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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
Page
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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
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Service Vent Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,794 
5,736 
Current assets
Debtors
286,488 
69,285 
Cash at bank and in hand
187,907 
318,436 
474,395 
387,721 
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 
Capital and reserves
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
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Service Vent Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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.
Financial instruments
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.
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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 
Depreciation
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 
Net book value
At 31 March 2024
1,638 
3,796 
360 
5,794 
At 31 March 2023
452 
5,062 
222 
5,736 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,040 
- 
Trade debtors
41,108 
53,840 
Accrued income and prepayments
4,262 
1,634 
Other debtors
240,078 
13,811 
286,488 
69,285 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,877 
Trade creditors
48,690 
32,278 
Taxes and social security
58,344 
46,731 
Other creditors
250 
417 
Accruals
900 
800 
Deferred income
1,121 
7,511 
109,305 
89,614 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,450 
1,435 
2024 
2023 
£ 
£ 
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 
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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 
55,694 
19,676 
9
Average number of employees
During the year the average number of employees was 6 (2023: 8).
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