Company Registration No. 07594877 (England and Wales)
Ace Windows Ltd
Unaudited Financial Statements
for the year ended 31 March 2025
Ace Windows Ltd
Unaudited Financial Statements
Contents
Ace Windows Ltd
Company Information
for the year ended 31 March 2025
Director
Wayne Winston Lomas
Company Number
07594877 (England and Wales)
Registered Office
36 Longford Avenue
Little Billing
Northampton
Northamptonshire
NN3 9HN
England
Accountants
SMP Accountancy Ltd
24 Lamport Lane
Northampton
NN2 7DW
Ace Windows Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
4,349
11,078
Creditors: amounts falling due within one year
(4,861)
(7,453)
Net current assets
4,961
4,427
Called up share capital
2
2
Profit and loss account
4,994
8,664
Shareholders' funds
4,996
8,666
For the year ending 31 March 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 December 2025 and were signed on its behalf by
Wayne Winston Lomas
Director
Company Registration No. 07594877
Ace Windows Ltd
Notes to the Accounts
for the year ended 31 March 2025
Ace Windows Ltd is a private company, limited by shares, registered in England and Wales, registration number 07594877. The registered office is 36 Longford Avenue, Little Billing, Northampton, Northamptonshire, NN3 9HN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill being the amount paid in connection with the acquisition of a business in 2011, this was amortised evenly over its estimated useful life of 2 years. This has now been fully amortised.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
33% Straight Line
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ace Windows Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).