REGISTERED NUMBER: SC484707 (Scotland)

Financial Statements for the Year Ended 31 August 2025

for

Hughes Ventilation Air Conditioning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M K Hughes

R W S Hughes

REGISTERED OFFICE:

Unit 1 Bankhead Drive City South Busines

Portlethen

Aberdeenshire

AB12 4XX

REGISTERED NUMBER:

SC484707 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

476,253

863,363

CURRENT ASSETS

Stocks

50,000

50,000

Debtors

5

345,802

265,511

Cash at bank and in hand

226,552

532,479

622,354

847,990

CREDITORS

Amounts falling due within one year

6

417,018

685,060

NET CURRENT ASSETS

205,336

162,930

TOTAL ASSETS LESS CURRENT LIABILITIES

681,589

1,026,293

CREDITORS

Amounts falling due after more than one year

7

(222,572

)

(214,441

)

PROVISIONS FOR LIABILITIES

8

(31,863

)

-

NET ASSETS

427,154

811,852

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

427,152

811,850

SHAREHOLDERS' FUNDS

427,154

811,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 22 May 2026 and were signed on its behalf by:

G M K Hughes - Director

R W S Hughes - Director

1.	STATUTORY INFORMATION

Hughes Ventilation Air Conditioning Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

733,802

251,559

985,361

Additions

-

25,660

25,660

Disposals

(385,000

)

-

(385,000

)

At 31 August 2025

348,802

277,219

626,021

DEPRECIATION

At 1 September 2024

-

121,998

121,998

Charge for year

-

27,770

27,770

At 31 August 2025

-

149,768

149,768

NET BOOK VALUE

At 31 August 2025

348,802

127,451

476,253

At 31 August 2024

733,802

129,561

863,363

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

319,574

165,511

Amounts owed by group undertakings

-

100,000

Other debtors

26,228

-

345,802

265,511

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

7,000

219,093

Hire purchase contracts

25,391

72,698

Trade creditors

93,184

21,578

Amounts owed to group undertakings

6,221

-

Taxation and social security

115,528

340,582

Other creditors

169,694

31,109

417,018

685,060

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

200,655

214,441

Hire purchase contracts

21,917

-

222,572

214,441

31.8.25

31.8.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

172,655

186,441

8.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

31,863

-

Deferred

tax

£

Accelerated capital allowances

31,863

Balance at 31 August 2025

31,863

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

2

Ordinary

£1

2

2

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr G M K Hughes & Mr R W S Hughes.