DUCTFORM VENTILATION (U.K.) LTD.

DUCTFORM VENTILATION (U.K.) LTD. - Company Information

2020-05-012021-04-302021-04-30falseSC061780DUCTFORM VENTILATION (U.K.) LTD.2022-01-2525110iso4217:GBPxbrli:pureSC0617802020-05-01SC0617802021-04-30SC0617802020-05-012021-04-30SC0617802019-05-01SC0617802020-04-30SC0617802019-05-012020-04-30SC061780bus:SmallEntities2020-05-012021-04-30SC061780bus:AuditExempt-NoAccountantsReport2020-05-012021-04-30SC061780bus:FullAccounts2020-05-012021-04-30SC061780bus:PrivateLimitedCompanyLtd2020-05-012021-04-30SC061780core:WithinOneYear2021-04-30SC061780core:AfterOneYear2021-04-30SC061780core:WithinOneYear2020-04-30SC061780core:AfterOneYear2020-04-30SC061780core:ShareCapital2021-04-30SC061780core:SharePremium2021-04-30SC061780core:RevaluationReserve2021-04-30SC061780core:OtherReservesSubtotal2021-04-30SC061780core:RetainedEarningsAccumulatedLosses2021-04-30SC061780core:ShareCapital2020-04-30SC061780core:SharePremium2020-04-30SC061780core:RevaluationReserve2020-04-30SC061780core:OtherReservesSubtotal2020-04-30SC061780core:RetainedEarningsAccumulatedLosses2020-04-30SC061780core:LandBuildings2021-04-30SC061780core:PlantMachinery2021-04-30SC061780core:Vehicles2021-04-30SC061780core:FurnitureFittings2021-04-30SC061780core:OfficeEquipment2021-04-30SC061780core:NetGoodwill2021-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2021-04-30SC061780core:ListedExchangeTraded2021-04-30SC061780core:UnlistedNon-exchangeTraded2021-04-30SC061780core:LandBuildings2020-04-30SC061780core:PlantMachinery2020-04-30SC061780core:Vehicles2020-04-30SC061780core:FurnitureFittings2020-04-30SC061780core:OfficeEquipment2020-04-30SC061780core:NetGoodwill2020-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2020-04-30SC061780core:ListedExchangeTraded2020-04-30SC061780core:UnlistedNon-exchangeTraded2020-04-30SC061780core:LandBuildings2020-05-012021-04-30SC061780core:PlantMachinery2020-05-012021-04-30SC061780core:Vehicles2020-05-012021-04-30SC061780core:FurnitureFittings2020-05-012021-04-30SC061780core:OfficeEquipment2020-05-012021-04-30SC061780core:NetGoodwill2020-05-012021-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2020-05-012021-04-30SC061780core:ListedExchangeTraded2020-05-012021-04-30SC061780core:UnlistedNon-exchangeTraded2020-05-012021-04-30SC061780core:MoreThanFiveYears2020-05-012021-04-30SC061780core:Non-currentFinancialInstruments2021-04-30SC061780core:Non-currentFinancialInstruments2020-04-30SC061780dpl:CostSales2020-05-012021-04-30SC061780dpl:DistributionCosts2020-05-012021-04-30SC061780dpl:AdministrativeExpenses2020-05-012021-04-30SC061780core:LandBuildings2020-05-012021-04-30SC061780core:PlantMachinery2020-05-012021-04-30SC061780core:Vehicles2020-05-012021-04-30SC061780core:FurnitureFittings2020-05-012021-04-30SC061780core:OfficeEquipment2020-05-012021-04-30SC061780core:NetGoodwill2020-05-012021-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2020-05-012021-04-30SC061780dpl:GroupUndertakings2020-05-012021-04-30SC061780dpl:ParticipatingInterests2020-05-012021-04-30SC061780dpl:GroupUndertakingscore:ListedExchangeTraded2020-05-012021-04-30SC061780core:ListedExchangeTraded2020-05-012021-04-30SC061780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-05-012021-04-30SC061780core:UnlistedNon-exchangeTraded2020-05-012021-04-30SC061780dpl:CostSales2019-05-012020-04-30SC061780dpl:DistributionCosts2019-05-012020-04-30SC061780dpl:AdministrativeExpenses2019-05-012020-04-30SC061780core:LandBuildings2019-05-012020-04-30SC061780core:PlantMachinery2019-05-012020-04-30SC061780core:Vehicles2019-05-012020-04-30SC061780core:FurnitureFittings2019-05-012020-04-30SC061780core:OfficeEquipment2019-05-012020-04-30SC061780core:NetGoodwill2019-05-012020-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2019-05-012020-04-30SC061780dpl:GroupUndertakings2019-05-012020-04-30SC061780dpl:ParticipatingInterests2019-05-012020-04-30SC061780dpl:GroupUndertakingscore:ListedExchangeTraded2019-05-012020-04-30SC061780core:ListedExchangeTraded2019-05-012020-04-30SC061780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-05-012020-04-30SC061780core:UnlistedNon-exchangeTraded2019-05-012020-04-30SC061780core:NetGoodwill2021-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2021-04-30SC061780core:LandBuildings2021-04-30SC061780core:PlantMachinery2021-04-30SC061780core:Vehicles2021-04-30SC061780core:FurnitureFittings2021-04-30SC061780core:OfficeEquipment2021-04-30SC061780core:AfterOneYear2021-04-30SC061780core:WithinOneYear2021-04-30SC061780core:ListedExchangeTraded2021-04-30SC061780core:UnlistedNon-exchangeTraded2021-04-30SC061780core:ShareCapital2021-04-30SC061780core:SharePremium2021-04-30SC061780core:RevaluationReserve2021-04-30SC061780core:OtherReservesSubtotal2021-04-30SC061780core:RetainedEarningsAccumulatedLosses2021-04-30SC061780core:NetGoodwill2020-04-30SC061780core:IntangibleAssetsOtherThanGoodwill2020-04-30SC061780core:LandBuildings2020-04-30SC061780core:PlantMachinery2020-04-30SC061780core:Vehicles2020-04-30SC061780core:FurnitureFittings2020-04-30SC061780core:OfficeEquipment2020-04-30SC061780core:AfterOneYear2020-04-30SC061780core:WithinOneYear2020-04-30SC061780core:ListedExchangeTraded2020-04-30SC061780core:UnlistedNon-exchangeTraded2020-04-30SC061780core:ShareCapital2020-04-30SC061780core:SharePremium2020-04-30SC061780core:RevaluationReserve2020-04-30SC061780core:OtherReservesSubtotal2020-04-30SC061780core:RetainedEarningsAccumulatedLosses2020-04-30SC061780core:NetGoodwill2019-05-01SC061780core:IntangibleAssetsOtherThanGoodwill2019-05-01SC061780core:LandBuildings2019-05-01SC061780core:PlantMachinery2019-05-01SC061780core:Vehicles2019-05-01SC061780core:FurnitureFittings2019-05-01SC061780core:OfficeEquipment2019-05-01SC061780core:AfterOneYear2019-05-01SC061780core:WithinOneYear2019-05-01SC061780core:ListedExchangeTraded2019-05-01SC061780core:UnlistedNon-exchangeTraded2019-05-01SC061780core:ShareCapital2019-05-01SC061780core:SharePremium2019-05-01SC061780core:RevaluationReserve2019-05-01SC061780core:OtherReservesSubtotal2019-05-01SC061780core:RetainedEarningsAccumulatedLosses2019-05-01SC061780core:AfterOneYear2020-05-012021-04-30SC061780core:WithinOneYear2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:CostValuation2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-05-012021-04-30SC061780core:Non-currentFinancialInstrumentscore:CostValuation2021-04-30SC061780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-04-30SC061780core:Non-currentFinancialInstrumentscore:CostValuation2020-04-30SC061780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-04-30SC061780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-04-30SC061780bus:Director12020-05-012021-04-30SC061780bus:Director22020-05-012021-04-30SC061780bus:Director32020-05-012021-04-30SC061780bus:Director42020-05-012021-04-30

