REGISTERED NUMBER: 10623869 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2025

for

Ace Drainage & Water Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Akintaro

Mr E Reeves

REGISTERED OFFICE:

Unit 12 Wimbledon Avenue

Brandon

Suffolk

IP27 0NZ

REGISTERED NUMBER:

10623869 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

FIXED ASSETS

Tangible assets

4

75,269

90,155

CURRENT ASSETS

Debtors

5

264,830

271,041

Cash at bank

50,790

29,974

315,620

301,015

CREDITORS

Amounts falling due within one year

6

277,865

232,113

NET CURRENT ASSETS

37,755

68,902

TOTAL ASSETS LESS CURRENT LIABILITIES

113,024

159,057

CREDITORS

Amounts falling due after more than one year

7

(63,616

)

(87,964

)

PROVISIONS FOR LIABILITIES

(14,301

)

(17,129

)

NET ASSETS

35,107

53,964

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

35,007

53,864

35,107

53,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 16th September 2025 and were signed on its behalf by:

Mr M Akintaro - Director

1.	STATUTORY INFORMATION

Ace Drainage & Water Solutions Ltd 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

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st March 2024

22,477

105,979

128,456

Additions

1,700

42,495

44,195

Disposals

(832

)

(46,600

)

(47,432

)

At 28th February 2025

23,345

101,874

125,219

DEPRECIATION

At 1st March 2024

10,494

27,807

38,301

Charge for year

1,960

21,383

23,343

Eliminated on disposal

(231

)

(11,463

)

(11,694

)

At 28th February 2025

12,223

37,727

49,950

NET BOOK VALUE

At 28th February 2025

11,122

64,147

75,269

At 29th February 2024

11,983

78,172

90,155

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st March 2024

98,979

Additions

36,495

Disposals

(33,600

)

At 28th February 2025

101,874

DEPRECIATION

At 1st March 2024

24,744

Charge for year

21,383

Eliminated on disposal

(8,400

)

At 28th February 2025

37,727

NET BOOK VALUE

At 28th February 2025

64,147

At 29th February 2024

74,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

207,789

231,778

Other debtors

39

39

Tax

49,182

38,239

Prepayments

7,820

985

264,830

271,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,300

9,800

Hire purchase contracts

17,629

13,972

Trade creditors

64,007

47,986

Tax

101,628

90,893

Social security and other taxes

25,834

8,276

VAT

37,702

45,433

Other creditors

1,746

2,495

Directors' loan accounts

16,949

11,333

Accrued expenses

2,070

1,925

277,865

232,113

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

2,796

13,479

Hire purchase contracts

60,820

74,485

63,616

87,964

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,796

13,479

8.

RESERVES

Retained

earnings

£

At 1st March 2024

53,864

Profit for the year

141,143

Dividends

(160,000

)

At 28th February 2025

35,007

9.	ULTIMATE CONTROLLING PARTY