Silverfin false true 31/05/2024 01/06/2023 31/05/2024 C A Baker 23/07/2015 L D N Jones 19/12/2003 T A Jones 19/12/2003 18 February 2025 no description of principal activity 04961836 2024-05-31 04961836 bus:Director1 2024-05-31 04961836 bus:Director2 2024-05-31 04961836 bus:Director3 2024-05-31 04961836 core:CurrentFinancialInstruments 2024-05-31 04961836 core:CurrentFinancialInstruments 2023-05-31 04961836 2023-05-31 04961836 core:ShareCapital 2024-05-31 04961836 core:ShareCapital 2023-05-31 04961836 core:RetainedEarningsAccumulatedLosses 2024-05-31 04961836 core:RetainedEarningsAccumulatedLosses 2023-05-31 04961836 2023-06-01 2024-05-31 04961836 bus:FilletedAccounts 2023-06-01 2024-05-31 04961836 bus:SmallEntities 2023-06-01 2024-05-31 04961836 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04961836 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04961836 bus:Director1 2023-06-01 2024-05-31 04961836 bus:Director2 2023-06-01 2024-05-31 04961836 bus:Director3 2023-06-01 2024-05-31 04961836 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 04961836 (England and Wales)

VENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

VENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

VENT LIMITED

BALANCE SHEET

As at 31 May 2024
VENT LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Current assets
Debtors 3 181 181
Cash at bank and in hand 2,345 679
2,526 860
Creditors: amounts falling due within one year 4 ( 1,666) 0
Net current assets 860 860
Total assets less current liabilities 860 860
Net assets 860 860
Capital and reserves
Called-up share capital 2 2
Profit and loss account 858 858
Total shareholders' funds 860 860

Vent Limited (registered number: 04961836) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Vent Limited (registered number: 04961836) were approved and authorised for issue by the Board of Directors on 18 February 2025. They were signed on its behalf by:

L D N Jones
Director
VENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
VENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vent Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Unit 16c & 16f, Chalwyn Industrial Estate, Poole, Dorset, BH12 4PE.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for ventilation equipment and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the sale of goods and services for ventilation equipment is provided.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dormant Accounts

Vent Limited (registered number: 04961836) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Other debtors 181 181

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 1,666 0