1 November 2016 false No description of principal activity Taxfiler 2018.8.Web 07811993business:PrivateLimitedCompanyLtd2016-11-012017-10-31 078119932016-10-31 078119932016-11-012017-10-31 07811993business:AuditExempt-NoAccountantsReport2016-11-012017-10-31 07811993business:FullAccounts2016-11-012017-10-31 078119932017-10-31 07811993business:Director12016-11-012017-10-31 07811993business:RegisteredOffice2016-11-012017-10-31 078119932016-10-31 07811993core:WithinOneYear2017-10-31 07811993core:WithinOneYear2016-10-31 07811993core:AfterOneYear2017-10-31 07811993core:AfterOneYear2016-10-31 07811993core:ShareCapital2017-10-31 07811993core:ShareCapital2016-10-31 07811993core:RevaluationReserve2017-10-31 07811993core:RevaluationReserve2016-10-31 07811993core:RetainedEarningsAccumulatedLosses2017-10-31 07811993core:RetainedEarningsAccumulatedLosses2016-10-31 07811993business:SmallEntities2016-11-012017-10-31 07811993countries:EnglandWales2016-11-012017-10-31 07811993core:LandBuildings2016-11-012017-10-31 07811993core:MotorVehicles2016-11-012017-10-31 07811993core:FurnitureFittings2016-11-012017-10-31 07811993core:ComputerEquipment2016-11-012017-10-31 07811993core:LandBuildings2016-10-31 07811993core:MotorVehicles2016-10-31 07811993core:FurnitureFittings2016-10-31 07811993core:ComputerEquipment2016-10-31 07811993core:LandBuildings2017-10-31 07811993core:MotorVehicles2017-10-31 07811993core:FurnitureFittings2017-10-31 07811993core:ComputerEquipment2017-10-31 07811993business:OrdinaryShareClass12016-11-012017-10-31 07811993business:OrdinaryShareClass12015-11-012016-10-31 078119932015-11-012016-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07811993 (England and Wales)
Ace Aluminium & Architectural Services Ltd Unaudited accounts for the year ended 31 October 2017
Ace Aluminium & Architectural Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ace Aluminium & Architectural Services Ltd Company Information for the year ended 31 October 2017
Director
Andrew Platts
Company Number
07811993 (England and Wales)
Registered Office
ACKLAM HALL HALL DRIVE ACKLAM MIDDLESBROUGH TS5 7DY ENGLAND
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Ace Aluminium & Architectural Services Ltd Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,217,914 
813,349 
Current assets
Debtors
5
599,068 
225,266 
Cash at bank and in hand
184,225 
572,822 
783,293 
798,088 
Creditors: amounts falling due within one year
6
(403,831)
(391,349)
Net current assets
379,462 
406,739 
Total assets less current liabilities
2,597,376 
1,220,088 
Creditors: amounts falling due after more than one year
7
(461,563)
(487,813)
Net assets
2,135,813 
732,275 
Capital and reserves
Called up share capital
8
113,435 
113,435 
Revaluation reserve
1,432,500 
- 
Profit and loss account
589,878 
618,840 
Shareholders' funds
2,135,813 
732,275 
For the year ending 31 October 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 director acknowledges his 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 31 July 2018.
Andrew Platts Director Company Registration No. 07811993
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Ace Aluminium & Architectural Services Ltd Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
Ace Aluminium & Architectural Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07811993. The registered office is ACKLAM HALL HALL DRIVE, ACKLAM, MIDDLESBROUGH, TS5 7DY, ENGLAND.
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 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 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 policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
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Ace Aluminium & Architectural Services Ltd Notes to the Accounts for the year ended 31 October 2017
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At 1 November 2016
777,500 
27,135 
35,870 
1,235 
841,740 
Revaluations
1,432,500 
- 
- 
- 
1,432,500 
At 31 October 2017
2,210,000 
27,135 
35,870 
1,235 
2,274,240 
Depreciation
At 1 November 2016
14,600 
2,827 
10,345 
619 
28,391 
Charge for the year
17,937 
6,077 
3,829 
92 
27,935 
At 31 October 2017
32,537 
8,904 
14,174 
711 
56,326 
Net book value
At 31 October 2017
2,177,463 
18,231 
21,696 
524 
2,217,914 
At 31 October 2016
762,900 
24,308 
25,525 
616 
813,349 
The date of the valuation for company owned Land and Buildings was 12.09.2017. This was carried out by Lambert Smith Hampton who are MRICS qualified, membership number 0096759.
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
60,371 
8,273 
Deferred tax asset
286,500 
- 
Other debtors
252,197 
216,993 
599,068 
225,266 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
742 
1,630 
Obligations under finance leases and hire purchase contracts
8,368 
13,547 
Trade creditors
57,811 
307,075 
Taxes and social security
335,954 
47,735 
Loans from directors
956 
21,362 
403,831 
391,349 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
461,563 
487,813 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
113,435 Ordinary shares of £1 each
113,435 
113,435 
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Ace Aluminium & Architectural Services Ltd Notes to the Accounts for the year ended 31 October 2017
9
Transactions with related parties
Dividends paid to directors in the period: Andrew Platts £59000
10
Controlling party
Andrew Platts
11
Average number of employees
During the year the average number of employees was 4 (2016: 4).
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