Ace Tones Entertainments Ltd

Ace Tones Entertainments Ltd
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	290,230	298,070
Investments	4	552,902	428,020
		843,132	726,090
Current assets
Debtors	5	54,693	25,588
Cash at bank and in hand		41,592	247,459
		96,285	273,047
Creditors: amount falling due within one year	6	(608,453)	(626,657)
Net current assets		(512,168)	(353,610)

Total assets less current liabilities		330,964	372,480
Creditors: amount falling due after more than one year	7	(2,181)	(13,216)
Provisions for liabilities	8	(55,144)	(56,633)
Net assets		273,639	302,631

Capital and reserves
Called up share capital		2	2
Profit and loss account		273,637	302,629
Shareholders' funds		273,639	302,631

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 30 December 2025 and were signed on its behalf by:

-------------------------------
Lewis Arthur Slack
Director

Ace Tones Entertainments Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Ace Tones Entertainments Ltd is a private company, limited by shares, registered in England and Wales, registration number 05035320, registration address Crown Hall Farm Dozens Bank, West Pinchbeck , Spalding, PE11 3ND.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

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

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
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:

Land and Buildings	5% Straight Line
Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 10 (2024 : 10).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£	£
At 01 April 2024	110,006	421,692	133,985	7,038	9,341	682,062
Additions	-	-	45,500	10,152	441	56,093
Disposals	-	(10,150)	-	-	-	(10,150)
At 31 March 2025	110,006	411,542	179,485	17,190	9,782	728,005
Depreciation
At 01 April 2024	23,295	300,758	51,621	2,617	5,701	383,992
Charge for year	5,500	28,648	21,539	938	965	57,590
On disposals	-	(3,807)	-	-	-	(3,807)
At 31 March 2025	28,795	325,599	73,160	3,555	6,666	437,775
Net book values
Closing balance as at 31 March 2025	81,211	85,943	106,325	13,635	3,116	290,230
Opening balance as at 01 April 2024	86,711	120,934	82,364	4,421	3,640	298,070

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	428,020	428,020
Additions	124,882	124,882
Disposals	-	-
At 31 March 2025	552,902	552,902

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	47,160	22,260
Prepayments & Accrued Income	7,533	3,328
	54,693	25,588

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	95,404	150,293
Bank Loans & Overdrafts	10,398	10,142
Corporation Tax	8,550	15,963
PAYE & Social Security	2,318	1,219
Accrued Expenses	36,491	1,200
Other Creditors	4	1
Payments Received on Account	433,355	411,798
Pensions contributions unpaid	963	808
Directors' Current Accounts	637	29,244
VAT	20,333	5,989
	608,453	626,657

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	2,181		13,216
	2,181		13,216

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	55,144		56,633
	55,144		56,633

Registered Number: 05035320
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
ACE TONES ENTERTAINMENTS LTD