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Company No: 00781883 (England and Wales)

# ACE OFFICE ENVIRONMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

ACE OFFICE ENVIRONMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

ACE OFFICE ENVIRONMENTS LIMITED

## BALANCE SHEET

As at 31 December 2025
ACE OFFICE ENVIRONMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 1,829,610 |  | 1,540,058
|  | 1,829,610 |  | 1,540,058
Current assets |  |  |  |
Stocks | 6 | 244,438 |  | 322,972
Debtors | 7 | 464,765 |  | 388,297
Cash at bank and in hand |  | 5,523 |  | 8,528
|  | 714,726 |  | 719,797
Creditors: amounts falling due within one year | 8 | ( 718,616) |  | ( 638,811)
Net current (liabilities)/assets |  | (3,890) |  | 80,986
Total assets less current liabilities |  | 1,825,720 |  | 1,621,044
Creditors: amounts falling due after more than one year | 9 | ( 148,780) |  | ( 163,345)
Net assets |  | 1,676,940 |  | 1,457,699
Capital and reserves |  |  |  |
Called-up share capital | 10 | 6,000 |  | 6,000
Revaluation reserve |  | 701,379 |  | 401,379
Profit and loss account |  | 969,561 |  | 1,050,320
Total shareholders' funds |  | 1,676,940 |  | 1,457,699

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 Office Environments Limited (registered number: 00781883) were approved and authorised for issue by the Board of Directors on 31 July 2026. They were signed on its behalf by:

A J E Carter Director |

ACE OFFICE ENVIRONMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
ACE OFFICE ENVIRONMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 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 year, unless otherwise stated.

##### General information and basis of accounting

Ace Office Environments 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 C/O FRP ADVISORY TRADING LIMITED, 3rd Floor, 2 Charlotte Place, Southampton, SO14 0TB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

##### Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers. Turnover is recognised at the point of despatch to the customer.

##### Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment

##### 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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

##### 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 and reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 20 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 20 |  | 21

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 111,807 |  | 111,807
At 31 December 2025 | 111,807 |  | 111,807
Accumulated amortisation |  |  |
At 01 January 2025 | 111,807 |  | 111,807
At 31 December 2025 | 111,807 |  | 111,807
Net book value |  |  |
At 31 December 2025 | 0 |  | 0
At 31 December 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 January 2025 | 1,973,651 |  | 207,752 |  | 79,522 |  | 64,612 |  | 283,832 |  | 2,609,369
Additions | 0 |  | 0 |  | 0 |  | 0 |  | 928 |  | 928
Revaluations | 300,000 |  | 0 |  | 0 |  | 0 |  | 0 |  | 300,000
At 31 December 2025 | 2,273,651 |  | 207,752 |  | 79,522 |  | 64,612 |  | 284,760 |  | 2,910,297
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 January 2025 | 473,650 |  | 173,952 |  | 79,522 |  | 62,380 |  | 279,807 |  | 1,069,311
Charge for the financial year | 0 |  | 7,106 |  | 0 |  | 1,878 |  | 2,392 |  | 11,376
At 31 December 2025 | 473,650 |  | 181,058 |  | 79,522 |  | 64,258 |  | 282,199 |  | 1,080,687
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 December 2025 | 1,800,001 |  | 26,694 |  | 0 |  | 354 |  | 2,561 |  | 1,829,610
At 31 December 2024 | 1,500,001 |  | 33,800 |  | 0 |  | 2,232 |  | 4,025 |  | 1,540,058

#### 5. Fixed asset investments

Investments in shares

Name of entity | Registered office | Principal activity | Class of shares | Ownership 31.12.2025 | Ownership 31.12.2024
Palmerston Stationers (Wholesale) Limited | Emberton House, Yeomans Way, Bournemouth, Dorset, BH8 0BP | Dormant | Ordinary | 100.00% | 100.00%
Home Business Centre Limited | Emberton House, Yeomans Way, Bournemouth, Dorset, BH8 0BP | Dormant | Ordinary | 100.00% | 100.00%
Ergonomic Office Furniture Limited | Emberton House, Yeomans Way, Bournemouth, Dorset, BH8 0BP | Dormant | Ordinary | 100.00% | 100.00%
Office @ Home Limited | Emberton House, Yeomans Way, Bournemouth, Dorset, BH8 0BP | Dormant | Ordinary | 100.00% | 100.00%

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 244,438 |  | 322,972

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 438,424 |  | 353,409
Corporation tax | 0 |  | 10,440
Other debtors | 26,341 |  | 24,448
| 464,765 |  | 388,297

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 193,609 |  | 121,411
Trade creditors | 401,241 |  | 439,093
Other taxation and social security | 63,829 |  | 44,362
Other creditors | 59,937 |  | 33,945
| 718,616 |  | 638,811

Creditors include bank loans which are secured £193,609 (2024 - £121,411).

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 148,780 |  | 163,345

Creditors include bank loans and overdrafts which are secured of £143,780 (2024 - £158,345).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans | 98,264 |  | 109,216

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
3,790 Ordinary A shares of £ 1.00 each | 3,790 |  | 3,790
2,200 Ordinary B shares of £ 1.00 each | 2,200 |  | 2,200
10 Ordinary C shares of £ 1.00 each | 10 |  | 10
| 6,000 |  | 6,000