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Registered number: 09762187
Allducts Ventilation Services Limited
Financial Statements
For The Year Ended 31 March 2024
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09762187
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,281 129,144
81,281 129,144
CURRENT ASSETS
Stocks 5 575,471 -
Debtors 6 214,917 428,690
Cash at bank and in hand 414,571 282,407
1,204,959 711,097
Creditors: Amounts Falling Due Within One Year 7 (225,797 ) (82,005 )
NET CURRENT ASSETS (LIABILITIES) 979,162 629,092
TOTAL ASSETS LESS CURRENT LIABILITIES 1,060,443 758,236
Creditors: Amounts Falling Due After More Than One Year 8 (146,949 ) (185,295 )
NET ASSETS 913,494 572,941
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 913,492 572,939
SHAREHOLDERS' FUNDS 913,494 572,941
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darren O'Brien
Director
Mr Denny Skingle
Director
18/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Allducts Ventilation Services Limited Registered number 09762187 is a limited by shares company incorporated in England & Wales. The Registered Office is 92 Friern Gardens, Wickford, Essex, SS12 0HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Computer Equipment 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 60,536 133,653 2,012 196,201
As at 31 March 2024 60,536 133,653 2,012 196,201
Depreciation
As at 1 April 2023 32,600 33,413 1,044 67,057
Provided during the period 14,127 33,414 322 47,863
As at 31 March 2024 46,727 66,827 1,366 114,920
Net Book Value
As at 31 March 2024 13,809 66,826 646 81,281
As at 1 April 2023 27,936 100,240 968 129,144
5. Stocks
2024 2023
£ £
Work in progress 575,471 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 68,517 297,689
Amounts recoverable on contracts 92,330 92,330
VAT 54,070 38,671
214,917 428,690
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 728
Corporation tax 172,522 51,254
Other taxes and social security 36,468 19,016
Business Credit Card (Current liabilities - creditors < 1 year) 2,451 5,199
Other creditors (1) 7,434 2,294
Accruals and deferred income 5,390 900
Directors' loan accounts 1,531 2,614
225,797 82,005
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 125,282 153,628
Bank loans 21,667 31,667
146,949 185,295
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 125,282 153,628
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 132,000 84,000
13. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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