Acorah Software Products - Accounts Production 19.2.450 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 01960580 Mr Charles Salter Ms Bin Zhou Mrs Laurel Holloway Mrs Vivien Salter Mr Deniz Taner Mrs Laurel Holloway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01960580 2025-01-31 01960580 2026-01-31 01960580 2025-02-01 2026-01-31 01960580 frs-core:CurrentFinancialInstruments 2026-01-31 01960580 frs-core:Non-currentFinancialInstruments 2026-01-31 01960580 frs-core:BetweenOneFiveYears 2026-01-31 01960580 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-02-01 2026-01-31 01960580 frs-core:FurnitureFittings 2026-01-31 01960580 frs-core:FurnitureFittings 2025-02-01 2026-01-31 01960580 frs-core:FurnitureFittings 2025-01-31 01960580 frs-core:MotorVehicles 2026-01-31 01960580 frs-core:MotorVehicles 2025-02-01 2026-01-31 01960580 frs-core:MotorVehicles 2025-01-31 01960580 frs-core:OtherResidualIntangibleAssets 2026-01-31 01960580 frs-core:OtherResidualIntangibleAssets 2025-02-01 2026-01-31 01960580 frs-core:OtherResidualIntangibleAssets 2025-01-31 01960580 frs-core:PlantMachinery 2026-01-31 01960580 frs-core:PlantMachinery 2025-02-01 2026-01-31 01960580 frs-core:PlantMachinery 2025-01-31 01960580 frs-core:WithinOneYear 2026-01-31 01960580 frs-core:ShareCapital 2026-01-31 01960580 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 01960580 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 01960580 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 01960580 frs-bus:SmallEntities 2025-02-01 2026-01-31 01960580 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 01960580 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 01960580 frs-bus:Director1 2025-02-01 2026-01-31 01960580 frs-bus:Director2 2025-02-01 2026-01-31 01960580 frs-bus:Director3 2025-02-01 2026-01-31 01960580 frs-bus:Director4 2025-02-01 2026-01-31 01960580 frs-bus:Director5 2025-02-01 2026-01-31 01960580 frs-bus:CompanySecretary1 2025-02-01 2026-01-31 01960580 frs-countries:EnglandWales 2025-02-01 2026-01-31 01960580 2024-01-31 01960580 2025-01-31 01960580 2024-02-01 2025-01-31 01960580 frs-core:CurrentFinancialInstruments 2025-01-31 01960580 frs-core:Non-currentFinancialInstruments 2025-01-31 01960580 frs-core:BetweenOneFiveYears 2025-01-31 01960580 frs-core:WithinOneYear 2025-01-31 01960580 frs-core:ShareCapital 2025-01-31 01960580 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 01960580
ACE Lifts Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
ACE Lifts Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
ACE Lifts Ltd
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: 01960580

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,397,720 |  | 1,372,812
Tangible Assets | 5 |  | 105,729 |  | 65,547
|  |  | 1,503,449 |  | 1,438,359
CURRENT ASSETS
Stocks | 6 | 275,728 |  | 219,848 |
Debtors | 7 | 735,580 |  | 527,508 |
Cash at bank and in hand |  | 24,800 |  | 104,953 |
|  | 1,036,108 |  | 852,309 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,590,352 ) |  | (1,470,779 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (554,244 ) |  | (618,470 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 949,205 |  | 819,889
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (366,239 ) |  | (466,827 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (20,088 ) |  | (11,327 )
NET ASSETS |  |  | 562,878 |  | 341,735
CAPITAL AND RESERVES
Called up share capital | 11 |  | 250 |  | 250
Profit and Loss Account |  |  | 562,628 |  | 341,485
SHAREHOLDERS' FUNDS |  |  | 562,878 |  | 341,735

Page 1
Page 2
ACE Lifts Ltd
Balance Sheet (continued)
As At 31 January 2026
For the year ending 31 January 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Charles Salter Director
16/06/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
ACE Lifts Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
ACE Lifts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01960580 . The registered office is Units 4 & 5, St. Ives Way, Factory Road Sandycroft, Deeside, Flintshire, CH5 2QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets
on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed
where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.4. Research and Development
Expenditure on research and development is capitalised under Intangible assets.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20% Straight line
Motor Vehicles | 20% Straight line
Fixtures & Fittings | 20% Straight line

2.6. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant
rate of return on the balance outstanding.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
ACE Lifts Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Government Grant
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the
profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are
released to the profit and loss account as the related expenditure is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 51 (2025: 33)
51 33
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 February 2025 | 2,342,717
Additions | 146,908
As at 31 January 2026 | 2,489,625
Amortisation
As at 1 February 2025 | 969,905
Provided during the period | 122,000
As at 31 January 2026 | 1,091,905
Net Book Value
As at 31 January 2026 | 1,397,720
As at 1 February 2025 | 1,372,812

Page 4
Page 5
ACE Lifts Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 February 2025 | 85,903 | 187,678 | 69,627 | 343,208
Additions | 12,661 | 56,878 | - | 69,539
Disposals | (68,595 ) | (55,985 ) | (36,518 ) | (161,098 )
As at 31 January 2026 | 29,969 | 188,571 | 33,109 | 251,649
Depreciation
As at 1 February 2025 | 84,572 | 148,123 | 44,966 | 277,661
Provided during the period | 3,268 | 4,740 | 6,564 | 14,572
Disposals | (68,595 ) | (41,200 ) | (36,518 ) | (146,313 )
As at 31 January 2026 | 19,245 | 111,663 | 15,012 | 145,920
Net Book Value
As at 31 January 2026 | 10,724 | 76,908 | 18,097 | 105,729
As at 1 February 2025 | 1,331 | 39,555 | 24,661 | 65,547

6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 232,691 |  | 201,189
Work in progress | 43,037 |  | 18,659
| 275,728 |  | 219,848

7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 673,625 |  | 457,472
Prepayments and accrued income | 46,453 |  | 70,036
Other debtors | 15,502 |  | -
| 735,580 |  | 527,508

Page 5
Page 6
ACE Lifts Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 11,186 |  | -
Trade creditors | 690,326 |  | 370,301
Bank loans and overdrafts | 21,432 |  | 96,879
Other taxes and social security | 103,271 |  | 42,006
VAT | 99,869 |  | 148,766
Other creditors | 7,740 |  | 16,972
Accruals and deferred income | 530,784 |  | 568,044
Directors' loan accounts | 125,744 |  | 227,811
| 1,590,352 |  | 1,470,779

9. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 39,953 |  | -
Bank loans | 1,591 |  | 19,459
Directors loan account | 324,695 |  | 447,368
| 366,239 |  | 466,827

10. Obligations Under Finance Leases and Hire Purchase

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 11,186 |  | -
Later than one year and not later than five years | 39,953 |  | -
| 51,139 |  | -
| 51,139 |  | -

11. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 250 |  | 250

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