Company No: 08846976 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Nishay Gandesha

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

08846976 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	23.03.2025		23.03.2024
		£		£
Fixed assets
Tangible assets	3	5,303		5,062
Investments	4	289,460		255,660
		294,763		260,722
Current assets
Stocks		129,898		163,938
Debtors	5	1,417,833		644,999
Cash at bank and in hand		37,141		35,417
		1,584,872		844,354
Creditors: amounts falling due within one year	6	( 1,342,628)		( 839,575)
Net current assets		242,244		4,779
Total assets less current liabilities		537,007		265,501
Net assets		537,007		265,501
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		536,007		264,501
Total shareholders' funds		537,007		265,501

For the financial year ending 23 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ACE Parfums Limited (registered number: 08846976) were approved and authorised for issue by the Director on 09 July 2026. They were signed on its behalf by:

Nishay Gandesha Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

ACE Parfums Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Fixtures and fittings	4 years straight line
Computer equipment	25 % reducing balance

Fixed asset investments

Fixed asset investment relates to watches held by the company as investments at historical cost less provision for diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

	Year ended 23.03.2025		Period from 01.04.2023 to 23.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 24 March 2024	2,646		1,140		6,544		10,330
Additions	758		0		1,311		2,069
At 23 March 2025	3,404		1,140		7,855		12,399
Accumulated depreciation
At 24 March 2024	1,302		570		3,396		5,268
Charge for the financial year	510		285		1,033		1,828
At 23 March 2025	1,812		855		4,429		7,096
Net book value
At 23 March 2025	1,592		285		3,426		5,303
At 23 March 2024	1,344		570		3,148		5,062

4. Fixed asset investments

	23.03.2025		23.03.2024
	£		£
Other investments and loans	289,460		255,660

5. Debtors

	23.03.2025		23.03.2024
	£		£
Trade debtors	40,155		240,338
Amounts owed by connected companies	924,363		333,868
Amounts owed by related parties	216,989		50,172
Corporation tax	46,326		0
Other debtors	190,000		20,621
	1,417,833		644,999

6. Creditors: amounts falling due within one year

	23.03.2025		23.03.2024
	£		£
Trade creditors	252,886		497,323
Amounts owed to connected companies	489,687		0
Taxation and social security	109,758		227,653
Other creditors	490,297		114,599
	1,342,628		839,575

7. Related party transactions

Transactions with the entity's director

	23.03.2025		23.03.2024
	£		£
Amounts Advanced	544,108		202,316
Amounts Repaid	(388,719)		(179,098)

At the year end the balance owing to the company was £173,963 (2024 - £18,646 ). Interest is charged in loans at the official rate set by HMRC. The loan to the directors are repayable on demand.