Ace Design & Development Limited

Ace Design & Development Limited
Contents Page
For the year ended 31 July 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Ace Design & Development Limited Accountants' Report For the year ended 31 July 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 July 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. VELLENDER LEWIS ACCOUNTANTS LIMITED 31 July 2025 .................................................... VELLENDER LEWIS ACCOUNTANTS LIMITED 4 CAPRICORN CENTRE CRANES FARM ROAD Basildon SS14 3JJ 20 July 2026 1

Ace Design & Development Limited
Accountants' Report
For the year ended 31 July 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
VELLENDER LEWIS ACCOUNTANTS LIMITED
31 July 2025

....................................................

VELLENDER LEWIS ACCOUNTANTS LIMITED
4 CAPRICORN CENTRE
CRANES FARM ROAD
Basildon
SS14 3JJ
20 July 2026

1

Ace Design & Development Limited
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	9,455	11,124
		9,455	11,124
Current assets
Debtors		19,192	19,464
Cash at bank and in hand		(488)	(1,962)
		18,704	17,502
Creditors: amount falling due within one year		(13,102)	(11,897)
Net current assets		5,602	5,605

Total assets less current liabilities		15,057	16,729
Creditors: amount falling due after more than one year		(12,787)	(16,492)
Provisions for liabilities		(1,797)	(2,114)
Net assets		473	(1,877)

Capital and reserves
Called up share capital		1	1
Profit and loss account		472	(1,878)
Shareholders' funds		473	(1,877)

For the year ended 31 July 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 accounts for the year in question 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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 20 July 2026 and were signed by:

-------------------------------
Karl Rank
Director

2

Ace Design & Development Limited
Notes to the Abridged Financial Statements
For the year ended 31 July 2025

General Information

Ace Design & Development Limited is a private company, limited by shares, registered in , registration number 05173842, registration address 10 Goldington Crescent, Essex, CM12 0QJ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

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.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	15 Reducing Balance
Fixtures and Fittings	15 Reducing Balance
Computer Equipment	15 Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees The company had 1 employee during the financial year. Average number of employees during the year was 1 (2024 : 1).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 August 2024	17,000	17,000
Additions	-	-
Disposals	-	-
At 31 July 2025	17,000	17,000
Amortisation
At 01 August 2024	17,000	17,000
Charge for year	-	-
On disposals	-	-
At 31 July 2025	17,000	17,000
Net book values
At 31 July 2025	-	-
At 31 July 2024	-	-

4.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 August 2024	10,995	4,861	17,919	33,775
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 July 2025	10,995	4,861	17,919	33,775
Depreciation
At 01 August 2024	3,051	2,625	16,975	22,651
Charge for year	1,192	335	142	1,669
On disposals	-	-	-	-
At 31 July 2025	4,243	2,960	17,117	24,320
Net book values
Closing balance as at 31 July 2025	6,752	1,901	802	9,455
Opening balance as at 01 August 2024	7,944	2,236	944	11,124

3


Registered Number: 05173842

ACE DESIGN & DEVELOPMENT LIMITED

Abridged Accounts

Period of accounts Start date: 01 August 2024 End date: 31 July 2025