Company No: 04208139 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Carl Grapes (Resigned 22 August 2025)
	Steven Milburn

REGISTERED OFFICE	Site 1 Newtown Industrial Estate
	Birtley
	DH3 2QW
	United Kingdom

COMPANY NUMBER

04208139 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	162,318		105,250
		162,318		105,250
Current assets
Stocks		6,000		5,800
Debtors	4	590,519		464,683
Cash at bank and in hand		184,340		260,361
		780,859		730,844
Creditors: amounts falling due within one year	5	( 322,081)		( 314,581)
Net current assets		458,778		416,263
Total assets less current liabilities		621,096		521,513
Creditors: amounts falling due after more than one year	6	( 24,974)		( 5,474)
Provision for liabilities		( 32,500)		( 25,710)
Net assets		563,622		490,329
Capital and reserves
Called-up share capital		100		2
Profit and loss account		563,522		490,327
Total shareholders' funds		563,622		490,329

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Universal Ventilation Systems Limited (registered number: 04208139) were approved and authorised for issue by the Director on 22 June 2026. They were signed on its behalf by:

Steven Milburn Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Universal Ventilation Systems Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Site 1 Newtown Industrial Estate, Birtley, DH3 2QW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Universal Ventilation Systems Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	3 years straight line
	15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	28		23

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 December 2024	261,374		261,374
Additions	92,917		92,917
Disposals	( 24,600)		( 24,600)
At 30 November 2025	329,691		329,691
Accumulated depreciation
At 01 December 2024	156,124		156,124
Charge for the financial year	25,471		25,471
Disposals	( 14,222)		( 14,222)
At 30 November 2025	167,373		167,373
Net book value
At 30 November 2025	162,318		162,318
At 30 November 2024	105,250		105,250

4. Debtors

	2025		2024
	£		£
Trade debtors	365,636		391,962
Amounts owed by Group undertakings	150,000		0
Other debtors	74,883		72,721
	590,519		464,683

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	244,018		218,406
Taxation and social security	30,058		53,637
Obligations under finance leases and hire purchase contracts (secured)	11,062		7,300
Other creditors	36,943		35,238
	322,081		314,581

The finance lease liability is secured against the assets to which it relates. The net book value of fixed assets held under finance lease at 30 November 2025 was £44,321 (2024 - £20,756).

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	24,974		5,474

The finance lease liability is secured against the assets to which it relates. The net book value of fixed assets held under finance lease at 30 November 2025 was £44,321 (2024 - £20,756).

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	11,062		7,300
Between one and five years	24,974		5,474
Total future minimum lease payments under non-cancellable operating leases	36,036		12,774

8. Contingencies

Contingent liabilities

	2025		2024
	£		£
Total contingent liabilities	88,177		97,205

The company is subject to a cross guarantee with a related company in respect of borrowings. At the balance sheet date, the amount outstanding to which this guarantee relates is disclosed above.