SERVICE 2 (HVAC) LIMITED

Company Registration Number:
07831922 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

SERVICE 2 (HVAC) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

SERVICE 2 (HVAC) LIMITED

Balance sheet

As at 31 March 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 137,316 163,838
Total fixed assets: 137,316 163,838
Current assets
Stocks: 2,500 2,500
Debtors: 4 693,200 835,672
Cash at bank and in hand: 233,135 217,427
Total current assets: 928,835 1,055,599
Creditors: amounts falling due within one year: 5 (180,323) (282,974)
Net current assets (liabilities): 748,512 772,625
Total assets less current liabilities: 885,828 936,463
Provision for liabilities: (34,329) (37,772)
Total net assets (liabilities): 851,499 898,691
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 851,399 898,591
Shareholders funds: 851,499 898,691

The notes form part of these financial statements

SERVICE 2 (HVAC) LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 July 2025
and signed on behalf of the board by:

Name: J Lovery
Status: Director

The notes form part of these financial statements

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings -15% straight line Motor vehicles -20% straight line Equipment -20% straight line

Valuation and information policy

Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Other accounting policies

Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 275,416
At 31 March 2025 275,416
Depreciation
At 01 April 2024 111,578
Charge for year 26,522
At 31 March 2025 138,100
Net book value
At 31 March 2025 137,316
At 31 March 2024 163,838

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 0 0

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

Trade creditors 115955 156060 Corporation tax 16490 97541 Social security costs 35507 16341 Other creditors 12371 13032 Total 180323 282974

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Related party transactions

Name of the related party: Service 2 (HVAC) Holdings Limited
Relationship:
Related party
Description of the Transaction: funds lent to related party
£
Balance at 01 April 2024 231,841
Balance at 31 March 2025 23,841
Name of the related party: Service 2 (Installations) Limited
Relationship:
Related party
Description of the Transaction: Funds lent to related party
£
Balance at 01 April 2024 266,080
Balance at 31 March 2025 266,441