Ace 360 Communication Limited

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

1. General Information

Ace 360 Communication Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14098451 . The registered office is Suite 1-3, The Hop Exchange, London, Surrey, SE1 1TY.

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.

The financial statements are presented in pounds sterling (£), which is the company’s functional currency. All amounts are rounded to the nearest £1, unless otherwise stated.⁠

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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	Sraight line - 25%
Computer Equipment	Straight line - 25%

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Ace 360 Communication Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.6. 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.

2.7. Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.8. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2025: 9)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 June 2025	8,841	9,195	18,036
Additions	1,063	5,230	6,293

As at 31 May 2026	9,904	14,425	24,329

...CONTINUED

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Ace 360 Communication Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

Depreciation
As at 1 June 2025	1,757	4,407	6,164
Provided during the period	2,444	2,539	4,983

As at 31 May 2026	4,201	6,946	11,147

Net Book Value
As at 31 May 2026	5,703	7,479	13,182

As at 1 June 2025	7,084	4,788	11,872

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	45,654	41,388

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	25,767	15,372
Bank loans and overdrafts	3,203	-
Other creditors	494	6,851
Taxation and social security	39,787	36,567

	69,251	58,790

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

7. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Deferred taxation	3,295	3,295

Balance at 31 May 2026	3,295	3,295

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Ace 360 Communication Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

9. Ultimate Controlling Party

The company's ultimate controlling party is Angela Martin by virtue of ownership of 100% of the issued share capital in the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,182		11,872

			13,182		11,872
CURRENT ASSETS
Debtors	5	45,654		41,388
Cash at bank and in hand		-		15,064

		45,654		56,452
Creditors: Amounts Falling Due Within One Year	6	(69,251 )		(58,790 )

NET CURRENT ASSETS (LIABILITIES)			(23,597 )		(2,338 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,415 )		9,534

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,295 )		-

NET (LIABILITIES)/ASSETS			(13,710 )		9,534

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(13,810 )		9,434

SHAREHOLDERS' FUNDS			(13,710)		9,534