SERVICE 2 (HVAC) LIMITED

Company Registration Number:
07831922 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2026

Period of accounts

Start date: 01 April 2025

End date: 31 March 2026

SERVICE 2 (HVAC) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet
Notes

SERVICE 2 (HVAC) LIMITED

Balance sheet

As at 31 March 2026


Notes
2026
2025


£
£
Fixed assets
Tangible assets: 3 132,572 137,316
Total fixed assets: 132,572 137,316
Current assets
Stocks: 2,500 2,500
Debtors: 4 688,617 693,200
Cash at bank and in hand: 152,473 233,135
Total current assets: 843,590 928,835
Creditors: amounts falling due within one year: 5 (118,137) (180,323)
Net current assets (liabilities): 725,453 748,512
Total assets less current liabilities: 858,025 885,828
Provision for liabilities: (33,143) (34,329)
Total net assets (liabilities): 824,882 851,499
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 824,782 851,399
Shareholders funds: 824,882 851,499

The notes form part of these financial statements

SERVICE 2 (HVAC) LIMITED

Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 October 2026
and signed on behalf of the board by:

Name: C Snowden
Status: Director

The notes form part of these financial statements

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings-15% straight line Motor vehicles-20% straight line Equipment-20% straight line

Valuation and information policy

Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Other accounting policies

Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

2. Employees

2026 2025
Average number of employees during the period 2 2

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

3. Tangible Assets

Total
Cost £
At 01 April 2025 275,416
Additions 16,272
At 31 March 2026 291,688
Depreciation
At 01 April 2025 138,100
Charge for year 21,016
At 31 March 2026 159,116
Net book value
At 31 March 2026 132,572
At 31 March 2025 137,316

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

4. Debtors

2026 2025
££
Debtors due after more than one year: 0 0

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

5. Creditors: amounts falling due within one year note

2026 2025 Trade creditors 89000 115955 Corporation tax - 16490 Social security 17291 35507 Other creditors 11846 12371 Total 118137 180323

SERVICE 2 (HVAC) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

6. Related party transactions

Name of the related party: Service 2 (HVAC) HoldingsLtd
Relationship:
Associated company
Description of the Transaction: Funds lent to associated company
£
Balance at 01 April 2025 231,841
Balance at 31 March 2026 231,904
Name of the related party: Service 2 (HVAC) Installations ltd
Relationship:
Associated company
Description of the Transaction: Funds lent to associated company
£
Balance at 01 April 2025 266,441
Balance at 31 March 2026 266,707
Name of the related party: Service 2 (M & E) Ltd
Relationship:
Associated company
Description of the Transaction: Funds borrowed from associated company
£
Balance at 01 April 2025 11,852
Balance at 31 March 2026 11,852