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Company Registration No. 07805308 (England and Wales)
ACES AND ASSOCIATES LTD Unaudited accounts for the year ended 31 October 2025
ACES AND ASSOCIATES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
ACES AND ASSOCIATES LTD Company Information for the year ended 31 October 2025
Directors
Abimbola Kolawole Simon Kolawole
Secretary
Abimbola Kolawole
Company Number
07805308 (England and Wales)
Registered Office
2 Newcombe Gardens Streatham London SW16 2TZ United Kingdom
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
- 3 -
ACES AND ASSOCIATES LTD Accountants' report
Accountants' report to the board of directors of ACES AND ASSOCIATES LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACES AND ASSOCIATES LTD for the year ended 31 October 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ACES AND ASSOCIATES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ACES AND ASSOCIATES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACES AND ASSOCIATES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACES AND ASSOCIATES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ACES AND ASSOCIATES LTD. You consider that ACES AND ASSOCIATES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ACES AND ASSOCIATES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 30 July 2026
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ACES AND ASSOCIATES LTD Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
31,805 
34,986 
Investments
5
30,150 
30,150 
61,955 
65,136 
Current assets
Debtors
6
25,711 
25,711 
Cash at bank and in hand
182,552 
95,447 
208,263 
121,158 
Creditors: amounts falling due within one year
7
(238,674)
(159,345)
Net current liabilities
(30,411)
(38,187)
Total assets less current liabilities
31,544 
26,949 
Creditors: amounts falling due after more than one year
8
(1,009)
(16,009)
Net assets
30,535 
10,940 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
30,435 
10,840 
Shareholders' funds
30,535 
10,940 
For the year ending 31 October 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 30 July 2026 and were signed on its behalf by
Abimbola Kolawole Director Company Registration No. 07805308
- 5 -
ACES AND ASSOCIATES LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
ACES AND ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 07805308. The registered office is 2 Newcombe Gardens, Streatham , London, SW16 2TZ, 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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25
Motor vehicles
25
Fixtures & fittings
20
Computer equipment
25
Other tangible fixed assets
10
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 6 -
ACES AND ASSOCIATES LTD Notes to the Accounts for the year ended 31 October 2025
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company. The directors held an equal shareholding in the company previoulsy and up to date of reporting.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 November 2024
1 
4,836 
38,800 
6,972 
63,448 
114,057 
Additions
- 
- 
- 
4,727 
- 
4,727 
At 31 October 2025
1 
4,836 
38,800 
11,699 
63,448 
118,784 
Depreciation
At 1 November 2024
- 
3,306 
26,861 
3,222 
45,682 
79,071 
Charge for the year
- 
383 
2,985 
848 
3,692 
7,908 
At 31 October 2025
- 
3,689 
29,846 
4,070 
49,374 
86,979 
Net book value
At 31 October 2025
1 
1,147 
8,954 
7,629 
14,074 
31,805 
At 31 October 2024
1 
1,530 
11,939 
3,750 
17,766 
34,986 
5
Investments
Other investments 
£ 
Valuation at 1 November 2024
30,150 
Valuation at 31 October 2025
30,150 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,211 
25,211 
Amounts due from group undertakings etc.
500 
500 
25,711 
25,711 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
231,454 
149,790 
Taxes and social security
5,513 
6,497 
Other creditors
93 
1,444 
Accruals
1,614 
1,614 
238,674 
159,345 
- 7 -
ACES AND ASSOCIATES LTD Notes to the Accounts for the year ended 31 October 2025
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,009 
16,009 
9
Average number of employees
During the year the average number of employees was 17 (2024: 17).
- 8 -