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ACE MOTORS (SOUTH ELMSALL) LIMITED




Company Registration Number:
02887491 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st February 2014

End date: 31st January 2015

SUBMITTED

ACE MOTORS (SOUTH ELMSALL) LIMITED

Company Information
for the Period Ended 31st January 2015




Director: Mr A Wilkinson
Mr S Wilkinson
Company secretary: Mr A Wilkinson
Registered office: Doncaster Road
South Elmsall
Pontefract
West Yorkshire
WF9 2HX
Company Registration Number: 02887491 (England and Wales)

ACE MOTORS (SOUTH ELMSALL) LIMITED

Abbreviated Balance sheet
As at 31st January 2015

Notes 2015
£		 2014
£
Fixed assets
Intangible assets: 2 33,305 33,305
Tangible assets: 3 238,695 252,794
Total fixed assets: 272,000 286,099
Current assets
Stocks: 1,890 1,130
Debtors: 4 3,623 1,385
Cash at bank and in hand: 5,654 2,666
Total current assets: 11,167 5,181
Creditors
Creditors: amounts falling due within one year 5 36,244 29,064
Net current assets (liabilities): ( 25,077 ) ( 23,883 )
Total assets less current liabilities: 246,923 262,216
Creditors: amounts falling due after more than one year: 6 197,035 213,064
Total net assets (liabilities): 49,888 49,152

The notes form part of these financial statements

ACE MOTORS (SOUTH ELMSALL) LIMITED

Abbreviated Balance sheet
As at 31st January 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 7 45,001 45,001
Profit and Loss account: 4,887 4,151
Total shareholders funds: 49,888 49,152

For the year ending 31 January 2015 the company was entitled to exemption 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 Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 01 October 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr A Wilkinson
Status: Director

The notes form part of these financial statements

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services to customers.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following rates in order to write off assets over their useful lives. Plant and Machinery 25% reducing balance Motor Vehicles 25 % reducing balance

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 2. Intangible assets

    Total
    Cost £
    At 01st February 2014: 45,000
    45,000
    Amortisation £
    At 01st February 2014: 11,695
    At 31st January 2015: 11,695
    Net book value £
    At 31st January 2015: 33,305
    At 31st January 2014: 33,305

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 3. Tangible assets

    Total
    Cost £
    At 01st February 2014: 520,518
    Additions: 2,167
    Disposals: 42,784
    At 31st January 2015: 479,901
    Depreciation
    At 01st February 2014: 267,724
    Charge for year: 9,375
    On disposals: 35,893
    At 31st January 2015: 241,206
    Net book value
    At 31st January 2015: 238,695
    At 31st January 2014: 252,794

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 4. Debtors

    2015
    £     		2014
    £
    Trade debtors: 3,485 1,385
    Other debtors: 138 -
    Total: 3,623 1,385

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 5. Creditors: amounts falling due within one year

    2015
    £     		2014
    £
    Bank loans and overdrafts: 17,868 17,868
    Trade creditors: 6,480 7,637
    Taxation and social security: 11,896 3,559
    Total: 36,244 29,064

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 6. Creditors: amounts falling due after more than one year

    2015
    £     		2014
    £
    Bank loans and overdrafts: 47,952 63,081
    Other creditors: 149,083 149,983
    Total: 197,035 213,064

ACE MOTORS (SOUTH ELMSALL) LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st January 2015

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 45,001 1.00
    1.00
    		45,001
    Total share capital: 45,001
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 45,001 1.00
    1.00
    		45,001
    Total share capital: 45,001