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Company Registration No. 05882507 (England and Wales)
Minus7 Limited Unaudited accounts for the year ended 31 March 2022
Minus7 Limited Unaudited accounts Contents
Page
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Minus7 Limited Company Information for the year ended 31 March 2022
Directors
F P Dees R H M Malthouse H A M Wilson M T I Wright
Company Number
05882507 (England and Wales)
Registered Office
UNIT 4, SMT TECHNOLOGY CENTRE PROSPECT ROAD COWES ISLE OF WIGHT PO31 7AD ENGLAND
Accountants
J C Tax & Accounts Services Holmleigh Colwell Road Isle Of Wight Isle of Wight PO390AH
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Minus7 Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
197,986 
227,364 
Tangible assets
2,427 
3,034 
Investments
63,412 
63,412 
263,825 
293,810 
Current assets
Debtors
- 
822 
Cash at bank and in hand
17 
9,051 
17 
9,873 
Creditors: amounts falling due within one year
(24,404)
(40,791)
Net current liabilities
(24,387)
(30,918)
Total assets less current liabilities
239,438 
262,892 
Creditors: amounts falling due after more than one year
(33,333)
(50,000)
Net assets
206,105 
212,892 
Capital and reserves
Called up share capital
6,787 
6,787 
Share premium
2,863,654 
2,863,654 
Capital contribution reserve
27,786 
27,786 
Profit and loss account
(2,692,122)
(2,685,335)
Shareholders' funds
206,105 
212,892 
For the year ending 31 March 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by
M T I Wright Director Company Registration No. 05882507
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Minus7 Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Minus7 Limited is a private company, limited by shares, registered in England and Wales, registration number 05882507. The registered office is UNIT 4, SMT TECHNOLOGY CENTRE, PROSPECT ROAD, COWES, ISLE OF WIGHT, PO31 7AD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2021
496,309 
At 31 March 2022
496,309 
Amortisation
At 1 April 2021
268,945 
Charge for the year
29,378 
At 31 March 2022
298,323 
Net book value
At 31 March 2022
197,986 
At 31 March 2021
227,364 
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Minus7 Limited Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2021
27,099 
At 31 March 2022
27,099 
Depreciation
At 1 April 2021
24,065 
Charge for the year
607 
At 31 March 2022
24,672 
Net book value
At 31 March 2022
2,427 
At 31 March 2021
3,034 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2021
63,412 
Valuation at 31 March 2022
63,412 
7
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
808 
Trade debtors
- 
14 
- 
822 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
Trade creditors
12,177 
6,285 
Taxes and social security
1,672 
3,208 
Other creditors
555 
31,298 
24,404 
40,791 
9
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
33,333 
50,000 
10
Average number of employees
During the year the average number of employees was 4 (2021: 0).
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