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REGISTERED NUMBER: 06480581 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

VENTILATION SPECIAL SERVICES
LIMITED

VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTILATION SPECIAL SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr JW Tye
Mrs LE Tye





REGISTERED OFFICE: Unit 2 Harrison Road
Airfield Business Park
Market Harborough
Leicestershire
LE16 7UL





REGISTERED NUMBER: 06480581 (England and Wales)

VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 288,699 218,413

CURRENT ASSETS
Stocks 18,327 15,366
Debtors 5 333,314 470,606
Cash at bank 55,985 32,159
407,626 518,131
CREDITORS
Amounts falling due within one year 6 280,759 317,363
NET CURRENT ASSETS 126,867 200,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,566

419,181

CREDITORS
Amounts falling due after more than one
year

7

(213,420

)

(173,249

)

PROVISIONS FOR LIABILITIES (32,884 ) (16,218 )
NET ASSETS 169,262 229,714

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 169,260 229,712
169,262 229,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

BALANCE SHEET - continued
31 JANUARY 2024


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 17 September 2024 and were signed on its behalf by:




Mr JW Tye - Director



Mrs LE Tye - Director


VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Ventilation Special 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on the provision of the service; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using an effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 50,000 9,085 308,895 367,980
Additions - 1,457 257,214 258,671
Disposals - - (176,840 ) (176,840 )
At 31 January 2024 50,000 10,542 389,269 449,811
DEPRECIATION
At 1 February 2023 20,000 7,084 122,483 149,567
Charge for year 10,000 780 84,166 94,946
Eliminated on disposal - - (83,401 ) (83,401 )
At 31 January 2024 30,000 7,864 123,248 161,112
NET BOOK VALUE
At 31 January 2024 20,000 2,678 266,021 288,699
At 31 January 2023 30,000 2,001 186,412 218,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 289,331 347,935
Other debtors 43,983 122,671
333,314 470,606

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 47,542 45,325
Trade creditors 147,123 171,068
Taxation and social security 69,009 84,165
Other creditors 7,085 6,805
280,759 317,363

VENTILATION SPECIAL SERVICES
LIMITED (REGISTERED NUMBER: 06480581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 200,087 149,916
213,420 173,249

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr JW Tye
Balance outstanding at start of year 59,299 (2,045 )
Amounts advanced 256,446 247,045
Amounts repaid (315,769 ) (185,701 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24 ) 59,299

The loans are repayable on demand and interest has been charged at HM Revenue and Custom's official rate.