Advanced Centre of Excellence (ACE) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10754356 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Advanced Centre of Excellence (ACE) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Gadhia

R Shah

REGISTERED OFFICE:

Unit 1 Windrose Point

Pynnacles Close

Stanmore

Middlesex

HA7 4AG

REGISTERED NUMBER:

10754356 (England and Wales)

ACCOUNTANTS:

Key Ledgers

C204, Cunningham House

19-21 Westfield Lane

Harrow

HA3 9ED

FIXED ASSETS

Tangible assets

4

2,156,707

1,757,439

CURRENT ASSETS

Debtors

5

2,848

6,893

Cash at bank

24,917

48,324

27,765

55,217

CREDITORS

Amounts falling due within one year

6

944,043

473,113

NET CURRENT LIABILITIES

(916,278

)

(417,896

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,240,429

1,339,543

CREDITORS

Amounts falling due after more than
one year

7

(874,914

)

(1,007,259

)

PROVISIONS FOR LIABILITIES

8

(32,193

)

(44,272

)

NET ASSETS

333,322

288,012

CAPITAL AND RESERVES

Called up share capital

3

Revaluation reserve

9

(48,316

)

-

Retained earnings

381,635

288,009

333,322

288,012

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 15 October 2025 and were signed on its behalf by:

K Gadhia - Director

1.	STATUTORY INFORMATION

Advanced Centre of Excellence (ACE) 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 as modified by the revaluation of certain assets.

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

-

33% on cost, 25% on cost and 25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

1,623,316

328,079

1,951,395

Additions

482,406

-

482,406

Revaluations

(48,316

)

-

(48,316

)

At 31 March 2025

2,057,406

328,079

2,385,485

DEPRECIATION

At 1 April 2024

-

193,956

Charge for year

-

34,822

At 31 March 2025

-

228,778

NET BOOK VALUE

At 31 March 2025

2,057,406

99,301

2,156,707

At 31 March 2024

1,623,316

134,123

1,757,439

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2025

(48,316

)

-

(48,316

)

Cost

2,105,722

328,079

2,433,801

2,057,406

328,079

2,385,485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.25

31.3.24

£

Tax

1,203

Prepayments

1,645

5,690

2,848

6,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

96,970

102,564

Hire purchase contracts

37,257

Trade creditors

8,661

532

Amounts owed to group undertakings

55,043

30,043

Tax

37,075

30,647

VAT

5,337

18,597

Other creditors

698,000

237,000

Accruals and deferred income

3,200

11,823

Accrued expenses

2,500

4,650

944,043

473,113

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

859,390

954,478

Hire purchase contracts

15,524

52,781

874,914

1,007,259

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

32,193

44,272

Deferred

tax

£

Balance at 1 April 2024

44,272

Provided during year

(12,079

)

Balance at 31 March 2025

32,193

9.

RESERVES

Revaluation

reserve

£

No description

(48,316

)

At 31 March 2025

(48,316

)