1 January 2023 false No description of principal activity Taxfiler 2024.5 true NI605359business:PrivateLimitedCompanyLtd2023-01-012023-12-31 NI6053592022-12-31 NI6053592023-01-012023-12-31 NI605359business:AuditExemptWithAccountantsReport2023-01-012023-12-31 NI605359business:FilletedAccounts2023-01-012023-12-31 NI6053592023-12-31 NI6053592022-12-31 NI605359core:WithinOneYear2023-12-31 NI605359core:WithinOneYear2022-12-31 NI605359core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI605359core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 NI605359core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI605359core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 NI605359core:PreviouslyStatedAmount2023-12-31 NI605359core:PreviouslyStatedAmount2022-12-31 NI605359business:SmallEntities2023-01-012023-12-31 NI605359business:Director12023-01-012023-12-31 NI605359countries:NorthernIreland2023-01-012023-12-31 NI605359business:RegisteredOffice2023-01-012023-12-31 NI605359core:FurnitureFittings2023-01-012023-12-31 NI605359core:FurnitureFittings2022-12-31 NI605359core:FurnitureFittings2023-12-31 NI605359business:OrdinaryShareClass12023-01-012023-12-31 NI605359business:OrdinaryShareClass12022-01-012022-12-31 NI6053592022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI605359 (Northern Ireland)
Vent Controls Limited Unaudited accounts for the year ended 31 December 2023
Vent Controls Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
896 
1,120 
Current assets
Inventories
3,500 
3,500 
Debtors
99,829 
42,490 
Cash at bank and in hand
(6,893)
4,605 
96,436 
50,595 
Creditors: amounts falling due within one year
(83,738)
(49,687)
Net current assets
12,698 
908 
Net assets
13,594 
2,028 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,593 
2,027 
Shareholders' funds
13,594 
2,028 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 26 February 2024 and were signed on its behalf by
Joesph Cowan Director Company Registration No. NI605359
- 2 -
Vent Controls Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Vent Controls Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI605359. The registered office is 125 Mullan Road, Rasharkin, Ballymena, BT44 8SH.
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.
Going concern
The director believes that Vent Controls Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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:
Fixtures & fittings
20% Reducing Balance
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 rendering of vent control 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.
- 3 -
Vent Controls Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
9,569 
At 31 December 2023
9,569 
Depreciation
At 1 January 2023
8,449 
Charge for the year
224 
At 31 December 2023
8,673 
Net book value
At 31 December 2023
896 
At 31 December 2022
1,120 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,382 
2,160 
Trade debtors
94,447 
35,480 
Other debtors
- 
4,850 
99,829 
42,490 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,446 
38,232 
Trade creditors
19,119 
1,320 
Taxes and social security
22,869 
1,701 
Other creditors
4,989 
4,991 
Loans from directors
3,315 
3,443 
83,738 
49,687 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 4 -