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CAE VENTILATION SERVICES NORTHERN
LIMITED

Unaudited Financial Statements

for the Year Ended 31st December 2024






CAE VENTILATION SERVICES NORTHERN
LIMITED (REGISTERED NUMBER: 03517295)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAE VENTILATION SERVICES NORTHERN
LIMITED

Company Information
for the year ended 31st December 2024







DIRECTOR: B W Davin





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 03517295 (England and Wales)






CAE VENTILATION SERVICES NORTHERN
LIMITED (REGISTERED NUMBER: 03517295)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 92,538 122,227

CURRENT ASSETS
Stocks 40,394 20,204
Debtors 5 469,020 191,339
Cash at bank 86,825 220,962
596,239 432,505
CREDITORS
Amounts falling due within one year 6 354,811 247,609
NET CURRENT ASSETS 241,428 184,896
TOTAL ASSETS LESS CURRENT LIABILITIES 333,966 307,123

CAPITAL AND RESERVES
Called up share capital 13,200 13,200
Share premium 1,800 1,800
Retained earnings 318,966 292,123
SHAREHOLDERS' FUNDS 333,966 307,123

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

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

CAE VENTILATION SERVICES NORTHERN
LIMITED (REGISTERED NUMBER: 03517295)

Balance Sheet - continued
31st December 2024


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 22nd April 2025 and were signed by:





B W Davin - Director


CAE VENTILATION SERVICES NORTHERN
LIMITED (REGISTERED NUMBER: 03517295)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

CAE Ventilation Services Northern 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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 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.

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.

CAE VENTILATION SERVICES NORTHERN
LIMITED (REGISTERED NUMBER: 03517295)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transition price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 14,067 86,488 71,053 15,442 187,050
Additions - 5,900 - 5,460 11,360
Disposals - - - (707 ) (707 )
At 31st December 2024 14,067 92,388 71,053 20,195 197,703
DEPRECIATION
At 1st January 2024 4,701 33,587 21,417 5,118 64,823
Charge for year 2,110 18,286 16,951 3,325 40,672
Eliminated on disposal - - - (330 ) (330 )
At 31st December 2024 6,811 51,873 38,368 8,113 105,165
NET BOOK VALUE
At 31st December 2024 7,256 40,515 32,685 12,082 92,538
At 31st December 2023 9,366 52,901 49,636 10,324 122,227

CAE VENTILATION SERVICES NORTHERN
LIMITED (REGISTERED NUMBER: 03517295)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,698 179,850
Amounts owed by group undertakings 202,250 -
Other debtors 30,072 11,489
469,020 191,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 122,806 106,777
Amounts owed to group undertakings - 144,985
Taxation and social security 81,270 (7,941 )
Other creditors 150,735 3,788
354,811 247,609

7. RELATED PARTY DISCLOSURES

Included in other debtors is the sum of £202,250 owing from CAE Ventilation Holdings Ltd, the ultimate holding company.

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of CAE Ventilation Holdings Ltd (company no 15876839 registered in England and Wales).