Company Overview
Ace Records Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 16 June 1981, so this is a well established company. Ace Records Limited has been in business for 44 years and 9 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Ace Records Building, Such Close, Letchworth Garden City, SG6 1JF
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Companies House Data
Company NameACE RECORDS LIMITED
Company Number01568303
Registered Office AddressAce Records Building
 Such Close
 SG6 1JF
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date16/06/1981
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date28/01/2017
Returns Last Made Up Date31/12/2015
Directors & Members
Show Resigned
Christopher Lines - Director
(British, 56 years old, born May 1970)
Appointed 19 March 2024
 Active
Neil Scaplehorn - Director
(British, 51 years old, born November 1975)
Appointed 13 January 2022
 Active
Secretaries
Show Resigned
Robert Butterworth - Secretary
Appointed 19 March 2024
 Active
Other Company Directorships
Christopher Lines
ACE RECORDS MANAGEMENT LIMITED
GRAND UNION LIMITED
Neil Scaplehorn
ACE RECORDS MANAGEMENT LIMITED
BUS STOP MAIL ORDER LIMITED
GRAND UNION LIMITED
SOUTHWOOD HOUSE ESTATE RESIDENTS COMPANY LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2022 31-Mar-2021
Balance Sheet
Fixed Assets 27,786 27,786 40,355
Current Assets 1,857,204 1,857,204 1,549,298
Creditors Due Within One Year 628,285 628,285 1,469,915
Working Cap 1,228,919 1,228,919 79,383
Total Assets Less Current Liabilities 1,256,705 1,256,705 119,738
Long-term Liabilities 1,359,266 1,359,266 0
Net Assets -102,561 -102,561 119,738
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -102,561 -102,561 119,738
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2022 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 1.5% 1.5% 2.5%
Stocks Inventory - - -
Debtors 28.8% 28.8% 33.7%
Cash Bank In Hand 44.3% 44.3% 31.3%
Current Assets 98.5% 98.5% 97.5%
Creditors Due Within One Year 33.3% 33.3% 92.5%
Net Current Assets Liabilities 65.2% 65.2% 5.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -5.4% -5.4% 7.5%
Capital Employed - - -
Total Assets Less Current Liabilities 66.7% 66.7% 7.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2022 31-Mar-2021
Liquidity Ratio 3.0 3.0 1.1
Solvency Ratio 0.9 0.9 1.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 8
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 7
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2022 31-Mar-2021
Assets 1,884,990 1,884,990 1,589,653
Debt 1,987,551 1,987,551 1,469,915
Net Assets/Debt -102,561 -102,561 119,738

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 31 December 2025 with no updates
Confirmation statement made on 31 December 2024 with no updates
Appointment of Mr Christopher John Lines as a director on 19 March 2024
Termination of appointment of Damon Vallero as a secretary on 19 March 2024
Appointment of Mr Robert James Butterworth as a secretary on 19 March 2024
Termination of appointment of Damon Walter Vallero as a director on 19 March 2024
Confirmation statement made on 31 December 2023 with no updates
Confirmation statement made on 31 December 2022 with updates
Registered office address changed from 42 - 50 Steele Road London NW10 7AS to Ace Records Building Such Close Letchworth Garden City SG6 1JF on 5 May 2022
Registration of charge 015683030008, created on 23 March 2022
Cancellation of shares. Statement of capital on 13 January 2022
Appointment of Mr Neil Alan Scaplehorn as a director on 13 January 2022
Appointment of Mr Damon Walter Vallero as a director on 13 January 2022
Termination of appointment of David John Philip Carroll as a director on 13 January 2022
Termination of appointment of Trevor Anthony John Churchill as a director on 13 January 2022
Termination of appointment of Roger Colin Armstrong as a director on 13 January 2022
Appointment of Mr Damon Vallero as a secretary on 13 January 2022
Termination of appointment of Trevor Anthony John Churchill as a secretary on 13 January 2022
Confirmation statement made on 31 December 2021 with no updates
Notification of Ace Reords Management Limited as a person with significant control on 22 July 2021
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