Quality Ventilation Systems (UK) Ltd

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quality Ventilation Systems (UK) Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Quality Ventilation Systems (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quality Ventilation Systems (UK) Ltd and state those matters that we have agreed to state to the director of Quality Ventilation Systems (UK) Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Quality Ventilation Systems (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quality Ventilation Systems (UK) Ltd . You consider that Quality Ventilation Systems (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quality Ventilation Systems (UK) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Quest Accounting Services

29th October 2025

Quest Accounting Services Limited

Suite 106, The Pinnacle

170 Midsummer Boulevard

Milton Keynes

MK9 1BP

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Quality Ventilation Systems (UK) Ltd

Balance Sheet

As At 31 January 2025

Balance Sheet

Registered number: 07930149

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		63,045		50,760

			63,045		50,760
CURRENT ASSETS
Stocks	5	5,000		5,000
Debtors	6	247,492		141,681
Cash at bank and in hand		182,810		141,246

		435,302		287,927
Creditors: Amounts Falling Due Within One Year	7	(418,993 )		(246,162 )

NET CURRENT ASSETS (LIABILITIES)			16,309		41,765

TOTAL ASSETS LESS CURRENT LIABILITIES			79,354		92,525

Creditors: Amounts Falling Due After More Than One Year	8		(64,287 )		(58,935 )

NET ASSETS			15,067		33,590

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			14,967		33,490

SHAREHOLDERS' FUNDS			15,067		33,590

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Quality Ventilation Systems (UK) Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Daniel Jones

Director

29th October 2025

The notes on pages 4 to 6 form part of these financial statements.

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Quality Ventilation Systems (UK) Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2025

Notes to the Financial Statements

1. General Information

Quality Ventilation Systems (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07930149 . The registered office is Suite 110, The Pinnacle , 170 Midsummer Boulevard , Milton Keynes, MK9 1FD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line
Fixtures & Fittings	25% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Quality Ventilation Systems (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2024	62,773	36,705	99,478
Additions	75,606	5,299	80,905
Disposals	(55,327 )	-	(55,327 )

As at 31 January 2025	83,052	42,004	125,056

Depreciation
As at 1 February 2024	18,029	30,689	48,718
Provided during the period	19,040	4,813	23,853
Disposals	(10,560 )	-	(10,560 )

As at 31 January 2025	26,509	35,502	62,011

Net Book Value
As at 31 January 2025	56,543	6,502	63,045

As at 1 February 2024	44,744	6,016	50,760

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

5. Stocks

	2025	2024
	£	£
Materials	5,000	5,000

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Quality Ventilation Systems (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	182,442	92,132
Other debtors	53,859	38,457
VAT	11,191	11,092

	247,492	141,681

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,520	5,176
Trade creditors	102,868	59,936
Bank loans and overdrafts	5,375	-
Other loans	21,216	-
Other taxes and social security	30,564	24,391
Pension Liabilites	245	221
Director's loan account	249,205	156,438

	418,993	246,162

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	40,395	24,892
Bank loans	23,892	34,043

	64,287	58,935

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,520	5,176
Later than one year and not later than five years	40,395	30,196

	49,915	35,372
Less: Finance charges allocated to future periods	-	5,304

	49,915	30,068

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

At the balance sheet date, the directors were owed £249,205 (2023: £156,437.49) from the company. This loan is interest free, unsecured with no fixed repayment plan.

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