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Company Registration No. 06466115 (England and Wales)
A1 Ace Transport Services Ltd. Unaudited accounts for the year ended 30 April 2017
A1 Ace Transport Services Ltd. Unaudited accounts Contents
Page
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A1 Ace Transport Services Ltd. Company Information for the year ended 30 April 2017
Directors
Mr M E Davis Mr ME Woodford
Company Number
06466115 (England and Wales)
Registered Office
Watcombe House Railway Street Taunton Somerset TA2 6HF
Accountants
Flourish, Chartered Accountants 15 Queen's Drive Taunton Somerset TA1 4XW
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A1 Ace Transport Services Ltd. Statement of financial position as at 30 April 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
374,659 
359,578 
374,661 
359,580 
Current assets
Debtors
6
234,231 
265,082 
Cash at bank and in hand
14,711 
27,004 
248,942 
292,086 
Creditors: amounts falling due within one year
7
(434,025)
(493,801)
Net current liabilities
(185,083)
(201,715)
Total assets less current liabilities
189,578 
157,865 
Creditors: amounts falling due after more than one year
8
(70,232)
(47,848)
Provisions for liabilities
Deferred tax
(5,470)
- 
Net assets
113,876 
110,017 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
113,526 
109,667 
Shareholders' funds
113,876 
110,017 
For the year ending 30 April 2017 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 20 December 2017.
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 2017
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
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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A1 Ace Transport Services Ltd. Notes to the Accounts for the year ended 30 April 2017
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2016
401,576 
At 30 April 2017
401,576 
Amortisation
At 1 May 2016
401,574 
At 30 April 2017
401,574 
Net book value
At 30 April 2017
2 
At 30 April 2016
2 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2016
132,830 
763,354 
896,184 
Additions
1,915 
225,977 
227,892 
Disposals
- 
(238,346)
(238,346)
At 30 April 2017
134,745 
750,985 
885,730 
Depreciation
At 1 May 2016
100,797 
435,809 
536,606 
Charge for the year
15,897 
167,025 
182,922 
On disposals
- 
(208,457)
(208,457)
At 30 April 2017
116,694 
394,377 
511,071 
Net book value
At 30 April 2017
18,051 
356,608 
374,659 
At 30 April 2016
32,033 
327,545 
359,578 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
65,876 
90,619 
Deferred tax asset
15,517 
Accrued income and prepayments
- 
4,133 
Other debtors
168,355 
154,813 
234,231 
265,082 
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