D R Ventilation Ltd - Filleted accounts

D R Ventilation Ltd
Registered number:		04686326
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		73,413			60,335

Current assets
Stocks		5,000			5,000
Debtors	4	-			29,956
Cash at bank and in hand		111,771			71,746
		116,771			106,702

Creditors: amounts falling due within one year	5	(64,455)			(68,332)

Net current assets			52,316			38,370

Total assets less current liabilities			125,729			98,705

Creditors: amounts falling due after more than one year	6		(11,859)			(19,845)

Provisions for liabilities			(6,912)			(6,912)


Net assets			106,958			71,948

Capital and reserves
Called up share capital			100			100
Profit and loss account			106,858			71,848

Shareholders' funds			106,958			71,948

Average number of employees during the year			4			8

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs H Roberts
Director
10 December 2025

D R Ventilation Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 8 years
	Plant and machinery			over 4 years
	Motor vehicles			over 4 years

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	55,990		6,136		91,050		153,176
	Additions	2,214		3,855		29,313		35,382
	At 31 March 2025	58,204		9,991		120,363		188,558

	Depreciation
	At 1 April 2024	45,000		3,886		43,955		92,841
	Charge for the year	7,500		750		14,054		22,304
	At 31 March 2025	52,500		4,636		58,009		115,145

	Net book value
	At 31 March 2025	5,704		5,355		62,354		73,413
	At 31 March 2024	10,990		2,250		47,095		60,335

4	Debtors					2025		2024
£							£

	Other debtors - VAT					-		29,956

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					20,918		-
	Trade creditors					26,385		26,385
	Corporation tax					37,023		36,182
	Other taxes and social security costs					(21,181)		4,774
	Other creditors					1,310		991
						64,455		68,332


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					11,859		19,845


7	Other financial commitments					2025		2024
£							£
	Total future minimum payments under non-cancellable operating leases

	Within one year					5,472		5,472
	After more than one year					10,488		15,960

						15,960		21,432
8	Other information

	D R Ventilation Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 Station Road, Leighton Buzzard, Beds LU7 2NA