REGISTERED NUMBER: 06862033 (England and Wales)

Aces Fire Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

A M Sheehan

Mrs S L Sheehan

Registered office:

Bradford House

Yarmouth Road

Stalham

Norfolk

NR12 9PD

Registered number:

06862033 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

51,084

60,390

Current assets

Debtors

5

8,505

14,158

Cash at bank

10,765

3,827

19,270

17,985

Creditors

Amounts falling due within one year

6

44,384

11,612

Net current (liabilities)/assets

(25,114

)

6,373

Total assets less current liabilities

25,970

66,763

Creditors

Amounts falling due after more than one year

7

(10,908

)

(43,473

)

Provisions for liabilities

(9,707

)

(11,474

)

Net assets

5,355

11,816

Capital and reserves

Called up share capital

100

100

Retained earnings

5,255

11,716

Shareholders' funds

5,355

11,816

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 14 July 2025 and were signed on its behalf by:

A M Sheehan - Director

1.	Statutory information

Aces Fire 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 April 2024

34,321

82,182

116,503

Additions

3,466

-

3,466

At 31 March 2025

37,787

82,182

119,969

Depreciation

At 1 April 2024

26,521

29,592

56,113

Charge for year

2,254

10,518

12,772

At 31 March 2025

28,775

40,110

68,885

Net book value

At 31 March 2025

9,012

42,072

51,084

At 31 March 2024

7,800

52,590

60,390

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

Motor

vehicles

£

Cost

At 1 April 2024

and 31 March 2025

33,701

Depreciation

At 1 April 2024

and 31 March 2025

6,740

Net book value

At 31 March 2025

26,961

At 31 March 2024

26,961

5.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

6,220

11,693

Other debtors

2,285

2,465

8,505

14,158

6.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Hire purchase contracts

32,565

9,405

Trade creditors

6,283

2,826

Taxation and social security

3,211

(5,016

)

Other creditors

2,325

4,397

44,384

11,612

7.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Hire purchase contracts

10,908

43,473

8.	Ultimate controlling party

The controlling party is A M Sheehan.