Company Registration No. 09228846 (England and Wales)
ACE19 LIMITED
Unaudited accounts
for the year ended 31 December 2020
ACE19 LIMITED
Unaudited accounts
Contents
ACE19 LIMITED
Company Information
for the year ended 31 December 2020
Company Number
09228846 (England and Wales)
Registered Office
Lumley House
Hough Green
Chester
Cheshire
CH4 8JG
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
ACE19 LIMITED
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
122,790
204,144
Creditors: amounts falling due within one year
(1,866)
(6,648)
Net current assets
219,096
296,070
Net assets
219,096
296,070
Called up share capital
10
10
Profit and loss account
219,086
296,060
Shareholders' funds
219,096
296,070
For the year ending 31 December 2020 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.
The financial statements were approved by the Board and authorised for issue on 16 January 2021 and were signed on its behalf by
MSC Fuller
Director
Company Registration No. 09228846
ACE19 LIMITED
Notes to the Accounts
for the year ended 31 December 2020
ACE19 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09228846. The registered office and principal place of business is Lumley House, Hough Green, Chester, Cheshire, CH4 8JG, 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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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:
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
At 31 December 2020
30,000
At 31 December 2020
30,000
Goodwill relating to a business acquired in 2015 has been written off in equal annual instalments over its estimated economic life of 3 years.
ACE19 LIMITED
Notes to the Accounts
for the year ended 31 December 2020
5
Tangible fixed assets
Computer equipment
Amounts due from group undertakings etc.
97,710
97,710
Accrued income and prepayments
141
-
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
241
5,930
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.01 each
10
10
9
Transactions with related parties
During the year the company sold services, including VAT, totalling £2,635 (2019: £864) to Pure Blue Vision Limited, a company under the control of MSC Fuller.
At the balance sheet date an amount of £321 was due from Pure Blue Vision Limited (2019: £864).
Included in other creditors is an unsecured interest free loan of £1,000 (2019: £nil) owed to Pure Blue Vision Limited.
The company is a wholly owned subsidiary of ACE 19 Holdings Limited, a company incorporated in England and Wales.
The ultimate controlling party is MSC Fuller by virtue of his 100% interest in the issued share capital of ACE 19 Holdings Limited.
ACE19 LIMITED
Notes to the Accounts
for the year ended 31 December 2020
11
Average number of employees
During the year the average number of employees was 0 (2019: 0).