Registered Number
SC061780
(Scotland)

Unaudited Financial Statements for the Year Ended
30 April 2021

DUCTFORM VENTILATION (U.K.) LTD.

Company Information
for the year from 1 May 2020 to 30 April 2021


Directors	Grant George Ferry
	Roland Ferry
	Stacey-Lee Ferry
	Alan Patrick Mathieson


Registered Address	17 Faraday Road
	Southfield Industrial Estate
	Glenrothes
	KY6 2RU


Registered Number	SC061780 (Scotland)

DUCTFORM VENTILATION (U.K.) LTD.

Balance Sheet as at
30 April 2021

	Notes	2021		2020
		£	£	£	£
Current assets
Debtors	6	954,899		926,585
Cash at bank and on hand		1,082		395
		955,981		926,980
Creditors amounts falling due within one year	7	(289,242)		(248,691)
Net current assets (liabilities)			666,739		678,289
Total assets less current liabilities			666,739		678,289
Net assets			666,739		678,289
Capital and reserves
Called up share capital			50,000		50,000
Profit and loss account			616,739		628,289
Shareholders' funds			666,739		678,289

The company was entitled to exemption from audit for this reporting period 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. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 25 January 2022, and are signed on its behalf by:

Stacey-Lee Ferry
Director
Registered Company No. SC061780

DUCTFORM VENTILATION (U.K.) LTD.

Notes to the Financial Statements
for the year ended 30 April 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	ACCOUNTING POLICIES

	Turnover policy
	With the exception of long term contracts, turnover represents amounts receivable during the year , excluding Value Added Tax. Revenue from long term contracts is recognised by reference to the stage of completion of contract activity at the balance sheet date. This is normally determined by the proportion that contract costs incurred to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. If the nature of a particular contract means that costs incurred do not accurately reflect the progress of contract activity, an alternative approach is used such as the achievement of pre-determined contract milestones. Profit attributable to contract activity is recognised if the final outcome of such contracts can be reliably assessed. On all contracts, full provision is made for any losses in the year in which they are first foreseen. Revenue from services provided on a short-term or one-off basis is recognised when the service is complete.

Turnover policy

With the exception of long term contracts, turnover represents amounts receivable during the year , excluding
Value Added Tax.

Revenue from long term contracts is recognised by reference to the stage of completion of contract activity at the
balance sheet date. This is normally determined by the proportion that contract costs incurred to date bear to the
estimated total contract costs, except where this would not be representative of the stage of completion. If the
nature of a particular contract means that costs incurred do not accurately reflect the progress of contract activity,
an alternative approach is used such as the achievement of pre-determined contract milestones.

Profit attributable to contract activity is recognised if the final outcome of such contracts can be reliably
assessed. On all contracts, full provision is made for any losses in the year in which they are first foreseen.

Revenue from services provided on a short-term or one-off basis is recognised when the service is complete.

	Intangible assets policy
	Development expenditure is capitalised when eligible costs are incurred. The resulting intangible asset is amortised over one year once the commercial production in respect of these costs has commenced.

	Inventories policy
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress Applications applied for are recognised as turnover. The attributable profit on contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of the work completed to date on the project. Costs associated with contracts are included in work in progress to the extent that they cannot be matched with contract work accounted for as turnover. Costs are defined as direct costs plus attributable overheads based on normal level of activity. Full provision is made for losses on all contracts in the year in which the loss is foreseen.

Inventories policy

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

Work in progress

Applications applied for are recognised as turnover. The attributable profit on contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of the work completed to date on the project.

Costs associated with contracts are included in work in progress to the extent that they cannot be matched with contract work accounted for as turnover. 
Costs are defined as direct costs plus attributable overheads based on normal level of activity.

Full provision is made for losses on all contracts in the year in which the loss is foreseen.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Research and development policy
	Development expenditure is capitalised when eligible costs are incurred. The resulting intangible asset is amortised over one year once the commercial production in respect of these costs has commenced.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases policy

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Employee benefits policy
	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.

4.	EMPLOYEE INFORMATION

		2021		2020
	Average number of employees during the year	4		4

5.	INTANGIBLE ASSETS

	Other £	Total £
Cost or valuation
At 01 May 20	69,754	69,754
At 30 April 21	69,754	69,754
Amortisation and impairment
At 01 May 20	69,754	69,754
At 30 April 21	69,754	69,754
Net book value
At 30 April 20	-	-

6.	DEBTORS

	2021 £	2020 £
Trade debtors / trade receivables	30,037	32,456
Amounts owed by group undertakings	922,153	872,842
Other debtors	2,709	21,287
Total	954,899	926,585

7.	CREDITORS WITHIN ONE YEAR

	2021 £	2020 £
Trade creditors / trade payables	6,308	11,470
Amounts owed to related parties	278,526	225,275
Taxation and social security	3,322	7,389
Finance lease and HP contracts	-	3,447
Accrued liabilities and deferred income	1,086	1,110
Total	289,242	248,691