REGISTERED NUMBER: 07508604 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

VENTILATION DIRECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S L Marshall

REGISTERED OFFICE:

Unit 1

Vantage Close

Sheffield

South Yorkshire

S9 1BG

REGISTERED NUMBER:

07508604 (England and Wales)

ACCOUNTANTS:

Jones Francis Limited

400-402 Richmond Road

Sheffield

South Yorkshire

S13 8LZ

FIXED ASSETS

Tangible assets

4

492,420

320,035

Investments

5

393,872

387,518

886,292

707,553

CURRENT ASSETS

Stocks

160,000

110,000

Debtors

6

881,867

1,158,969

Cash at bank

396,425

274,677

1,438,292

1,543,646

CREDITORS

Amounts falling due within one year

7

685,853

555,522

NET CURRENT ASSETS

752,439

988,124

TOTAL ASSETS LESS CURRENT LIABILITIES

1,638,731

1,695,677

CREDITORS

Amounts falling due after more than one year

8

(186,495

)

(38,217

)

PROVISIONS FOR LIABILITIES

(105,643

)

(59,838

)

NET ASSETS

1,346,593

1,597,622

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

11

32,960

43,569

Retained earnings

1,313,623

1,554,043

SHAREHOLDERS' FUNDS

1,346,593

1,597,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 13 August 2026 and were signed by:

S L Marshall - Director

1.	STATUTORY INFORMATION

Ventilation Direct Limited 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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 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

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.

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 16 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

393,159

26,104

156,214

24,435

599,912

Additions

234,699

181

-

2,416

237,296

At 31 March 2026

627,858

26,285

156,214

26,851

837,208

DEPRECIATION

At 1 April 2025

196,002

9,654

64,718

9,503

279,877

Charge for year

37,112

2,481

22,870

2,448

64,911

At 31 March 2026

233,114

12,135

87,588

11,951

344,788

NET BOOK VALUE

At 31 March 2026

394,744

14,150

68,626

14,900

492,420

At 31 March 2025

197,157

16,450

91,496

14,932

320,035

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

-

64,239

64,239

Additions

215,450

-

215,450

At 31 March 2026

215,450

64,239

279,689

DEPRECIATION

At 1 April 2025

-

5,353

5,353

Charge for year

5,387

14,721

20,108

At 31 March 2026

5,387

20,074

25,461

NET BOOK VALUE

At 31 March 2026

210,063

44,165

254,228

At 31 March 2025

-

58,886

58,886

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

387,518

Additions

243,625

Disposals

(223,127

)

Revaluations

(14,144

)

At 31 March 2026

393,872

NET BOOK VALUE

At 31 March 2026

393,872

At 31 March 2025

387,518

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2026

43,947

Cost

349,925

393,872

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

349,924

329,427

Fixed asset investments were valued on an open market basis on 31 March 2026 by St. James's Place Wealth Management .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

771,152

629,361

Amounts owed by participating interests

24,018

435,259

Other debtors

86,697

94,349

881,867

1,158,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

26,042

Hire purchase contracts (see note 9)

54,151

14,331

Trade creditors

525,148

370,384

Taxation and social security

96,718

125,102

Other creditors

9,836

19,663

685,853

555,522

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 9)

186,495

38,217

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

54,151

14,331

Between one and five years

186,495

38,217

240,646

52,548

Non-cancellable

operating leases

31.3.26

31.3.25

£

£

Within one year

48,517

48,517

Between one and five years

13,299

61,816

61,816

110,333

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

240,646

52,548

11.

RESERVES

Fair

value

reserve

£

At 1 April 2025

43,569

Fair value movement

(10,609

)

At 31 March 2026

32,960

12.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

S L Marshall

Balance outstanding at start of year

48,351

42,851

Amounts advanced

-

5,500

Amounts repaid

(4,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

43,851

48,351

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S L Marshall.