DOMESTIC VENTILATION SALES LTD Accounts filed on 30-03-2015

DOMESTIC VENTILATION SALES LTD Accounts filed on 30-03-2015

HEALTHY INDOOR ENVIRONMENTS LIMITED - Company Information

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DOMESTIC VENTILATION SALES LTD




Company Registration Number:
07846006 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 31st March 2014

End date: 30th March 2015

SUBMITTED

DOMESTIC VENTILATION SALES LTD

Contents of the Financial Statements
for the Period Ended 30th March 2015

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

DOMESTIC VENTILATION SALES LTD

Company Information
for the Period Ended 30th March 2015




Director: AM Hobbs
L Ouatu
Company secretary: L Ouatu
Registered office: 1 Boxhill Nurseries Boxhill Road
Tadworth
KT20 7JF
Company Registration Number: 07846006 (England and Wales)

DOMESTIC VENTILATION SALES LTD

Directors' Report Period Ended 30th March 2015

The directors present their report with the financial statements of the company for the period ended 30th March 2015

Principal activities
The principal activity of the company in the period under review was:
The supply of domestic ventilation systems

Directors
The directors shown below have held office during the whole of the period from
31st March 2014 to 30th March 2015
AM Hobbs
L Ouatu

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 21 August 2015
And Signed On Behalf Of The Board By:

Name: AM Hobbs
Status: Director

DOMESTIC VENTILATION SALES LTD

Profit and Loss Account

for the Period Ended 30th March 2015

Notes 2015
£		 2014
£
Turnover: 2 263,103 97,761
Cost of sales: 178,175 61,199
Gross profit or (loss): 84,928 36,562
Administrative expenses: 4, 39,985 26,420
Other operating income: 20 163
Operating profit or (loss): 3 44,963 10,305
Profit or (loss) on ordinary activities before taxation: 44,963 10,305
Tax on profit or (loss) on ordinary activities: 5 9,027 1,376
Profit or (loss) for the financial year: 35,936 8,929

The notes form part of these financial statements

DOMESTIC VENTILATION SALES LTD

Statement of total recognised gains and losses
30th March 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

DOMESTIC VENTILATION SALES LTD

Balance sheet
As at 30th March 2015

Notes 2015
£		 2014
£
Fixed assets
Intangible assets: 7 21,970 7,980
Tangible assets: 8 12,217 7,005
Total fixed assets: 34,187 14,985
Current assets
Debtors: 9 34,953 22,466
Cash at bank and in hand: 25,701 15,932
Total current assets: 60,654 38,398
Creditors: amounts falling due within one year 10 74,876 44,354
Net current assets (liabilities): ( 14,222 ) ( 5,956 )
Total assets less current liabilities: 19,965 9,029
Total net assets (liabilities): 19,965 9,029

The notes form part of these financial statements

DOMESTIC VENTILATION SALES LTD

Balance sheet
As at 30th March 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 11 100 100
Profit and Loss account: 12 19,865 8,929
Total shareholders funds: 19,965 9,029

For the year ending 30 March 2015 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 21 August 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: AM Hobbs
Status: Director

The notes form part of these financial statements

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents the amounts invoiced in respect of the provision of services to customers during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided by the company to write off the cost or valuation less estimated residual value of its tangible fixed assets by equal annual instalments over their useful economic life as follows: Motor vehicles - 4 years Computer equipment - 3 years

    Intangible fixed assets amortisation policy

    Amortisation is provided by the company to write off the cost less estimated residual value of its intangible fixed assets by equal annual instalments over their useful economic life as follows: Franchise licence - 5 years

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 2 . Turnover

    Turnover is in respect of the principal activity and is wholly attributable to the United Kingdom market.

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 3 . Operating profit or (loss)

    Operating profit or (loss) before tax as stated after charging the following.

    2015 2014
    £ £
    Depreciation - owned assets: 5,401 2,469
    Amortisation of other intangible assets: 5,985 1,995

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 4 . Directors' remuneration

    2015 2014
    £ £
    Directors' remuneration: 5,324 11,200
    TOTAL: 5,324 11,200

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 5. Taxation

    The tax charge on the profit on ordinary activities for the period was as follows:
    2015 2014
    £ £
    UK Corporation Tax: 9,027 1,376
    Tax on profit or (loss) on ordinary activities: 9,027 1,376
    Profit or (loss) on ordinary activities before taxation: 44,963 10,305
    Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable: 8,993 2,061
    Expense not deductable for tax purposes: 2,397 969
    Accelerated capital allowances: 2,363 1,654
    Current tax charge or (credit): 9,027 1,376

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 6. Dividends

    2015 2014
    £ £
    Dividends paid on ordinary shares: 25,000 0
    Total dividends paid: 25,000 0

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 7. Intangible assets

    Goodwill Other Total
    Cost £ £ £
    At 31st March 2014: - 9,975 9,975
    Additions: - 19,975 19,975
    At 30th March 2015: - 29,950 29,950
    Amortisation £ £ £
    At 31st March 2014: - 1,995 1,995
    Provided during the period: - 5,985 5,985
    At 30th March 2015: - 7,980 7,980
    Net book value £ £ £
    At 30th March 2015: - 21,970 21,970
    At 30th March 2014: - 7,980 7,980

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 8. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 31st March 2014: - - - 1,200 8,274 9,474
    Additions: - - - 3,339 7,274 10,613
    At 30th March 2015: - - - 4,539 15,548 20,087
    Depreciation
    At 31st March 2014: - - - 400 2,069 2,469
    Charge for year: - - - 1,513 3,888 5,401
    At 30th March 2015: - - - 1,913 5,957 7,870
    Net book value
    At 30th March 2015: - - - 2,626 9,591 12,217
    At 30th March 2014: - - - 800 6,205 7,005

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 9. Debtors

    2015 2014
    £ £
    Trade debtors: 34,953 20,755
    Prepayments and accrued income: - 1,711
    Total: 34,953 22,466

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 10. Creditors: amounts falling due within one year

    2015 2014
    £ £
    Trade creditors: 15,121 12,207
    Taxation and social security: 9,027 1,376
    Other creditors: 50,728 30,771
    Total: 74,876 44,354

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 11. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

DOMESTIC VENTILATION SALES LTD

Notes to the Financial Statements
for the Period Ended 30th March 2015

  • 12. Profit and loss account

    2015 2014
    £ £
    Opening balance: 8,929 0
    Profit or (loss) for the period: 35,936 8,929
    Equity dividends paid: 25,000 0
    Retained profit: 19,865 8,929