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REGISTERED NUMBER: 04354762 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Professional Ventilation Services Ltd

Professional Ventilation Services Ltd (Registered number: 04354762)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Professional Ventilation Services Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: A Jepson
L A Borland





SECRETARY: A Jepson





REGISTERED OFFICE: Unit 2 New Line Road
Kirkby-in-Ashfiled
Nottinghamshire
NG17 8JQ





REGISTERED NUMBER: 04354762 (England and Wales)





ACCOUNTANTS: SP Accountancy Ltd
Lanes End
Ashover Road
Littlemoor
Chesterfield
Derbyshire
S45 0BL

Professional Ventilation Services Ltd (Registered number: 04354762)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,982 74,226

CURRENT ASSETS
Stocks 2,403 3,872
Debtors 5 253,294 308,357
Cash at bank 115,981 63,029
371,678 375,258
CREDITORS
Amounts falling due within one year 6 115,683 129,557
NET CURRENT ASSETS 255,995 245,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,977

319,927

CREDITORS
Amounts falling due after more than
one year

7

(12,704

)

(17,046

)

PROVISIONS FOR LIABILITIES (21,081 ) (15,390 )
NET ASSETS 320,192 287,491

Professional Ventilation Services Ltd (Registered number: 04354762)

Balance Sheet - continued
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 279 279
Capital redemption reserve 75 75
Retained earnings 319,838 287,137
SHAREHOLDERS' FUNDS 320,192 287,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 4 March 2025 and were signed on its behalf by:





A Jepson - Director


Professional Ventilation Services Ltd (Registered number: 04354762)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Professional Ventilation Services Ltd 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - straight line over 3 years, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Professional Ventilation Services Ltd (Registered number: 04354762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

Professional Ventilation Services Ltd (Registered number: 04354762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 109,359 46,183 178,524 9,442 343,508
Additions - - 44,350 1,104 45,454
At 31 January 2025 109,359 46,183 222,874 10,546 388,962
DEPRECIATION
At 1 February 2024 99,026 38,589 124,543 7,124 269,282
Charge for year 2,396 1,139 17,045 1,118 21,698
At 31 January 2025 101,422 39,728 141,588 8,242 290,980
NET BOOK VALUE
At 31 January 2025 7,937 6,455 81,286 2,304 97,982
At 31 January 2024 10,333 7,594 53,981 2,318 74,226

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 28,751
Additions 25,210
At 31 January 2025 53,961
DEPRECIATION
At 1 February 2024 9,883
Charge for year 7,868
At 31 January 2025 17,751
NET BOOK VALUE
At 31 January 2025 36,210
At 31 January 2024 18,868

Professional Ventilation Services Ltd (Registered number: 04354762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 225,908 185,878
Amounts owed by group undertakings 6,200 500
Other debtors 1,081 -
Directors' current accounts - 97,522
VAT 17,234 11,251
Prepayments 2,871 13,206
253,294 308,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,631 6,365
Trade creditors 40,114 50,724
Tax 9,514 18,017
Social security and other taxes 9,524 8,975
Other creditors 29,575 28,471
Directors' current accounts 1,001 -
Accrued expenses 6,324 7,005
115,683 129,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 3,333 13,333
Hire purchase contracts 9,371 3,713
12,704 17,046

Professional Ventilation Services Ltd (Registered number: 04354762)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
A Jepson
Balance outstanding at start of year 97,522 -
Amounts advanced 50,500 97,522
Amounts repaid (149,023 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,001 ) 97,522