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REGISTERED NUMBER: 01584316 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ACEDAG LIMITED

ACEDAG LIMITED (REGISTERED NUMBER: 01584316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACEDAG LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTOR: Mr P A Hadley





SECRETARY: Miss T Hadley





REGISTERED OFFICE: Power Station Road
Rugeley
Staffordshire
WS15 2HS





REGISTERED NUMBER: 01584316 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

ACEDAG LIMITED (REGISTERED NUMBER: 01584316)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 10 14
Tangible assets 5 153,701 177,830
153,711 177,844

CURRENT ASSETS
Stocks 125,888 165,850
Debtors 6 160,995 114,675
Cash at bank and in hand 83,305 37,550
370,188 318,075
CREDITORS
Amounts falling due within one year 7 329,897 301,545
NET CURRENT ASSETS 40,291 16,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,002

194,374

PROVISIONS FOR LIABILITIES 25,343 24,541
NET ASSETS 168,659 169,833

CAPITAL AND RESERVES
Called up share capital 96 96
Retained earnings 168,563 169,737
SHAREHOLDERS' FUNDS 168,659 169,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ACEDAG LIMITED (REGISTERED NUMBER: 01584316)

BALANCE SHEET - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mr P A Hadley - Director


ACEDAG LIMITED (REGISTERED NUMBER: 01584316)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Acedag Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when goods have been delivered to customers, or services completed, such that risks & rewards of ownership have transferred to them.

Intangible fixed assets
Depreciation is provided on patents at the rate of 25% reducing balance to write off the cost over their estimated useful lives.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 39 years
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ACEDAG LIMITED (REGISTERED NUMBER: 01584316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Trade
marks
£   
COST
At 1 March 2024
and 28 February 2025 25,399
AMORTISATION
At 1 March 2024 25,385
Amortisation for year 4
At 28 February 2025 25,389
NET BOOK VALUE
At 28 February 2025 10
At 29 February 2024 14

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and Motor
leasehold property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 March 2024 47,832 54,212 461,511 46,103 609,658
Additions - 11,460 6,000 - 17,460
At 28 February 2025 47,832 65,672 467,511 46,103 627,118
DEPRECIATION
At 1 March 2024 37,114 16,262 332,358 46,094 431,828
Charge for year 1,232 6,567 33,788 2 41,589
At 28 February 2025 38,346 22,829 366,146 46,096 473,417
NET BOOK VALUE
At 28 February 2025 9,486 42,843 101,365 7 153,701
At 29 February 2024 10,718 37,950 129,153 9 177,830

ACEDAG LIMITED (REGISTERED NUMBER: 01584316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 141,578 79,934
Other debtors 19,417 34,741
160,995 114,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 216,323 206,076
Taxation and social security 55,238 37,072
Other creditors 58,336 58,397
329,897 301,545