Ace of Fades London Limited

Ace of Fades London Limited
Contents Page
For the Period 01 January 2024 to 31 May 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Ace of Fades London Limited Accountants' Report For the Period 01 January 2024 to 31 May 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ace of Fades London Limited for the year ended 31 May 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ace of Fades London Limited for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Ace of Fades London Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Ace of Fades London Limited and state those matters that we have agreed to state to the Board of Directors of Ace of Fades London Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ace of Fades London Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Ace of Fades London Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ace of Fades London Limited . You consider that Ace of Fades London Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Ace of Fades London Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 May 2025. .................................................... PHS Associates Acc & Co Ltd 223 St. Albans Road Watford WD24 5BH 21 October 2025 1

Ace of Fades London Limited
Accountants' Report
For the Period 01 January 2024 to 31 May 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ace of Fades London Limited for the year ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ace of Fades London Limited for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ace of Fades London Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Ace of Fades London Limited and state those matters that we have agreed to state to the Board of Directors of Ace of Fades London Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ace of Fades London Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ace of Fades London Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ace of Fades London Limited . You consider that Ace of Fades London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ace of Fades London Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 May 2025.

....................................................

PHS Associates Acc & Co Ltd
223
St. Albans Road
Watford
WD24 5BH
21 October 2025

1

Ace of Fades London Limited
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2023 £
Fixed assets
Tangible fixed assets	3	41,960	11,390
		41,960	11,390
Current assets
Cash at bank and in hand		248	3,833
Creditors: amount falling due within one year		(15,317)	(10,035)
Net current assets		(15,069)	(6,202)

Total assets less current liabilities		26,891	5,188
Creditors: amount falling due after more than one year		(3,527)	(7,163)
Net assets		23,364	(1,975)

Capital and reserves
Called up share capital	4	1	1
Profit and loss account		23,363	(1,976)
Shareholders' funds		23,364	(1,975)

For the period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 21 October 2025 and were signed by:

-------------------------------
Hayat KHAN
Director

2

Ace of Fades London Limited
Notes to the Abridged Financial Statements
For the Period 01 January 2024 to 31 May 2025

General Information

Ace of Fades London Limited is a private company, limited by shares, registered in England and Wales, registration number 12380021, registration address 38 High Road, London, NW10 2QD.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20% Straight Line
Fixtures and Fittings	25% Straight Line

2.	Average number of employees Average number of employees during the period was 2 (2023 : 1).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 January 2024	-	30,000	30,000
Additions	12,215	27,720	39,935
Disposals	-	-	-
At 31 May 2025	12,215	57,720	69,935
Depreciation
At 01 January 2024	-	18,610	18,610
Charge for period	2,443	6,922	9,365
On disposals	-	-	-
At 31 May 2025	2,443	25,532	27,975
Net book values
Closing balance as at 31 May 2025	9,772	32,188	41,960
Opening balance as at 01 January 2024	-	11,390	11,390

4.

Share Capital

Authorised
1 Class A share of £1.00 each

Allotted, called up and fully paid	2025 £		2023 £
1 Class A share of £1.00 each	1		1
	1		1

3

Registered Number: 12380021
England and Wales
ACE OF FADES LONDON LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 May 2025