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REGISTERED NUMBER: SC291031 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

ACE CAR REPAIR LIMITED

ACE CAR REPAIR LIMITED (REGISTERED NUMBER: SC291031)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

ACE CAR REPAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2013







DIRECTORS: A S Pratt
J Pratt





SECRETARY: J Pratt





REGISTERED OFFICE: 15 Braefoot Terrace
Edinburgh
EH16 6AA





REGISTERED NUMBER: SC291031 (Scotland)





ACCOUNTANTS: Danzig & Co
Chartered Accountants
8 - 12 Torphichen Street
Edinburgh
Lothian
EH3 8JQ

ACE CAR REPAIR LIMITED (REGISTERED NUMBER: SC291031)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2013

2013 2012
Notes £    £   
FIXED ASSETS
Intangible assets 2 75,004 81,252
Tangible assets 3 5,133 6,478
80,137 87,730

CURRENT ASSETS
Work in progress 5,548 3,122
Debtors 15,696 11,538
Cash at bank - 8,852
21,244 23,512
CREDITORS
Amounts falling due within one year 4 (64,408 ) (54,779 )
NET CURRENT LIABILITIES (43,164 ) (31,267 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,973

56,463

CREDITORS
Amounts falling due after more than one
year

(41,412
)
(55,350
)

PROVISIONS FOR LIABILITIES (414 ) (549 )
NET (LIABILITIES)/ASSETS (4,853 ) 564

CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and loss account (4,855 ) 562
SHAREHOLDERS' FUNDS (4,853 ) 564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

ACE CAR REPAIR LIMITED (REGISTERED NUMBER: SC291031)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 November 2013 and were signed on its behalf
by:





A S Pratt - Director


ACE CAR REPAIR LIMITED (REGISTERED NUMBER: SC291031)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis which assumes that the company will
continue to trade for the foreseeable future. The future of the company is dependent upon the continued support
of the directors.

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

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012
and 31 October 2013 125,000
AMORTISATION
At 1 November 2012 43,748
Amortisation for year 6,248
At 31 October 2013 49,996
NET BOOK VALUE

At 31 October 2013 75,004
At 31 October 2012 81,252

ACE CAR REPAIR LIMITED (REGISTERED NUMBER: SC291031)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012
and 31 October 2013 26,096
DEPRECIATION
At 1 November 2012 19,618
Charge for year 1,345
At 31 October 2013 20,963
NET BOOK VALUE
At 31 October 2013 5,133
At 31 October 2012 6,478

4. CREDITORS

Creditors include an amount of £ 5,587 for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
2 Ordinary £1 2 2

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 October 2013 A S Pratt and J Pratt had advanced a total of £41,412 (2012: £55,350) to the company.
There are no fixed terms for repayment and no interest is charged. However, the directors consider the debt to be
of a long term nature.