Company Registration No. 07178449 (England and Wales)
Service Vent Ltd
Unaudited accounts
for the year ended 31 March 2024
Service Vent Ltd
Unaudited accounts
Contents
Service Vent Ltd
Company Information
for the year ended 31 March 2024
Directors
Madeleine Brehme
Anthony Brehme
Company Number
07178449 (England and Wales)
Registered Office
Unit 8 Kingsland Court
Three Bridges Road
Crawley
RH10 1HL
Accountants
Nicola Grobety (MAAT)
Longwood Business Support Ltd
16 Longwood View
Crawley
West Sussex
RH10 6PB
Service Vent Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
5,794
5,736
Cash at bank and in hand
187,907
318,436
Creditors: amounts falling due within one year
(109,305)
(89,614)
Net current assets
365,090
298,107
Total assets less current liabilities
370,884
303,843
Provisions for liabilities
Deferred tax
(1,450)
(1,435)
Net assets
369,434
302,408
Called up share capital
2
2
Profit and loss account
369,432
302,406
Shareholders' funds
369,434
302,408
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Madeleine Brehme
Director
Company Registration No. 07178449
Service Vent Ltd
Notes to the Accounts
for the year ended 31 March 2024
Service Vent Ltd is a private company, limited by shares, registered in England and Wales, registration number 07178449. The registered office is Unit 8 Kingsland Court, Three Bridges Road, Crawley, RH10 1HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Motor vehicles
25% reducing balance
Computer equipment
3 years straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Service Vent Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
966
9,000
2,496
12,462
Additions
2,262
-
374
2,636
At 31 March 2024
3,228
9,000
2,870
15,098
At 1 April 2023
514
3,938
2,274
6,726
Charge for the year
1,076
1,266
236
2,578
At 31 March 2024
1,590
5,204
2,510
9,304
At 31 March 2024
1,638
3,796
360
5,794
At 31 March 2023
452
5,062
222
5,736
Amounts falling due within one year
Trade debtors
41,108
53,840
Accrued income and prepayments
4,262
1,634
Other debtors
240,078
13,811
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
48,690
32,278
Taxes and social security
58,344
46,731
Deferred income
1,121
7,511
7
Deferred taxation
2024
2023
Accelerated capital allowances
1,450
1,435
Provision at start of year
1,435
1,564
Charged/(credited) to the profit and loss account
15
(129)
Provision at end of year
1,450
1,435
Service Vent Ltd
Notes to the Accounts
for the year ended 31 March 2024
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
19,491
8,406
Later than one year and not later than five years
36,203
11,270
9
Average number of employees
During the year the average number of employees was 6 (2023: 8).