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REGISTERED NUMBER: 11362290 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 November 2024

for

Air Vent Services Ltd

Air Vent Services Ltd (Registered number: 11362290)






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Air Vent Services Ltd (Registered number: 11362290)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 248,797 225,819

CURRENT ASSETS
Stocks 93,851 18,500
Debtors 5 330,005 300,100
Cash at bank and in hand 413,031 472,401
836,887 791,001
CREDITORS
Amounts falling due within one year 6 202,873 197,752
NET CURRENT ASSETS 634,014 593,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,811

819,068

CREDITORS
Amounts falling due after more than one
year

7

(106,934

)

(112,403

)

PROVISIONS FOR LIABILITIES (11,876 ) (31,585 )
NET ASSETS 764,001 675,080

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 763,902 674,981
764,001 675,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 March 2025 and were signed by:





L Robertson - Director


Air Vent Services Ltd (Registered number: 11362290)

Notes to the Financial Statements
For The Year Ended 30 November 2024

1. STATUTORY INFORMATION

Air Vent Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11362290

Registered office: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

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.

Turnover represents the contract value for the stage of completion as at the year end for all projects. Debtors include the retentions which are held by the customers.

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.

Computer Equipment - 33% on cost
Office Equipment - 20% on reducing balance
Motor Vehicles- 25% on reducing balance
Plant & Machinery- 25% on reducing balance
Improvements to property - In accordance with length of lease

Stocks
Work in progress comprises direct materials and, where applicable, direct labour costs and those overheads for services carried out to date, however not yet invoiced.

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.

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.

Air Vent Services Ltd (Registered number: 11362290)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 - 332,755 332,755
Additions 6,150 90,600 96,750
Disposals - (8,500 ) (8,500 )
At 30 November 2024 6,150 414,855 421,005
DEPRECIATION
At 1 December 2023 - 106,936 106,936
Charge for year 376 64,177 64,553
Eliminated on disposal - 719 719
At 30 November 2024 376 171,832 172,208
NET BOOK VALUE
At 30 November 2024 5,774 243,023 248,797
At 30 November 2023 - 225,819 225,819

Air Vent Services Ltd (Registered number: 11362290)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 254,787
Additions 41,594
Reclassification/transfer (69,301 )
At 30 November 2024 227,080
DEPRECIATION
At 1 December 2023 67,798
Charge for year 44,571
Eliminated on disposal 719
Reclassification/transfer (23,720 )
At 30 November 2024 89,368
NET BOOK VALUE
At 30 November 2024 137,712
At 30 November 2023 186,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 212,735 246,969
Other debtors 117,270 53,131
330,005 300,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 10,375 10,119
Finance leases (see note 8) 36,598 30,457
Trade creditors 97,938 68,256
Taxation and social security 42,808 71,418
Other creditors 15,154 17,502
202,873 197,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 5,286 15,661
Finance leases (see note 8) 101,648 96,742
106,934 112,403

Air Vent Services Ltd (Registered number: 11362290)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
30.11.24 30.11.23
£    £   
Net obligations repayable:
Within one year 36,598 30,457
Between one and five years 101,648 96,742
138,246 127,199

Non-cancellable operating leases
30.11.24 30.11.23
£    £   
Within one year 25,667 -
Between one and five years 35,667 -
61,334 -