Smart Ventilation Systems Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 13850225

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,000		4,000
Tangible Assets	5		63,005		13,727

			65,005		17,727
CURRENT ASSETS
Debtors	6	253,709		75,517
Cash at bank and in hand		82,428		50,005

		336,137		125,522
Creditors: Amounts Falling Due Within One Year	7	(217,561 )		(132,634 )

NET CURRENT ASSETS (LIABILITIES)			118,576		(7,112 )

TOTAL ASSETS LESS CURRENT LIABILITIES			183,581		10,615

Creditors: Amounts Falling Due After More Than One Year	8		(36,399 )		-

NET ASSETS			147,182		10,615

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			147,181		10,614

SHAREHOLDERS' FUNDS			147,182		10,615

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Smart Ventilation Systems Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 K R Banks

Director

23/04/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Smart Ventilation Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13850225 . The registered office is 27 Nicholls Field, Harlow, CM18 6DY.

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. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

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% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

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.

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Smart Ventilation Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 3 (2025: NIL)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	10,000

As at 31 January 2026	10,000

Amortisation
As at 1 February 2025	6,000
Provided during the period	2,000

As at 31 January 2026	8,000

Net Book Value
As at 31 January 2026	2,000

As at 1 February 2025	4,000

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Smart Ventilation Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	-	23,382	1,049	24,431
Additions	69,166	-	1,113	70,279

As at 31 January 2026	69,166	23,382	2,162	94,710

Depreciation
As at 1 February 2025	-	10,230	474	10,704
Provided during the period	17,291	3,288	422	21,001

As at 31 January 2026	17,291	13,518	896	31,705

Net Book Value
As at 31 January 2026	51,875	9,864	1,266	63,005

As at 1 February 2025	-	13,152	575	13,727

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	172,540	55,384
Other debtors	81,169	20,133

	253,709	75,517

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	11,200	-
Trade creditors	117,829	109,168
Bank loans and overdrafts	5,741	5,343
Other creditors	2,433	1,548
Taxation and social security	80,358	16,575

	217,561	132,634

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	36,399	-

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Smart Ventilation Systems Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,200	-
Later than one year and not later than five years	36,399	-

	47,599	-

	47,599	-

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Kenneth Banks	-	39,946	-	-	39,946

The loan will be cleared within 9 months of the year end.

Dividends paid to directors

	2026	2025
	£	£
Mr K R Banks	98,560	-

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