Company Registration No. NI605359 (Northern Ireland)
Vent Controls Limited
Unaudited accounts
for the year ended 31 December 2024
Vent Controls Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
29,658
(6,893)
Creditors: amounts falling due within one year
(96,788)
(83,738)
Net current assets
11,551
12,698
Called up share capital
1
1
Profit and loss account
12,267
13,593
Shareholders' funds
12,268
13,594
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by
Joesph Cowan
Director
Company Registration No. NI605359
Vent Controls Limited
Notes to the Accounts
for the year ended 31 December 2024
Vent Controls Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI605359. The registered office is 125 Mullan Road, Rasharkin, Ballymena, BT44 8SH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of vent control 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
The director believes that Vent Controls Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Vent Controls Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
70,407
94,447
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,539
33,446
Trade creditors
8,017
19,119
Taxes and social security
50,980
22,869
Other creditors
6,362
4,989
Loans from directors
2,890
3,315
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
1.00
95 A Ordinary shares of £0.01 each
0.95
-
5 B Ordinary shares of £0.01 each
0.05
-
Shares issued during the period:
95 A Ordinary shares of £0.01 each
0.95
5 B Ordinary shares of £0.01 each
0.05
Vent Controls Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).