REGISTERED NUMBER: 06480581 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

VENTILATION SPECIAL SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr JW Tye

Mrs LE Tye

REGISTERED OFFICE:

Unit 2 Harrison Road

Airfield Business Park

Market Harborough

Leicestershire

LE16 7UL

REGISTERED NUMBER:

06480581 (England and Wales)

FIXED ASSETS

Tangible assets

4

413,925

252,022

CURRENT ASSETS

Stocks

41,487

17,669

Debtors

5

772,652

632,867

Cash at bank and in hand

100,109

112,704

914,248

763,240

CREDITORS

Amounts falling due within one year

6

685,456

487,910

NET CURRENT ASSETS

228,792

275,330

TOTAL ASSETS LESS CURRENT LIABILITIES

642,717

527,352

CREDITORS

Amounts falling due after more than one year

7

(445,936

)

(225,859

)

PROVISIONS FOR LIABILITIES

(13,151

)

(25,140

)

NET ASSETS

183,630

276,353

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

183,628

276,351

183,630

276,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 7 July 2026 and were signed on its behalf by:

Mr JW Tye - Director

Mrs LE Tye - Director

1.	STATUTORY INFORMATION

Ventilation Special Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 for goods supplied and services rendered, net of discounts and VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on the provision of the service; 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

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using an effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2025 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

50,000

10,542

411,737

472,279

Additions

-

833

259,949

260,782

At 31 January 2026

50,000

11,375

671,686

733,061

DEPRECIATION

At 1 February 2025

40,000

8,534

171,723

220,257

Charge for year

10,000

655

88,224

98,879

At 31 January 2026

50,000

9,189

259,947

319,136

NET BOOK VALUE

At 31 January 2026

-

2,186

411,739

413,925

At 31 January 2025

10,000

2,008

240,014

252,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

364,944

354,192

Other debtors

407,708

278,675

772,652

632,867

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,333

10,000

Hire purchase contracts

93,328

54,445

Trade creditors

380,669

255,888

Taxation and social security

63,272

160,256

Other creditors

144,854

7,321

685,456

487,910

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

3,333

Hire purchase contracts

333,065

222,526

Other creditors

112,871

-

445,936

225,859

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2026

2025

£

£

Mr JW Tye

Balance outstanding at start of year

245,111

120,835

Amounts advanced

199,055

124,276

Amounts repaid

(246,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

198,166

245,111

The loans are repayable on demand and interest has been charged at HM Revenue and Custom's official rate.