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REGISTERED NUMBER: 06975226 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

VENTILAIR UK LTD

VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


VENTILAIR UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: E J Bennett





REGISTERED OFFICE: Unit A6
Hortonwood 10
Telford
Shropshire
TF1 7ES





REGISTERED NUMBER: 06975226 (England and Wales)





ACCOUNTANTS: Grindrod & Company Limited
Salisbury House
11 Queen Street
Wellington
Telford
Shropshire
TF1 1EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VENTILAIR UK LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ventilair Uk Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ventilair Uk Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ventilair Uk Ltd and state those matters that we have agreed to state to the director of Ventilair Uk Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ventilair Uk Ltd and its director for our work or for this report.

It is your duty to ensure that Ventilair Uk Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ventilair Uk Ltd. You consider that Ventilair Uk Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ventilair Uk Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Grindrod & Company Limited
Salisbury House
11 Queen Street
Wellington
Telford
Shropshire
TF1 1EH


5 April 2024

VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,748 29,796

CURRENT ASSETS
Debtors 5 134,460 189,889
Cash at bank 623,223 360,287
757,683 550,176
CREDITORS
Amounts falling due within one year 6 250,765 188,213
NET CURRENT ASSETS 506,918 361,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,666

391,759

CREDITORS
Amounts falling due after more than one
year

7

(57,113

)

(29,272

)

PROVISIONS FOR LIABILITIES (20,937 ) (5,661 )
NET ASSETS 512,616 356,826

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 512,566 356,776
SHAREHOLDERS' FUNDS 512,616 356,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





E J Bennett - Director


VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Ventilair Uk 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 123,004
Additions 68,877
At 31 July 2023 191,881
DEPRECIATION
At 1 August 2022 93,208
Charge for year 14,925
At 31 July 2023 108,133
NET BOOK VALUE
At 31 July 2023 83,748
At 31 July 2022 29,796

VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 August 2022 34,573
Additions 64,000
Transfer to ownership (34,573 )
At 31 July 2023 64,000
DEPRECIATION
At 1 August 2022 23,042
Charge for year 8,000
Transfer to ownership (23,042 )
At 31 July 2023 8,000
NET BOOK VALUE
At 31 July 2023 56,000
At 31 July 2022 11,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 105,212 166,898
Other debtors 29,248 22,991
134,460 189,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,715 9,896
Hire purchase contracts 8,695 -
Trade creditors 133,637 97,476
Taxation and social security 76,608 62,801
Other creditors 22,110 18,040
250,765 188,213

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,431 29,272
Hire purchase contracts 37,682 -
57,113 29,272

VENTILAIR UK LTD (REGISTERED NUMBER: 06975226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 29,146 39,168
Hire purchase contracts 46,377 -
75,523 39,168

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £125,500 (2022 - £129,010) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is the directors of the company who also control the share capital..

The ultimate controlling party is the directors of the company who also control the share capital..