REGISTERED NUMBER: 10600718 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STORM VENTILATION SUPPLIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B T Raven

Mr R J Murphy

Mr J L Kemp

REGISTERED OFFICE:

White House Farm

Workhouse Lane

Burbage

Leicestershire

LE10 3AS

REGISTERED NUMBER:

10600718 (England and Wales)

SENIOR STATUTORY AUDITOR:

Philip Ward

AUDITORS:

Lowson Ward Limited

292 Wake Green Road

Birmingham

B13 9QP

FIXED ASSETS

Tangible assets

3

478,423

761,705

CURRENT ASSETS

Stocks

699,687

731,295

Debtors

4

4,071,437

4,034,799

Cash at bank

1,295,943

480,515

6,067,067

5,246,609

CREDITORS

Amounts falling due within one year

5

(4,411,256

)

(4,169,182

)

NET CURRENT ASSETS

1,655,811

1,077,427

TOTAL ASSETS LESS CURRENT LIABILITIES

2,134,234

1,839,132

CREDITORS

Amounts falling due after more than one year

6

-

(9,884

)

PROVISIONS FOR LIABILITIES

9

(117,700

)

(126,120

)

NET ASSETS

2,016,534

1,703,128

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

2,016,528

1,703,122

SHAREHOLDERS' FUNDS

2,016,534

1,703,128

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 Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

Mr B T Raven - Director

1.	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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

at variable rates on reducing balance

Plant and machinery

-

20% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Equipment

-

40% p.a. reducing balance

All fixed assets are initially recorded at 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 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.

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.

Financial instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 94 (2024 - 86 ) .

3.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

249,265

511,404

461,214

54,128

1,276,011

Additions

6,950

61,247

68,705

-

136,902

Disposals

(256,215

)

-

(31,471

)

-

(287,686

)

At 31 March 2025

-

572,651

498,448

54,128

1,125,227

DEPRECIATION

At 1 April 2024

-

241,019

234,124

39,163

514,306

Charge for year

-

66,326

68,053

5,987

140,366

Eliminated on disposal

-

-

(7,868

)

-

(7,868

)

At 31 March 2025

-

307,345

294,309

45,150

646,804

NET BOOK VALUE

At 31 March 2025

-

265,306

204,139

8,978

478,423

At 31 March 2024

249,265

270,385

227,090

14,965

761,705

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

3,819,944

3,797,314

Other debtors

4,000

2,380

Prepayments

247,493

235,105

4,071,437

4,034,799

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts (see note 7)

9,884

33,350

Trade creditors

3,474,132

3,377,823

Corporation tax

253,844

180,544

PAYE and NIC

54,415

53,830

VAT

264,375

251,893

Other creditors

10,779

8,855

Directors' current accounts

144,318

225,000

Accrued expenses

199,509

37,887

4,411,256

4,169,182

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts (see note 7)

-

9,884

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/25

31/3/24

£

£

Net obligations repayable:

Within one year

9,884

33,350

Between one and five years

-

9,884

9,884

43,234

Non-cancellable

operating leases

31/3/25

31/3/24

£

£

Within one year

427,619

444,878

Between one and five years

718,349

869,506

In more than five years

16,359

49,077

1,162,327

1,363,461

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

9,884

43,234

9.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

Accelerated capital allowances

117,700

126,120

Deferred

tax

£

Balance at 1 April 2024

126,120

Provided during year

(8,420

)

Balance at 31 March 2025

117,700

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Ward (Senior Statutory Auditor)

for and on behalf of Lowson Ward Limited

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

Mr J L Kemp

Balance outstanding at start of year

-

-

Amounts advanced

100,000

-

Amounts repaid

(100,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr R J Murphy

Balance outstanding at start of year

-

-

Amounts advanced

100,000

-

Amounts repaid

(100,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr B T Raven

Balance outstanding at start of year

-

-

Amounts advanced

95,000

-

Amounts repaid

(95,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-