Silverfin false false 31/07/2024 21/07/2023 31/07/2024 J A N Perry 21/07/2023 V Skinner 21/07/2023 11 April 2025 The principal activity of the Company during the financial period was the manufacture of non-domestic cooling and ventilation equipment. 15018519 2024-07-31 15018519 bus:Director1 2024-07-31 15018519 bus:Director2 2024-07-31 15018519 core:CurrentFinancialInstruments 2024-07-31 15018519 core:ShareCapital 2024-07-31 15018519 core:RetainedEarningsAccumulatedLosses 2024-07-31 15018519 core:CurrentFinancialInstruments 1 2024-07-31 15018519 bus:OrdinaryShareClass1 2024-07-31 15018519 2023-07-21 2024-07-31 15018519 bus:FilletedAccounts 2023-07-21 2024-07-31 15018519 bus:SmallEntities 2023-07-21 2024-07-31 15018519 bus:AuditExemptWithAccountantsReport 2023-07-21 2024-07-31 15018519 bus:PrivateLimitedCompanyLtd 2023-07-21 2024-07-31 15018519 bus:Director1 2023-07-21 2024-07-31 15018519 bus:Director2 2023-07-21 2024-07-31 15018519 bus:OrdinaryShareClass1 2023-07-21 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15018519 (England and Wales)

AIR VENT TECH LIMITED

Unaudited Financial Statements
For the financial period from 21 July 2023 to 31 July 2024
Pages for filing with the registrar

AIR VENT TECH LIMITED

Unaudited Financial Statements

For the financial period from 21 July 2023 to 31 July 2024

Contents

AIR VENT TECH LIMITED

BALANCE SHEET

As at 31 July 2024
AIR VENT TECH LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024
£
Current assets
Debtors 3 19,251
Cash at bank and in hand 2,344
21,595
Creditors: amounts falling due within one year 4 ( 20,122)
Net current assets 1,473
Total assets less current liabilities 1,473
Net assets 1,473
Capital and reserves
Called-up share capital 5 100
Profit and loss account 1,373
Total shareholders' funds 1,473

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Air Vent Tech Limited (registered number: 15018519) were approved and authorised for issue by the Board of Directors on 11 April 2025. They were signed on its behalf by:

J A N Perry
Director
AIR VENT TECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 July 2023 to 31 July 2024
AIR VENT TECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 July 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Air Vent Tech Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20 Wenlock Road, London, N1 7GU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
21.07.2023 to
31.07.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Debtors

31.07.2024
£
Trade debtors 19,151
Other debtors 100
19,251

4. Creditors: amounts falling due within one year

31.07.2024
£
Trade creditors 536
CIS withheld 216
Taxation and social security 6,644
Other creditors 12,726
20,122

5. Called-up share capital

31.07.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the period the company issued 100 ordinary shares at par value.