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Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd. Unaudited accounts for the year ended 30 April 2018
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 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
273,571 
374,659 
Investments
6
- 
25,000 
273,573 
399,661 
Current assets
Debtors
7
222,736 
209,231 
Cash at bank and in hand
7,730 
14,711 
230,466 
223,942 
Creditors: amounts falling due within one year
8
(390,584)
(413,139)
Net current liabilities
(160,118)
(189,197)
Total assets less current liabilities
113,455 
210,464 
Creditors: amounts falling due after more than one year
9
(36,886)
(91,118)
Provisions for liabilities
Deferred tax
- 
(5,470)
Net assets
76,569 
113,876 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
76,219 
113,526 
Shareholders' funds
76,569 
113,876 
For the year ending 30 April 2018 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 13 December 2018.
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 2018
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 2017
401,576 
At 30 April 2018
401,576 
Amortisation
At 1 May 2017
401,574 
At 30 April 2018
401,574 
Net book value
At 30 April 2018
2 
At 30 April 2017
2 
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A1 Ace Transport Services Ltd. Notes to the Accounts for the year ended 30 April 2018
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2017
134,745 
750,985 
885,730 
Additions
1,064 
45,792 
46,856 
Disposals
- 
(41,334)
(41,334)
At 30 April 2018
135,809 
755,443 
891,252 
Depreciation
At 1 May 2017
116,694 
394,377 
511,071 
Charge for the year
6,001 
143,004 
149,005 
On disposals
- 
(42,395)
(42,395)
At 30 April 2018
122,695 
494,986 
617,681 
Net book value
At 30 April 2018
13,114 
260,457 
273,571 
At 30 April 2017
18,051 
356,608 
374,659 
6
Investments
Other investments 
£ 
Valuation at 1 May 2017
25,000 
Fair value adjustments
(25,000)
Valuation at 30 April 2018
- 
7
Debtors
2018 
2017 
£ 
£ 
Trade debtors
82,185 
65,876 
Deferred tax asset
4,622 
Other debtors
135,929 
143,355 
222,736 
209,231 
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Obligations under finance leases and hire purchase contracts
78,232 
80,516 
Trade creditors
24,372 
27,464 
Taxes and social security
49,728 
53,310 
Other creditors
238,252 
251,849 
390,584 
413,139