SERVICE 2 (HVAC) GROUP LIMITED

Company Registration Number:
10873429 (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) GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet
Notes

SERVICE 2 (HVAC) GROUP LIMITED

Balance sheet

As at 31 March 2026


Notes
2026
2025


£
£
Fixed assets
Tangible assets: 3 88,497 116,777
Total fixed assets: 88,497 116,777
Current assets
Debtors: 4 700,607 700,966
Cash at bank and in hand: 297,325 390,687
Total current assets: 997,932 1,091,653
Creditors: amounts falling due within one year: 5 (198,722) (212,969)
Net current assets (liabilities): 799,210 878,684
Total assets less current liabilities: 887,707 995,461
Creditors: amounts falling due after more than one year: 6 (624,732) (640,977)
Provision for liabilities: (16,814) (14,984)
Total net assets (liabilities): 246,161 339,500
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 246,061 339,400
Shareholders funds: 246,161 339,500

The notes form part of these financial statements

SERVICE 2 (HVAC) GROUP 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 04 November 2026
and signed on behalf of the board by:

Name: J Lovery
Status: Director

The notes form part of these financial statements

SERVICE 2 (HVAC) GROUP 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 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% reducing balance Motor vehicles-25% reducing balance

Other accounting policies

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% reducing balance Motor vehicles -25% reducing balance

SERVICE 2 (HVAC) GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

2. Employees

2026 2025
Average number of employees during the period 24 25

SERVICE 2 (HVAC) GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

3. Tangible Assets

Total
Cost £
At 01 April 2025 261,218
Additions 965
At 31 March 2026 262,183
Depreciation
At 01 April 2025 144,441
Charge for year 29,245
At 31 March 2026 173,686
Net book value
At 31 March 2026 88,497
At 31 March 2025 116,777

SERVICE 2 (HVAC) GROUP 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) GROUP 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 8894 10606 Corporation tax 47226 38343 Social security 85186 113286 Other creditors 57416 60734 Total 198722 212969

SERVICE 2 (HVAC) GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

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

2026 2025 Other creditors 624732 640977

SERVICE 2 (HVAC) GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2026

7. Related party transactions

Name of the related party: Service 2 (Holdings) Limited
Relationship:
Associated company
Description of the Transaction: Money lent
£
Balance at 01 April 2025 700,607
Balance at 31 March 2026 700,607
Name of the related party: Service 2 (Holdings) Limited
Relationship:
Associated company
Description of the Transaction: Funds lent
£
Balance at 01 April 2025 700,607
Balance at 31 March 2026 700,607
Name of the related party: Service 2 (HVAC) Installations Limited
Relationship:
Associated company
Description of the Transaction: funds borrowed
£
Balance at 01 April 2025 589,033
Balance at 31 March 2026 608,863