Company Registration No. 05882507 (England and Wales)
Minus7 Limited
Unaudited accounts
for the year ended 31 March 2022
Minus7 Limited
Unaudited accounts
Contents
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
Minus7 Limited
Statement of financial position
as at 31 March 2022
Intangible assets
197,986
227,364
Tangible assets
2,427
3,034
Cash at bank and in hand
17
9,051
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
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
Minus7 Limited
Notes to the Accounts
for the year ended 31 March 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
29,378
Minus7 Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery
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
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
9
Creditors: amounts falling due after more than one year
2022
2021
10
Average number of employees
During the year the average number of employees was 4 (2021: 0).