Ace Fire Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 3870640

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		14,400		19,200
Tangible Assets	5		80,336		28,840

			94,736		48,040
CURRENT ASSETS
Stocks	6	30,000		30,000
Debtors	7	444,752		284,502
Cash at bank and in hand		85,433		61,220

		560,185		375,722
Creditors: Amounts Falling Due Within One Year	8	(183,596 )		(161,590 )

NET CURRENT ASSETS (LIABILITIES)			376,589		214,132

TOTAL ASSETS LESS CURRENT LIABILITIES			471,325		262,172

NET ASSETS			471,325		262,172

CAPITAL AND RESERVES
Called up share capital	9		3		3
Profit and Loss Account			471,322		262,169

SHAREHOLDERS' FUNDS			471,325		262,172

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Ace Fire Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Kilduff Director	Mrs Maria Graveling Director	Mr Harry Boucher Director
22nd September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Ace Fire Limited Registered number 3870640 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Station Road, Brundall, Norwich, NR13 5LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years, on a straight line basis, commencing in the year following acquisition.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Ace Fire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	2
Sales, marketing and distribution	10	9

	12	11

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	24,000

As at 31 December 2024	24,000

Amortisation
As at 1 January 2024	4,800
Provided during the period	4,800

As at 31 December 2024	9,600

Net Book Value
As at 31 December 2024	14,400

As at 1 January 2024	19,200

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	22,711	134,970	55,901	213,582
Additions	1,673	71,640	4,960	78,273

As at 31 December 2024	24,384	206,610	60,861	291,855

Depreciation
As at 1 January 2024	20,287	117,064	47,391	184,742
Provided during the period	1,024	22,386	3,367	26,777

As at 31 December 2024	21,311	139,450	50,758	211,519

Net Book Value
As at 31 December 2024	3,073	67,160	10,103	80,336

As at 1 January 2024	2,424	17,906	8,510	28,840

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Ace Fire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Materials	30,000	30,000

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	155,846	153,516
Prepayments and accrued income	14,793	11,372

	170,639	164,888
Due after more than one year
Directors loan account	274,113	119,614

	444,752	284,502

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	38,561	22,215
Corporation tax	68,721	70,282
VAT	76,314	69,093

	183,596	161,590

9. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
1 Ordinary A shares of £ 1.000 each	1	1
1 Ordinary B shares of £ 1.000 each	1	1
1 Ordinary C shares of £ 1.000 each	1	1

	3	3

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2024	2023
	£	£
Mr Thomas Kilduff	-	10,000
Mr David Boucher	-	175,000
Mrs Maria Graveling	-	14,500

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Ace Fire Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	-	199,500