Registered number
11945035
Ventol Maintenance Limited
Filleted Accounts
30 June 2024
Ventol Maintenance Limited
Registered number: 11945035
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 771 797
Current assets
Stocks 58,392 73,400
Debtors 4 119,665 122,728
Cash at bank and in hand 167,330 9,390
345,387 205,518
Creditors: amounts falling due within one year 5 (156,237) (141,559)
Net current assets 189,150 63,959
Total assets less current liabilities 189,921 64,756
Provisions for liabilities (193) -
Net assets 189,728 64,756
Capital and reserves
Called up share capital 100 100
Profit and loss account 189,628 64,656
Shareholders' funds 189,728 64,756
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Mordue
Director
Approved by the board on 5 February 2025
Ventol Maintenance Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 890
Additions 254
At 30 June 2024 1,144
Depreciation
At 1 July 2023 93
Charge for the year 280
At 30 June 2024 373
Net book value
At 30 June 2024 771
At 30 June 2023 797
4 Debtors 2024 2023
£ £
Trade debtors 118,738 121,960
Other debtors 927 768
119,665 122,728
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 79,964 67,083
Taxation and social security costs 66,318 29,976
Other creditors 9,955 44,500
156,237 141,559
6 Related party transactions 2024 2023
Velway Limited £ £
A company controlled by a common director
As at 30th June the company (owed)/was owed a net amount from the above company 8,779 5,908
Goods & services to the value of were sold the above company 42,221 31,410
Goods & services to the value of were purchased from the above company 2,904 2,100
Ventol Limited
A company controlled by a common director
As at 30th June the company (owed)/was owed a net amount from the above company (1,280) (62,754)
Goods & services to the value of were sold the above company 375,470 241,462
Goods & services to the value of were purchased from the above company 1,037 172,471
R J Stearn Limited
A company ultimately controlled by a common director
As at 30th June the company (owed)/was owed a net amount from the above company 40,756 46,912
Goods & services to the value of were sold the above company 396,016 289,749
Goods & services to the value of were purchased from the above company - 3,232
Ventol Building Services Limited
A company ultimately controlled by a common director
As at 30th June the company (owed)/was owed a net amount from the above company 224 -
Goods & services to the value of were sold the above company 987 3,022
Goods & services to the value of were purchased from the above company - -
7 Other information
Ventol Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1&2 Landsberg
Lichfield Road Industrial Estate
Tamworth
B79 7XB
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