REGISTERED NUMBER: 10623869 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2026

for

Ace Drainage & Water Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Akintaro

Mr E Reeves

REGISTERED OFFICE:

Unit 12 Wimbledon Avenue

Brandon

Suffolk

IP27 0NZ

REGISTERED NUMBER:

10623869 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

FIXED ASSETS

Tangible assets

4

82,465

75,269

CURRENT ASSETS

Debtors

5

446,122

264,830

Cash at bank

13,784

50,790

459,906

315,620

CREDITORS

Amounts falling due within one year

6

466,041

277,865

NET CURRENT (LIABILITIES)/ASSETS

(6,135

)

37,755

TOTAL ASSETS LESS CURRENT LIABILITIES

76,330

113,024

CREDITORS

Amounts falling due after more than one year

7

(59,988

)

(63,616

)

PROVISIONS FOR LIABILITIES

(15,668

)

(14,301

)

NET ASSETS

674

35,107

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

574

35,007

674

35,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 1st October 2026 and were signed on its behalf by:

Mr M Akintaro - Director

1.	STATUTORY INFORMATION

Ace Drainage & Water Solutions 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 15 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st March 2025

23,345

101,874

125,219

Additions

6,150

27,196

33,346

Disposals

(1,278

)

-

(1,278

)

At 28th February 2026

28,217

129,070

157,287

DEPRECIATION

At 1st March 2025

12,223

37,727

49,950

Charge for year

2,463

22,836

25,299

Eliminated on disposal

(427

)

-

(427

)

At 28th February 2026

14,259

60,563

74,822

NET BOOK VALUE

At 28th February 2026

13,958

68,507

82,465

At 28th February 2025

11,122

64,147

75,269

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

Motor

vehicles

£

COST

At 1st March 2025

101,874

Additions

17,387

At 28th February 2026

119,261

DEPRECIATION

At 1st March 2025

37,727

Charge for year

20,384

At 28th February 2026

58,111

NET BOOK VALUE

At 28th February 2026

61,150

At 28th February 2025

64,147

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

391,541

207,789

Other debtors

39

39

Tax

53,091

49,182

Prepayments

1,451

7,820

446,122

264,830

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

15,255

10,300

Hire purchase contracts

23,078

17,629

Trade creditors

94,385

64,007

Tax

113,012

101,628

Social security and other taxes

79,401

25,834

VAT

124,242

37,702

Other creditors

1,392

1,746

Directors' loan accounts

13,261

16,949

Accrued expenses

2,015

2,070

466,041

277,865

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more 5 yr by instal

6,503

2,796

Hire purchase contracts

53,485

60,820

59,988

63,616

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,503

2,796

8.

RESERVES

Retained

earnings

£

At 1st March 2025

35,007

Profit for the year

191,567

Dividends

(226,000

)

At 28th February 2026

574

9.	ULTIMATE CONTROLLING PARTY