Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Ace Contracts (London) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Glibbery

Mrs K J Glibbery

S Glibbery

S J Harmond

SECRETARY:

Mrs K J Glibbery

REGISTERED OFFICE:

146 High Street

Billericay

Essex

CM12 9DF

REGISTERED NUMBER:

04094960 (England and Wales)

ACCOUNTANTS:

Michael Letch & Partners LLP

Accountants

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Tangible assets

4

626,824

649,289

CURRENT ASSETS

Stocks

638,084

594,708

Debtors

5

2,356,907

2,250,866

Cash at bank and in hand

557,457

1,216,353

3,552,448

4,061,927

CREDITORS

Amounts falling due within one year

6

1,889,447

2,405,052

NET CURRENT ASSETS

1,663,001

1,656,875

TOTAL ASSETS LESS CURRENT LIABILITIES

2,289,825

2,306,164

CREDITORS

Amounts falling due after more than one year

7

(157,443

)

(195,518

)

PROVISIONS FOR LIABILITIES

(104,610

)

(96,837

)

NET ASSETS

2,027,772

2,013,809

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,027,672

2,013,709

SHAREHOLDERS' FUNDS

2,027,772

2,013,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

A Glibbery - Director

1.	STATUTORY INFORMATION

Ace Contracts (London) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and Straight line over 15 years

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

136,325

185,333

304,073

Additions

85,360

11,605

16,521

Disposals

-

-

-

At 31 December 2025

221,685

196,938

320,594

DEPRECIATION

At 1 January 2025

97,370

129,575

170,003

Charge for year

14,779

10,104

22,589

Eliminated on disposal

-

-

-

At 31 December 2025

112,149

139,679

192,592

NET BOOK VALUE

At 31 December 2025

109,536

57,259

128,002

At 31 December 2024

38,955

55,758

134,070

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

590,606

194,860

1,411,197

Additions

29,130

7,713

150,329

Disposals

(51,577

)

-

(51,577

)

At 31 December 2025

568,159

202,573

1,509,949

DEPRECIATION

At 1 January 2025

180,059

184,901

761,908

Charge for year

107,435

7,943

162,850

Eliminated on disposal

(41,633

)

-

(41,633

)

At 31 December 2025

245,861

192,844

883,125

NET BOOK VALUE

At 31 December 2025

322,298

9,729

626,824

At 31 December 2024

410,547

9,959

649,289

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

317,562

Additions

29,130

At 31 December 2025

346,692

DEPRECIATION

At 1 January 2025

58,159

Charge for year

72,135

At 31 December 2025

130,294

NET BOOK VALUE

At 31 December 2025

216,398

At 31 December 2024

259,403

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

177,328

126,163

Retentions receivable

16,817

10,777

Amounts owed by group undertakings

1,600,000

2,000,000

Other debtors

471,524

15,796

Prepayments and accrued income

91,238

98,130

2,356,907

2,250,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

61,604

59,305

Payments on account

881,934

1,125,983

Trade creditors

502,890

822,513

Tax

254,217

89,576

Social security and other taxes

169,070

266,987

Other creditors

169

-

Directors' current accounts

9,296

36,432

Accrued expenses

10,267

4,256

1,889,447

2,405,052

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

157,443

195,518

8.	SECURED DEBTS

A fixed and floating charge is held over the company (and all property and assets present, and future) by National Westminster Bank PLC.