We have audited the financial statements of Acme Associates Ltd, which comprise the statement of financial position as at 31 Dec 2025, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and explanatory notes, including significant accounting policies.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of Acme Associates Ltd as at 31 Dec 2025, and of its financial performance and cash flows for the year then ended in accordance with IFRS for SMEs and the Jamaican Companies Act.
W.W. Bailey & Co. · Signed: W.W. Bailey (Partner) (2026-03-01 16:30)
| Assets, Equity and Liabilities | Note / W/P | 2025 | 2024 |
|---|---|---|---|
| Property, plant and equipment | Note 4 / J | 24,707,633.79 | 27,867,921 |
| Inventories | Note 5 / I | 79,977,405.98 | 89,845,924 |
| Trade and other receivables | Note 6 / G | 6,947,266.12 | 42,663,518 |
| Prepayments and deposits | Pre | 4,211,940.8 | 3,922,938 |
| Cash and bank balances | Note 7 / E | 9,380,810.41 | 20,577,143 |
| TOTAL ASSETS | 125,225,057.1 | 184,877,444 | |
| Share capital | N | 2,000 | 2,000 |
| Retained earnings | D3 / N | 77,366,035.03 | 136,191,986 |
| Long-term borrowings | Note 8 / M | 21,884,131.67 | 21,885,481 |
| Trade and other payables | Note 9 / K | 19,913,712.42 | 16,515,462 |
| Taxation payable | Note 10 / P | 6,059,184.98 | 10,282,515 |
| TOTAL EQUITY AND LIABILITIES | 125,225,064.1 | 184,877,444 |
| Line Item | W/P | 2025 | 2024 |
|---|---|---|---|
| Revenue | Q | 650,644,860.02 | 756,860,261 |
| Cost of sales | Q | (434,730,786.1) | (451,450,456) |
| Gross Profit | 215,914,073.92 | 305,409,805 | |
| Administrative and operating expenses | Q | (274,740,025.89) | (272,043,052) |
| Finance costs | M / Q | (0) | (0) |
| Taxation expense | P | (0) | (0) |
| NET PROFIT / TOTAL COMPREHENSIVE INCOME | (58,825,951.97) | 33,366,753 |
| Net cash from operating activities | (14,355,264.47) |
| Net cash from investing activities | 3,160,287.21 |
| Net cash from financing activities | (1,348.33) |
| Net increase / (decrease) in cash | (11,196,325.59) |
| Opening cash and bank balances (2024 Final TB) | 20,577,143 |
| Closing cash and bank balances (2025 Final TB) | 9,380,817.41 |
These financial statements are prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) issued by the IASB under the historical cost convention.