REGISTERED NUMBER: 04264420 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

ACE FREIGHT LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E A Merriman

D P Merriman

SECRETARY:

D P Merriman

REGISTERED OFFICE:

Unit 7 Lombard Trading Estate

51 Anchor And Hope Lane

London

SE7 7SN

REGISTERED NUMBER:

04264420 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

41,500

33,729

CURRENT ASSETS

Stocks

-

1,675

Debtors

5

112,002

120,131

Cash at bank

1,289,864

1,126,597

1,401,866

1,248,403

CREDITORS

Amounts falling due within one year

6

(380,707

)

(303,975

)

NET CURRENT ASSETS

1,021,159

944,428

TOTAL ASSETS LESS CURRENT LIABILITIES

1,062,659

978,157

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,061,659

977,157

SHAREHOLDERS' FUNDS

1,062,659

978,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 4 September 2026 and were signed on its behalf by:

E A Merriman - Director

1.	STATUTORY INFORMATION

Ace Freight Ltd. 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 10 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2025

5,203

12,321

17,810

Additions

-

10,000

-

Disposals

(5,203

)

-

-

At 31 January 2026

-

22,321

17,810

DEPRECIATION

At 1 February 2025

5,110

11,708

15,244

Charge for year

-

2,654

641

Eliminated on disposal

(5,110

)

-

-

At 31 January 2026

-

14,362

15,885

NET BOOK VALUE

At 31 January 2026

-

7,959

1,925

At 31 January 2025

93

613

2,566

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

83,041

51,831

170,206

Additions

18,500

-

28,500

Disposals

(21,500

)

-

(26,703

)

At 31 January 2026

80,041

51,831

172,003

DEPRECIATION

At 1 February 2025

56,247

48,168

136,477

Charge for year

9,622

916

13,833

Eliminated on disposal

(14,697

)

-

(19,807

)

At 31 January 2026

51,172

49,084

130,503

NET BOOK VALUE

At 31 January 2026

28,869

2,747

41,500

At 31 January 2025

26,794

3,663

33,729

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

62,692

72,257

Other debtors

47,477

46,532

Prepayments

1,833

1,342

112,002

120,131

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

532

532

Future freight payments

114,155

107,344

Trade creditors

215,373

116,350

Tax

38,487

70,892

Social security and other taxes

6,338

4,833

VAT

953

256

Other creditors

344

113

Directors' current accounts

1,440

720

Accrued expenses

3,085

2,935

380,707

303,975