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REGISTERED NUMBER: 11156399 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Ventilation and Water Compliance Ltd

Ventilation and Water Compliance Ltd (Registered number: 11156399)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ventilation and Water Compliance Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: S A Davis





REGISTERED OFFICE: Unit 2 Cambria Close
Canvey Island
Essex
SS8 0JX





REGISTERED NUMBER: 11156399 (England and Wales)





ACCOUNTANTS: Eden Bookkeeping Solutions Ltd
International House
International Business Park
Charfleets Road
Canvey Island
Essex
SS8 0PQ

Ventilation and Water Compliance Ltd (Registered number: 11156399)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,417 25,525

CURRENT ASSETS
Stocks 4,500 6,000
Debtors 5 104,262 150,161
Cash at bank and in hand 10,505 1,141
119,267 157,302
CREDITORS
Amounts falling due within one year 6 235,997 208,249
NET CURRENT LIABILITIES (116,730 ) (50,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,313

)

(25,422

)

CREDITORS
Amounts falling due after more than one
year

7

18,361

66,668
NET LIABILITIES (115,674 ) (92,090 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (115,774 ) (92,190 )
(115,674 ) (92,090 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ventilation and Water Compliance Ltd (Registered number: 11156399)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 16 October 2023 and were signed by:





S A Davis - Director


Ventilation and Water Compliance Ltd (Registered number: 11156399)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Ventilation and Water Compliance 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
The financial statements have been prepared on a going concern basis. This assumes that the company will continue in existence for the foreseeable future.

The validity of this assumption depends on the continued financial support of the directors and creditors.

If the company were unable to continue in operational existence, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for any further liabilities that might arise and to reclassify fixed assets as current assets. Long term liabilities would also have to be reclassified as current liabilities.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

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% Reducing balance
Fixtures and fittings - 33% Reducing balance
Motor vehicles - 25% Reducing balance
Improvements to property - 20% 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.

Ventilation and Water Compliance Ltd (Registered number: 11156399)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 49,063
DEPRECIATION
At 1 February 2022 23,538
Charge for year 6,108
At 31 January 2023 29,646
NET BOOK VALUE
At 31 January 2023 19,417
At 31 January 2022 25,525

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Other debtors 24,910 80,681

Amounts falling due after more than one year:
Trade debtors 67,579 48,959
Other debtors 11,773 20,521
79,352 69,480

Aggregate amounts 104,262 150,161

Ventilation and Water Compliance Ltd (Registered number: 11156399)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 42,263 15,113
Trade creditors 24,850 29,130
Taxation and social security 79,105 48,625
Other creditors 89,779 115,381
235,997 208,249

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 18,361 66,668

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
S A Davis
Balance outstanding at start of year 40,340 40,340
Amounts advanced 39,705 -
Amounts repaid (49,623 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,422 40,340

9. ULTIMATE CONTROLLING PARTY

The controlling party is S A Davis.

The controlling party is S A Davis due to his majority shareholding and directorship.