Silverfin false 31/01/2023 01/02/2022 31/01/2023 C A Baker 17/10/2018 L D N Jones 27/11/2019 T A Jones 27/11/2019 26 October 2023 The principal activity of the Company during the financial year was that of a dormant company. 08861308 2023-01-31 08861308 bus:Director1 2023-01-31 08861308 bus:Director2 2023-01-31 08861308 bus:Director3 2023-01-31 08861308 2022-01-31 08861308 core:CurrentFinancialInstruments 2023-01-31 08861308 core:CurrentFinancialInstruments 2022-01-31 08861308 core:Non-currentFinancialInstruments 2023-01-31 08861308 core:Non-currentFinancialInstruments 2022-01-31 08861308 core:ShareCapital 2023-01-31 08861308 core:ShareCapital 2022-01-31 08861308 core:RetainedEarningsAccumulatedLosses 2023-01-31 08861308 core:RetainedEarningsAccumulatedLosses 2022-01-31 08861308 core:PlantMachinery 2022-01-31 08861308 core:ComputerEquipment 2022-01-31 08861308 core:PlantMachinery 2023-01-31 08861308 core:ComputerEquipment 2023-01-31 08861308 2022-02-01 2023-01-31 08861308 bus:FullAccounts 2022-02-01 2023-01-31 08861308 bus:SmallEntities 2022-02-01 2023-01-31 08861308 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08861308 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08861308 bus:Director1 2022-02-01 2023-01-31 08861308 bus:Director2 2022-02-01 2023-01-31 08861308 bus:Director3 2022-02-01 2023-01-31 08861308 core:PlantMachinery 2022-02-01 2023-01-31 08861308 core:ComputerEquipment 2022-02-01 2023-01-31 08861308 2021-02-01 2022-01-31 08861308 core:Non-currentFinancialInstruments 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: 08861308 (England and Wales)

VENT FIRE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

VENT FIRE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

VENT FIRE LIMITED

BALANCE SHEET

As at 31 January 2023
VENT FIRE LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,628 3,504
2,628 3,504
Current assets
Debtors 4 0 58,616
Cash at bank and in hand 1,450 597
1,450 59,213
Creditors: amounts falling due within one year 5 ( 18,486) ( 33,996)
Net current (liabilities)/assets (17,036) 25,217
Total assets less current liabilities (14,408) 28,721
Creditors: amounts falling due after more than one year 6 ( 25,000) ( 35,000)
Net liabilities ( 39,408) ( 6,279)
Capital and reserves
Called-up share capital 3 3
Profit and loss account ( 39,411 ) ( 6,282 )
Total shareholders' deficit ( 39,408) ( 6,279)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Vent Fire Limited (registered number: 08861308) were approved and authorised for issue by the Director on 26 October 2023. They were signed on its behalf by:

L D N Jones
Director
VENT FIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
VENT FIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vent Fire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 16c&16f Chalwyn Industrial Estate, St Clements Rd, Poole, BH12 4PE.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Despite the balance sheet showing an excess of net liabilities, the accounts have been prepared on a going concern basis due to ongoing financial support of the directors.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 February 2022 3,018 6,437 9,455
At 31 January 2023 3,018 6,437 9,455
Accumulated depreciation
At 01 February 2022 1,613 4,338 5,951
Charge for the financial year 351 525 876
At 31 January 2023 1,964 4,863 6,827
Net book value
At 31 January 2023 1,054 1,574 2,628
At 31 January 2022 1,405 2,099 3,504

4. Debtors

2023 2022
£ £
Trade debtors 0 22,616
Other debtors 0 36,000
0 58,616

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors ( 1) 66
Amounts owed to Group undertakings 8,535 11,993
Other taxation and social security ( 48) 11,937
18,486 33,996

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 25,000 35,000

There are no amounts included above in respect of which any security has been given by the small entity.