Company Registration No. 6537859 (England and Wales)
ACE RENT A VAN LIMITED
Unaudited accounts
for the year ended 31 March 2025
ACE RENT A VAN LIMITED
Unaudited accounts
Contents
ACE RENT A VAN LIMITED
Company Information
for the year ended 31 March 2025
Directors
P VERRICO
L VERRICO
Company Number
6537859 (England and Wales)
Registered Office
2 POMEROY STREET
NEW CROSS
LONDON
SE14 5BG
ACE RENT A VAN LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
3,079,949
2,984,680
Cash at bank and in hand
61,197
114,085
Creditors: amounts falling due within one year
(1,074,750)
(550,196)
Net current liabilities
(732,886)
(83,332)
Total assets less current liabilities
2,347,063
2,901,348
Creditors: amounts falling due after more than one year
-
(1,002,304)
Net assets
2,347,063
1,899,044
Called up share capital
100
100
Profit and loss account
2,346,963
1,898,944
Shareholders' funds
2,347,063
1,899,044
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 directors acknowledge 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 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 of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
P VERRICO
Director
Company Registration No. 6537859
ACE RENT A VAN LIMITED
Notes to the Accounts
for the year ended 31 March 2025
ACE RENT A VAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6537859. The registered office is 2 POMEROY STREET, NEW CROSS, LONDON, SE14 5BG.
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.
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:
Motor vehicles
10% reducing balance method as standard and based on the true reflection of values
Assets held under hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding hire purchase obligation is treated in the balance sheet as a liability. The interest element is charged to the profit and loss account over the period at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
3,621,567
87,330
3,708,897
Additions
526,159
14,810
540,969
Disposals
(66,427)
-
(66,427)
At 31 March 2025
4,081,299
102,140
4,183,439
At 1 April 2024
706,751
17,466
724,217
Charge for the year
379,699
8,733
388,432
On disposals
(9,159)
-
(9,159)
At 31 March 2025
1,077,291
26,199
1,103,490
At 31 March 2025
3,004,008
75,941
3,079,949
At 31 March 2024
2,914,816
69,864
2,984,680
ACE RENT A VAN LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
68,550
114,225
Amounts due from group undertakings etc.
67,500
-
Other debtors
144,617
231,807
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
19,725
Obligations under finance leases and hire purchase contracts
992,134
525,275
Taxes and social security
5,845
5,196
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
1,002,304
8
Average number of employees
During the year the average number of employees was 16 (2024: 16).