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Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd Annual report and unaudited accounts for the year ended 30 April 2016
A1 Ace Transport Services Ltd Annual report and unaudited accounts Contents
Page
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A1 Ace Transport Services Ltd Company Information for the year ended 30 April 2016
Directors
Mr M E Davis Mr ME Woodford Mr A E Woodford
Company Number
06466115 (England and Wales)
Registered Office
Watcombe House Railway Street Taunton Somerset TA2 6HF
Accountants
Flourish 15 Queen's Drive Taunton Somerset TA1 4XW
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A1 Ace Transport Services Ltd Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of A1 Ace Transport Services Ltd for the year ended 30 April 2016
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Flourish Chartered Accountants 15 Queen's Drive Taunton Somerset TA1 4XW 19 January 2017
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A1 Ace Transport Services Ltd Statement of financial position as at 30 April 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
359,578 
360,343 
359,580 
360,345 
Current assets
Debtors
6
265,082 
131,055 
Cash at bank and in hand
27,004 
69,678 
292,086 
200,733 
Creditors: amounts falling due within one year
7
(493,801)
(371,338)
Net current liabilities
(201,715)
(170,605)
Total assets less current liabilities
157,865 
189,740 
Creditors: amounts falling due after more than one year
8
(47,848)
(126,521)
Net assets
110,017 
63,219 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
109,667 
62,869 
Shareholders' funds
110,017 
63,219 
For the year ending 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 19 January 2017.
Mr M E Davis Director Company Registration No. 06466115
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A1 Ace Transport Services Ltd Statement of Changes in Equity as at 30 April 2016
Share capital 
Profit & loss account 
Total 
£ 
£ 
£ 
At 1 May 2014
350 
51,890 
52,240 
Profit for the year
103,970 
103,970 
Dividends
(92,991)
(92,991)
At 30 April 2015
350 
62,869 
63,219 
At 1 May 2015
350 
62,869 
63,219 
Profit for the year
139,789 
139,789 
Dividends
(92,991)
(92,991)
At 30 April 2016
350 
109,667 
110,017 
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A1 Ace Transport Services Ltd Notes to the Accounts for the year ended 30 April 2016
1
Statutory information
A1 Ace Transport Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06466115. The registered office and principal place of business is Watcombe House, Railway Street, Taunton, Somerset, TA2 6HF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost and straight line over 7 years
Motor vehicles
Straight line over 4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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A1 Ace Transport Services Ltd Notes to the Accounts for the year ended 30 April 2016
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2015
401,576 
At 30 April 2016
401,576 
Amortisation
At 1 May 2015
401,574 
At 30 April 2016
401,574 
Net book value
At 30 April 2016
2 
At 30 April 2015
2 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2015
117,109 
731,828 
848,937 
Additions
15,721 
161,503 
177,224 
Disposals
- 
(129,977)
(129,977)
At 30 April 2016
132,830 
763,354 
896,184 
Depreciation
At 1 May 2015
73,578 
415,016 
488,594 
Charge for the year
27,219 
144,943 
172,162 
On disposals
- 
(124,150)
(124,150)
At 30 April 2016
100,797 
435,809 
536,606 
Net book value
At 30 April 2016
32,033 
327,545 
359,578 
At 30 April 2015
43,531 
316,812 
360,343 
6
Debtors
2016 
2015 
£ 
£ 
Trade debtors
90,619 
53,397 
Deferred tax asset
15,517 
3,706 
Accrued income and prepayments
4,133 
3,468 
Other debtors
154,813 
70,484 
265,082 
131,055 
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