REGISTERED NUMBER: 12243306 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

H S Ventilation Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B J Thornton

REGISTERED OFFICE:

14 Horseshoe Way

Hempsted

Gloucester

Gloucestershire

GL2 5GD

REGISTERED NUMBER:

12243306 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Barclays Bank Plc

Leicester

LE87 2BB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,987

26,090

15,987

26,090

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

1,453

79,158

Cash at bank

93,753

52,226

100,206

136,384

CREDITORS

Amounts falling due within one year

7

32,872

68,441

NET CURRENT ASSETS

67,334

67,943

TOTAL ASSETS LESS CURRENT LIABILITIES

83,321

94,033

CREDITORS

Amounts falling due after more than one year

8

(7,417

)

(16,672

)

PROVISIONS FOR LIABILITIES

(3,997

)

(5,814

)

NET ASSETS

71,907

71,547

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

71,906

71,546

SHAREHOLDERS' FUNDS

71,907

71,547

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

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

The director acknowledges his 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 director and authorised for issue on 27 July 2026 and were signed by:

B J Thornton - Director

1.	STATUTORY INFORMATION

H S Ventilation Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 November 2024

and 31 October 2025

12,000

Amortisation

At 1 November 2024

and 31 October 2025

12,000

Net book value

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 November 2024

15,471

9,818

32,856

632

58,777

Additions

-

419

-

-

419

At 31 October 2025

15,471

10,237

32,856

632

59,196

Depreciation

At 1 November 2024

12,100

6,813

13,142

632

32,687

Charge for year

3,094

856

6,572

-

10,522

At 31 October 2025

15,194

7,669

19,714

632

43,209

Net book value

At 31 October 2025

277

2,568

13,142

-

15,987

At 31 October 2024

3,371

3,005

19,714

-

26,090

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 November 2024

and 31 October 2025

32,856

Depreciation

At 1 November 2024

13,142

Charge for year

6,572

At 31 October 2025

19,714

Net book value

At 31 October 2025

13,142

At 31 October 2024

19,714

6.

DEBTORS

31/10/25

31/10/24

£

£

Amounts falling due within one year:

Trade debtors

-

34,323

Other debtors

1,453

7,323

1,453

41,646

Amounts falling due after more than one year:

Other debtors

-

37,512

Aggregate amounts

1,453

79,158

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans and overdrafts

2,917

5,000

Hire purchase contracts (see note 9)

6,338

5,885

Trade creditors

8,008

15,605

Taxation and social security

11,576

36,164

Other creditors

4,033

5,787

32,872

68,441

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans

-

2,917

Hire purchase contracts (see note 9)

7,417

13,755

7,417

16,672

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/10/25

31/10/24

£

£

Net obligations repayable:

Within one year

6,338

5,885

Between one and five years

7,417

13,755

13,755

19,640

Non-cancellable

operating leases

31/10/25

31/10/24

£

£

Within one year

5,585

5,585

Between one and five years

21,912

27,497

27,497

33,082

10.	RELATED PARTY DISCLOSURES

At 31 October 2025, the company owed the director B J Thornton £319 (2024 - £419). The balance owed, included within other creditors, is made of business expenses not yet reimbursed and declared dividends directly credited to the director's loan account. The loan balance is unsecured, repayable on demand and has been charged interest at the HMRC official rate of interest. In the year to 31 October 2025 interest of £270 (2024 - £542) was charged.