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REGISTERED NUMBER: 05560432 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

CLEAN VENT SERVICES LIMITED

CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEAN VENT SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Reynolds
R Lowe





REGISTERED OFFICE: 53 Percy Street
Sheffield
South Yorkshire
S3 8BT





REGISTERED NUMBER: 05560432 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,760 9,438

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 111,671 118,859
Cash at bank and in hand 16,493 24,918
130,664 146,277
CREDITORS
Amounts falling due within one year 6 124,056 148,066
NET CURRENT ASSETS/(LIABILITIES) 6,608 (1,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,368

7,649

CREDITORS
Amounts falling due after more than one
year

7

(18,333

)

(28,333

)

PROVISIONS FOR LIABILITIES (2,190 ) (1,793 )
NET LIABILITIES (5,155 ) (22,477 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 4,485 4,485
Retained earnings (9,740 ) (27,062 )
SHAREHOLDERS' FUNDS (5,155 ) (22,477 )

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

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

The directors acknowledge their 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.

CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 21 May 2024 and were signed on its behalf by:





J Reynolds - Director


CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)

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

1. STATUTORY INFORMATION

Clean Vent Services Limited 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises the invoiced value of construction industry contract services, excluding value added tax. Turnover is recognised in accordance with the contract terms, with contracts ongoing over the year end treated in accordance with the accounting policy set out below under the heading "stock and work in progress".

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stock and work in progress
Stock, which comprises ductwork supplies, is valued at cost. Cost is calculated using the first in, first out formula.

Contract work in progress is stated at cost, net of amounts transferred to cost of sales, less any foreseeable losses and progress payments received and receivable, not matched with turnover. A foreseeable loss is that which is currently estimated to arise over the duration of any contract, irrespective of the amount of work carried out at the balance sheet date.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the accounting date. Profit on long term contracts is recognised in the profit and loss account as the difference between the reported turnover, and the related costs.


CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 5,685 4,140 46,975 56,800
Additions - 1,768 - 1,768
At 31 December 2023 5,685 5,908 46,975 58,568
DEPRECIATION
At 1 January 2023 5,107 2,934 39,321 47,362
Charge for year 87 446 1,913 2,446
At 31 December 2023 5,194 3,380 41,234 49,808
NET BOOK VALUE
At 31 December 2023 491 2,528 5,741 8,760
At 31 December 2022 578 1,206 7,654 9,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 97,835 73,120
Amounts recoverable on
contracts - 17,875
Other debtors 12,333 16,823
Corporation tax - 6,228
VAT 1,503 4,813
111,671 118,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Payments on account 6,025 4,081
Trade creditors 98,092 117,993
Corporation tax 6,290 -
Other creditors 1,199 467
Accrued expenses 2,450 15,525
124,056 148,066

CLEAN VENT SERVICES LIMITED (REGISTERED NUMBER: 05560432)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,333 28,333

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 13,000 13,000