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Company Registration No. 03696676 (England and Wales)
Ace Container Services Limited Unaudited accounts for the year ended 30 June 2025
Ace Container Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ace Container Services Limited Company Information for the year ended 30 June 2025
Directors
Mitchell Kurt Brenner John Douglas Hanson Samual David Hanson
Secretary
John Douglas Hanson
Company Number
03696676 (England and Wales)
Registered Office
Haigh Park Road Leeds West Yorkshire LS10 1RT United Kingdom
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Ace Container Services Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,901
(27,225)
Investments
5
2,022,639
2,059,832
2,025,540
2,032,607
Current assets
Inventories
-
694,649
Debtors
6
187,597
300,465
Cash at bank and in hand
3,200
18,325
190,797
1,013,439
Creditors: amounts falling due within one year
7
(529,498)
(1,093,828)
Net current liabilities
(338,701)
(80,389)
Total assets less current liabilities
1,686,839
1,952,218
Creditors: amounts falling due after more than one year
8
(1,696,552)
(1,948,722)
Net (liabilities)/assets
(9,713)
3,496
Capital and reserves
Called up share capital
9
111
111
Share premium
1,617
1,617
Profit and loss account
(11,441)
1,768
Shareholders' funds
(9,713)
3,496
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. 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 14 May 2026 and were signed on its behalf by
John Douglas Hanson Director Company Registration No. 03696676
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Ace Container Services Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Ace Container Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03696676. The registered office is Haigh Park Road, Leeds, West Yorkshire, LS10 1RT, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view. The financial statements have been prepared under the historical cost convention The financial statements are denominated in GBP.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover from rents receivable is recognised on a straight line basis over the term of the lease.
Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment. Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life. Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.
Land & buildings
5% on reducing balance
Plant & machinery
15% on reducing balance and 5% on reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% on cost
- 5 -
Ace Container Services Limited Notes to the Accounts for the year ended 30 June 2025
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Hire purchase and leasing commitments
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and that of directors' personal pension schemes are charged to profit or loss in the period to which they relate.
- 6 -
Ace Container Services Limited Notes to the Accounts for the year ended 30 June 2025
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. All financial assets and liabilities are initially measured at at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value if the future payments discounted at a market rate of interest for a similar debt instrument. The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances. Trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances (being repayable on demand) are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received. Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below. Non financial assets An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Financial assets For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date. Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an Annual General Meeting.
- 7 -
Ace Container Services Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2024
4,424
6,900
2,670
18,150
32,144
At 30 June 2025
4,424
6,900
2,670
18,150
32,144
Depreciation
At 1 July 2024
1,742
43,758
1,518
12,351
59,369
Charge for the year
2,584
-
596
4,721
7,901
Surplus on revaluation
-
(38,027)
-
-
(38,027)
At 30 June 2025
4,326
5,731
2,114
17,072
29,243
Net book value
At 30 June 2025
98
1,169
556
1,078
2,901
At 30 June 2024
2,682
(36,858)
1,152
5,799
(27,225)
5
Investments
Subsidiary undertakings
Other investments
Total
£
£
£
Valuation at 1 July 2024
2,022,639
37,193
2,059,832
Disposals
-
(37,193)
(37,193)
Valuation at 30 June 2025
2,022,639
-
2,022,639
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
45,956
134,988
Deferred tax asset
3,676
4,162
Accrued income and prepayments
-
12,791
49,632
151,941
Amounts falling due after more than one year
Other debtors
137,965
148,524
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
84,171
85,642
Trade creditors
358,066
903,619
Taxes and social security
12,545
29,393
Other creditors
17,131
10,355
Accruals
50,525
56,489
Deferred income
7,060
8,330
529,498
1,093,828
- 8 -
Ace Container Services Limited Notes to the Accounts for the year ended 30 June 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
1,033,443
1,239,683
Other creditors
663,109
709,039
1,696,552
1,948,722
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
89 Ordinary shares of £1 each
89
89
11 A Ordinary shares of £1 each
11
11
11 B Ordinary shares of £1 each
11
11
111
111
10
Average number of employees
During the year the average number of employees was 0 (2024: 10).
- 9 -