Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Ace Fabricators Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Reed

L Williams

SECRETARY:

Mrs C K Reed

REGISTERED OFFICE:

Bleak House

146 High Street

Billericay

Essex

CM12 9DF

REGISTERED NUMBER:

05047750 (England and Wales)

ACCOUNTANTS:

Michael Letch & Partners LLP

Accountants

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Tangible assets

4

22,544

30,545

CURRENT ASSETS

Stocks

7,320

7,320

Debtors

5

281,798

325,829

Cash at bank and in hand

117,315

211,562

406,433

544,711

CREDITORS

Amounts falling due within one year

6

286,975

429,255

NET CURRENT ASSETS

119,458

115,456

TOTAL ASSETS LESS CURRENT LIABILITIES

142,002

146,001

CREDITORS

Amounts falling due after more than one year

7

3,333

10,623

NET ASSETS

138,669

135,378

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

138,569

135,278

SHAREHOLDERS' FUNDS

138,669

135,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

M S Reed - Director

1.	STATUTORY INFORMATION

Ace Fabricators 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.

2.	ACCOUNTING POLICIES

Going concern

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.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they adopt the going concern basis in preparing the financial statements.

Turnover

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

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

Stocks

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

79,692

44,395

5,982

130,069

DEPRECIATION

At 1 April 2024

69,921

24,107

5,496

99,524

Charge for year

2,443

5,072

486

8,001

At 31 March 2025

72,364

29,179

5,982

107,525

NET BOOK VALUE

At 31 March 2025

7,328

15,216

-

22,544

At 31 March 2024

9,771

20,288

486

30,545

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

239,870

309,894

Directors' current accounts

27,853

-

Prepayments

14,075

15,935

281,798

325,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,000

8,012

Trade creditors

144,205

164,880

Tax

37,547

35,420

Social security and other taxes

91,365

91,787

Other creditors

1,008

2,382

Directors' current accounts

-

123,824

Accrued expenses

4,850

2,950

286,975

429,255

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

3,333

8,012

Bank loans - 2-5 years

-

2,611

3,333

10,623