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VENTILATION WAREHOUSE (EUROPE) LTD

Registered Number
11327777
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

VENTILATION WAREHOUSE (EUROPE) LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

BULLON, Adam Christopher
LOMAS, Brendan
ROONEY, Thomas

Registered Address

Unit 5a&B Zone 2 Ring Road
Burntwood Business Park
Burntwood
WS7 3JQ

Registered Number

11327777 (England and Wales)
VENTILATION WAREHOUSE (EUROPE) LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3307,480374,446
307,480374,446
Current assets
Stocks124,675195,210
Debtors1,061,9701,043,088
Cash at bank and on hand108,38473,975
1,295,0291,312,273
Creditors amounts falling due within one year4(1,069,963)(1,192,922)
Net current assets (liabilities)225,066119,351
Total assets less current liabilities532,546493,797
Creditors amounts falling due after one year(109,873)(155,816)
Provisions for liabilities(81,221)(88,546)
Net assets341,452249,435
Capital and reserves
Called up share capital100100
Profit and loss account341,352249,335
Shareholders' funds341,452249,435
The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2025, and are signed on its behalf by:
ROONEY, Thomas
Director
Registered Company No. 11327777
VENTILATION WAREHOUSE (EUROPE) LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1212
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 23480,072
Additions27,388
At 30 April 24502,210
Depreciation and impairment
At 01 May 23105,626
Charge for year94,354
At 30 April 24194,730
Net book value
At 30 April 24307,480
At 30 April 23374,446
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables363,666423,973
Bank borrowings and overdrafts258,264571,348
Taxation and social security188,321109,613
Finance lease and HP contracts37,80037,800
Other creditors17,15049,938
Accrued liabilities and deferred income204,762250
Total1,069,9631,192,922
Included in bank borrowing and overdrafts is a balance of £250,014 (2023-£563,098) due to Novuna Finance, an invoice factoring company,. This balance is secured by a fixed and floating charge over all the property or undertaking of the company.
5.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts94,679131,548