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Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd. Unaudited accounts for the year ended 30 April 2019
A1 Ace Transport Services Ltd. Unaudited accounts Contents
Page
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A1 Ace Transport Services Ltd. Statement of financial position as at 30 April 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
190,763 
273,571 
190,765 
273,573 
Current assets
Debtors
6
235,551 
222,736 
Cash at bank and in hand
59,391 
7,730 
294,942 
230,466 
Creditors: amounts falling due within one year
7
(375,072)
(390,584)
Net current liabilities
(80,130)
(160,118)
Total assets less current liabilities
110,635 
113,455 
Creditors: amounts falling due after more than one year
8
(39,111)
(36,886)
Provisions for liabilities
Deferred tax
(9,072)
- 
Net assets
62,452 
76,569 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
62,102 
76,219 
Shareholders' funds
62,452 
76,569 
For the year ending 30 April 2019 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 January 2020.
Mr M E Davis Director Company Registration No. 06466115
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A1 Ace Transport Services Ltd. Notes to the Accounts for the year ended 30 April 2019
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 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
20% on a reducing balance basis
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2018
401,576 
At 30 April 2019
401,576 
Amortisation
At 1 May 2018
401,574 
At 30 April 2019
401,574 
Net book value
At 30 April 2019
2 
At 30 April 2018
2 
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