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REGISTERED NUMBER: 12843506 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Simply Ventilation Limited

Simply Ventilation Limited (Registered number: 12843506)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Simply Ventilation Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: W H Twigg
J I Gray
M C Twigg





REGISTERED OFFICE: 1 Crown Works
Bradford Road
Sandbeds
KEIGHLEY
West Yorkshire
BD20 5LN





REGISTERED NUMBER: 12843506 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Simply Ventilation Limited (Registered number: 12843506)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 6,037 -
Tangible assets 6 13,696 4,933
19,733 4,933

CURRENT ASSETS
Stocks 61,347 -
Debtors 7 189,674 63,289
Cash at bank 46,677 55,471
297,698 118,760
CREDITORS
Amounts falling due within one year 8 (237,099 ) (84,267 )
NET CURRENT ASSETS 60,599 34,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,332

39,426

CREDITORS
Amounts falling due after more than one
year

9

(10,996

)

-
NET ASSETS 69,336 39,426

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 69,234 39,324
SHAREHOLDERS' FUNDS 69,336 39,426

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

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

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 Statement of Income and Retained Earnings has not been delivered.

Simply Ventilation Limited (Registered number: 12843506)

Balance Sheet - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





W H Twigg - Director


Simply Ventilation Limited (Registered number: 12843506)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Simply Ventilation 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

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.

Simply Ventilation Limited (Registered number: 12843506)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 8,050
At 31 August 2024 8,050
AMORTISATION
Charge for year 2,013
At 31 August 2024 2,013
NET BOOK VALUE
At 31 August 2024 6,037

6. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 - 6,078 6,078
Additions 13,328 - 13,328
At 31 August 2024 13,328 6,078 19,406
DEPRECIATION
At 1 September 2023 - 1,145 1,145
Charge for year 3,332 1,233 4,565
At 31 August 2024 3,332 2,378 5,710
NET BOOK VALUE
At 31 August 2024 9,996 3,700 13,696
At 31 August 2023 - 4,933 4,933

Simply Ventilation Limited (Registered number: 12843506)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 186,169 60,779
Prepayments 3,505 2,510
189,674 63,289

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 3,999 -
Trade creditors 176,755 31,825
Tax 27,621 40,174
Social security and other taxes (2,311 ) (577 )
VAT 29,530 12,486
Directors' current accounts 5 359
Accrued expenses 1,500 -
237,099 84,267

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 10,996 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase 14,995 -

The hire purchase liability is secured against the asset to which it relates.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Simply Ventilation Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Simply Ventilation Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Simply Ventilation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Simply Ventilation Limited and state those matters that we have agreed to state to the Board of Directors of Simply Ventilation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simply Ventilation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simply Ventilation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Simply Ventilation Limited. You consider that Simply Ventilation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Simply Ventilation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


5 March 2025