Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3110178The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £456 (2024 - £89) . Contributions totalling £Nil (2024 - £104) were payable to the fund at the reporting date and are included in creditors. Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.true2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-012truefalse 07520531 2024-04-01 2025-03-31 07520531 2023-04-01 2024-03-31 07520531 2025-03-31 07520531 2024-03-31 07520531 c:Director1 2024-04-01 2025-03-31 07520531 d:PlantMachinery 2024-04-01 2025-03-31 07520531 d:PlantMachinery 2025-03-31 07520531 d:PlantMachinery 2024-03-31 07520531 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07520531 d:FurnitureFittings 2024-04-01 2025-03-31 07520531 d:FurnitureFittings 2025-03-31 07520531 d:FurnitureFittings 2024-03-31 07520531 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07520531 d:ComputerEquipment 2024-04-01 2025-03-31 07520531 d:ComputerEquipment 2025-03-31 07520531 d:ComputerEquipment 2024-03-31 07520531 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07520531 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07520531 d:CurrentFinancialInstruments 2025-03-31 07520531 d:CurrentFinancialInstruments 2024-03-31 07520531 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07520531 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07520531 d:ShareCapital 2025-03-31 07520531 d:ShareCapital 2024-03-31 07520531 d:RetainedEarningsAccumulatedLosses 2025-03-31 07520531 d:RetainedEarningsAccumulatedLosses 2024-03-31 07520531 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07520531 c:OrdinaryShareClass1 2025-03-31 07520531 c:OrdinaryShareClass1 2024-03-31 07520531 c:OrdinaryShareClass2 2024-04-01 2025-03-31 07520531 c:OrdinaryShareClass2 2025-03-31 07520531 c:OrdinaryShareClass2 2024-03-31 07520531 c:FRS102 2024-04-01 2025-03-31 07520531 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07520531 c:FullAccounts 2024-04-01 2025-03-31 07520531 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07520531 d:WithinOneYear 2025-03-31 07520531 d:WithinOneYear 2024-03-31 07520531 d:BetweenOneFiveYears 2025-03-31 07520531 d:BetweenOneFiveYears 2024-03-31 07520531 2 2024-04-01 2025-03-31 07520531 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07520531










ACE DEFENCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
ACE DEFENCE LIMITED
REGISTERED NUMBER: 07520531

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,369
1,667

  
1,369
1,667

Current assets
  

Stocks
  
6,600
8,488

Debtors: amounts falling due within one year
 5 
12,971
13,029

Cash at bank and in hand
  
23,521
29,996

  
43,092
51,513

Creditors: amounts falling due within one year
 6 
(43,761)
(41,821)

Net current (liabilities)/assets
  
 
 
(669)
 
 
9,692

Total assets less current liabilities
  
700
11,359

Provisions for liabilities
  

Deferred tax
  
(674)
(674)

  
 
 
(674)
 
 
(674)

Net assets
  
26
10,685


Capital and reserves
  

Called up share capital 
 7 
10
10

Profit and loss account
  
16
10,675

  
26
10,685


Page 1

 
ACE DEFENCE LIMITED
REGISTERED NUMBER: 07520531

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2025.




Stephen Holland
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ACE DEFENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Ace Defence Limited is a UK company incorporated in England and Wales with a registered number of  07520531 and registered address of 8 Westerleigh Road, Clevedon, England, BS21 7US.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ACE DEFENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

PENSIONS

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ACE DEFENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)


2.6
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance basis
Fixtures and fittings
-
25%
reducing balance basis
Computer equipment
-
33%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
ACE DEFENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

2025
2024
£
£

Wages and salaries
34,009
21,297

Cost of defined contribution scheme
456
10,089

34,465
31,386


The average monthly number of employees, including directors, during the year was 2 (2024 -2).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
1,803
3,043
11,243
16,089


Additions
301
-
374
675



At 31 March 2025

2,104
3,043
11,617
16,764



Depreciation


At 1 April 2024
1,569
3,043
9,809
14,421


Charge for the year on owned assets
134
-
840
974



At 31 March 2025

1,703
3,043
10,649
15,395



Net book value



At 31 March 2025
401
-
968
1,369



At 31 March 2024
234
-
1,433
1,667


5.


DEBTORS

2025
2024
£
£

Page 6

 
ACE DEFENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.DEBTORS (CONTINUED)


Trade debtors
3,992
7,001

Other debtors
3,900
210

Prepayments and accrued income
5,079
5,818

12,971
13,029



6.


CREDITORS: Amounts falling due within one year

2025
2024
£
£

Trade creditors
4,777
583

Corporation tax
3,338
5,805

Other taxation and social security
3,836
5,017

Other creditors
-
2,909

Accruals and deferred income
31,810
27,507

43,761
41,821



7.


SHARE CAPITAL

2025
2024
£
£
Allotted, called up and fully paid



8 (2024 -8) Ordinary A shares of £1.00 each
8
8
2 (2024 -2) Ordinary B shares of £1.00 each
2
2

10

10



8.


PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £456 (2024 - £89) . Contributions totalling £Nil (2024 - £104) were payable to the fund at the reporting date and are included in creditors.

Page 7

 
ACE DEFENCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


COMMITMENTS UNDER OPERATING LEASES

At 31 March 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
3,292
3,292

Later than 1 year and not later than 5 years
7,682
-

10,974
3,292


Page 8