ACE & THRIVE LTD


Director	ADEDOJA, Idriz


Registered Address	25b Lowndes Street
	Belgravia
	London
	SW1X 9JF


Registered Number	14585304 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		900		696
			900		696
Current assets
Debtors	4	123,951		161,114
Cash at bank and on hand		33		169
		123,984		161,283
Creditors amounts falling due within one year	5	(97,201)		(19,658)
Net current assets (liabilities)			26,783		141,625
Total assets less current liabilities			27,683		142,321
Creditors amounts falling due after one year	6		(26,806)		(141,910)
Net assets			877		411
Capital and reserves
Called up share capital			100		100
Profit and loss account			777		311
Shareholders' funds			877		411

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 October 2025, and are signed on its behalf by:

ADEDOJA, Idriz
Director
Registered Company No. 14585304

ACE & THRIVE LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 February 24	835	835
Additions	378	378
At 31 January 25	1,213	1,213
Depreciation and impairment
At 01 February 24	139	139
Charge for year	174	174
At 31 January 25	313	313
Net book value
At 31 January 25	900	900
At 31 January 24	696	696

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	37,751	13,110
Amounts owed by group undertakings	19,211	-
Other debtors	66,083	143,902
Prepayments and accrued income	906	4,102
Total	123,951	161,114

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	33,360	6,658
Bank borrowings and overdrafts	29,616	2,061
Taxation and social security	12,644	9,860
Other creditors	1,050	-
Accrued liabilities and deferred income	20,531	1,079
Total	97,201	19,658

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	26,806	141,910
Total	26,806	141,910