REGISTERED NUMBER: 04308533 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ACE SECTIONAL BUILDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Church Esq

S Church Esq

W B Church Esq

SECRETARY:

A K Church Esq

REGISTERED OFFICE:

Snoad Hill

Bethersden

Ashford

Kent

TN26 3DZ

REGISTERED NUMBER:

04308533 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

FIXED ASSETS

Intangible assets

5

30,204

47,782

Tangible assets

6

1,351,960

325,089

1,382,164

372,871

CURRENT ASSETS

Stocks

112,980

115,848

Debtors

7

168,430

275,898

Cash at bank and in hand

459,228

529,292

740,638

921,038

CREDITORS

Amounts falling due within one year

8

704,456

261,156

NET CURRENT ASSETS

36,182

659,882

TOTAL ASSETS LESS CURRENT LIABILITIES

1,418,346

1,032,753

CREDITORS

Amounts falling due after more than one year

9

(487,535

)

(99,426

)

PROVISIONS FOR LIABILITIES

(70,610

)

(75,652

)

NET ASSETS

860,201

857,675

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

860,101

857,575

SHAREHOLDERS' FUNDS

860,201

857,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

A K Church Esq - Director

S Church Esq - Director

W B Church Esq - Director

1.	STATUTORY INFORMATION

Ace Sectional Buildings 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs is being amortised evenly over its estimated useful life of four years.

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.

Freehold property

-

2% straight line

Improvements to property

-

10% on a straight line basis

Plant and machinery

-

25% on a straight line basis

Fixtures and fittings

-

25% on a straight line basis

Motor vehicles

-

25% on a straight line basis

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 Statement of Income and Retained Earnings, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

5.	INTANGIBLE FIXED ASSETS

Website

Goodwill

costs

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

90,000

91,361

181,361

AMORTISATION

At 1 January 2024

90,000

43,579

133,579

Amortisation for year

-

17,578

17,578

At 31 December 2024

90,000

61,157

151,157

NET BOOK VALUE

At 31 December 2024

-

30,204

30,204

At 31 December 2023

-

47,782

47,782

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

-

137,509

482,296

Additions

1,051,758

-

917

Disposals

-

-

(50,000

)

At 31 December 2024

1,051,758

137,509

433,213

DEPRECIATION

At 1 January 2024

-

24,889

421,789

Charge for year

3,506

13,751

24,059

Eliminated on disposal

-

-

(50,000

)

At 31 December 2024

3,506

38,640

395,848

NET BOOK VALUE

At 31 December 2024

1,048,252

98,869

37,365

At 31 December 2023

-

112,620

60,507

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

48,112

284,964

952,881

Additions

13,973

60,067

1,126,715

Disposals

-

-

(50,000

)

At 31 December 2024

62,085

345,031

2,029,596

DEPRECIATION

At 1 January 2024

31,988

149,126

627,792

Charge for year

8,585

49,943

99,844

Eliminated on disposal

-

-

(50,000

)

At 31 December 2024

40,573

199,069

677,636

NET BOOK VALUE

At 31 December 2024

21,512

145,962

1,351,960

At 31 December 2023

16,124

135,838

325,089

Fixed assets include assets under hire purchase with a net book value of £162,360. (2023 £183,542.)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

131,262

171,148

Other debtors

37,168

104,750

168,430

275,898

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

31,532

-

Hire purchase contracts

62,901

64,163

Trade creditors

55,769

81,384

Taxation and social security

72,016

96,654

Other creditors

482,238

18,955

704,456

261,156

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

417,032

-

Hire purchase contracts

70,503

99,426

487,535

99,426

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

266,625

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

448,564

-

Hire purchase contracts

133,404

163,589

581,968

163,589

The bank loan is secured by a charge over the freehold property.

Liabilities under hire purchase contracts are secured on the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

In November 2024 the company purchased the freehold property from the directors at market value.