Ace of Spades Contractors Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03805860

Ace of Spades Contractors Ltd

Filleted Unaudited Financial Statements

30 June 2025

Ace of Spades Contractors Ltd

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		26,167	34,530

Current assets

Stocks		400	350
Debtors	6	112,721	116,167
Cash at bank and in hand		37,006	34,726
		---------	---------
		150,127	151,243

Creditors: amounts falling due within one year	7	121,046		127,656
		---------		---------
Net current assets			29,081	23,587
			--------	--------
Total assets less current liabilities			55,248	58,117
			--------	--------
Net assets			55,248	58,117
			--------	--------

Capital and reserves

Called up share capital	7	7
Profit and loss account	55,241	58,110
	--------	--------
Shareholders funds	55,248	58,117
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ace of Spades Contractors Ltd

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

L G Jones Esq

Director

Company registration number: 03805860

Ace of Spades Contractors Ltd

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44 Stoke Road, Gosport, Hampshire, PO12 1JQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25 % reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 July 2024	2,765	8,485	87,746	2,132	101,128
Additions	–	–	–	358	358
	-------	-------	--------	-------	---------
At 30 June 2025	2,765	8,485	87,746	2,490	101,486
	-------	-------	--------	-------	---------
Depreciation
At 1 July 2024	2,456	7,533	55,669	940	66,598
Charge for the year	321	174	8,019	207	8,721
	-------	-------	--------	-------	---------
At 30 June 2025	2,777	7,707	63,688	1,147	75,319
	-------	-------	--------	-------	---------
Carrying amount
At 30 June 2025	( 12)	778	24,058	1,343	26,167
	-------	-------	--------	-------	---------
At 30 June 2024	309	952	32,077	1,192	34,530
	-------	-------	--------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	13,050
Other debtors	112,721	103,117
	---------	---------
	112,721	116,167
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	7,810	8,026
Corporation tax	39,378	25,040
Social security and other taxes	53,254	42,985
Other creditors	20,604	51,605
	---------	---------
	121,046	127,656
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
L G Jones Esq	( 49,037)	31,288	( 17,749)
	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
L G Jones Esq	( 61,567)	12,530	( 49,037)
	--------	--------	--------

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Ace of Spades Holdings Limited	7,700	36,000	110,817	103,117
	-------	--------	---------	---------

L Jones Esq and Mrs A Jones are the managing directors of Ace of Spades Holdings Limited and each own fifty per cent of the issued share capital.