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REGISTERED NUMBER: 12243306 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

H S Ventilation Ltd

H S Ventilation Ltd (Registered number: 12243306)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


H S Ventilation Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: B J Thornton



REGISTERED OFFICE: 14 Horseshoe Way
Hempsted
Gloucester
Gloucestershire
GL2 5GD



REGISTERED NUMBER: 12243306 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
Leicester
LE87 2BB

H S Ventilation Ltd (Registered number: 12243306)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,400
Tangible assets 5 26,090 37,694
26,090 40,094

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 79,158 190,174
Cash at bank 52,226 47,430
136,384 242,604
CREDITORS
Amounts falling due within one year 7 68,441 65,005
NET CURRENT ASSETS 67,943 177,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,033

217,693

CREDITORS
Amounts falling due after more than one
year

8

(16,672

)

(27,558

)

PROVISIONS FOR LIABILITIES (5,814 ) (8,162 )
NET ASSETS 71,547 181,973

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 71,546 181,972
SHAREHOLDERS' FUNDS 71,547 181,973

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

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

H S Ventilation Ltd (Registered number: 12243306)

Statement of Financial Position - continued
31 October 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 25 July 2025 and were signed by:





B J Thornton - Director


H S Ventilation Ltd (Registered number: 12243306)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

H S Ventilation Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

H S Ventilation Ltd (Registered number: 12243306)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 November 2023
and 31 October 2024 12,000
Amortisation
At 1 November 2023 9,600
Amortisation for year 2,400
At 31 October 2024 12,000
Net book value
At 31 October 2024 -
At 31 October 2023 2,400

H S Ventilation Ltd (Registered number: 12243306)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 November 2023 15,471 11,360 32,856 632 60,319
Additions - 412 - - 412
Disposals - (1,954 ) - - (1,954 )
At 31 October 2024 15,471 9,818 32,856 632 58,777
Depreciation
At 1 November 2023 9,005 6,417 6,571 632 22,625
Charge for year 3,095 1,002 6,571 - 10,668
Eliminated on disposal - (606 ) - - (606 )
At 31 October 2024 12,100 6,813 13,142 632 32,687
Net book value
At 31 October 2024 3,371 3,005 19,714 - 26,090
At 31 October 2023 6,466 4,943 26,285 - 37,694

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 November 2023
and 31 October 2024 32,856
Depreciation
At 1 November 2023 6,571
Charge for year 6,571
At 31 October 2024 13,142
Net book value
At 31 October 2024 19,714
At 31 October 2023 26,285

6. DEBTORS
31/10/24 31/10/23
£    £   
Amounts falling due within one year:
Trade debtors 34,323 37,893
Other debtors 7,323 114,769
41,646 152,662

H S Ventilation Ltd (Registered number: 12243306)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. DEBTORS - continued
31/10/24 31/10/23
£    £   
Amounts falling due after more than one year:
Other debtors 37,512 37,512

Aggregate amounts 79,158 190,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts (see note 9) 5,885 5,465
Trade creditors 15,605 16,541
Taxation and social security 36,164 34,624
Other creditors 5,787 3,375
68,441 65,005

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans 2,917 7,917
Hire purchase contracts (see note 9) 13,755 19,641
16,672 27,558

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/10/24 31/10/23
£    £   
Net obligations repayable:
Within one year 5,885 5,465
Between one and five years 13,755 19,641
19,640 25,106

Non-cancellable operating leases
31/10/24 31/10/23
£    £   
Within one year 5,585 -
Between one and five years 27,497 -
33,082 -

H S Ventilation Ltd (Registered number: 12243306)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24 31/10/23
£    £   
B J Thornton
Balance outstanding at start of year 112,618 41,854
Amounts advanced - 172,694
Amounts repaid (112,618 ) (101,930 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 112,618

The balance owed by the director, now included in other creditors, is unsecured, repayable on demand and has been charged interest at the HMRC official rate of interest. In the year to 31 October 2024 interest of £542 (2023 - £1,828) was charged.