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REGISTERED NUMBER: 08843328 (England and Wales)















H7 Enterprises Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






H7 Enterprises Ltd (Registered number: 08843328)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H7 Enterprises Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs JE Kelly





REGISTERED OFFICE: Higher Holcombe House
Higher Holcombe Road
Teignmouth
TQ14 9NP





REGISTERED NUMBER: 08843328 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

H7 Enterprises Ltd (Registered number: 08843328)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,074 3,969

CURRENT ASSETS
Debtors 6 40,608 28,774
Cash at bank 20,820 32,188
61,428 60,962
CREDITORS
Amounts falling due within one year 7 (9,530 ) (4,192 )
NET CURRENT ASSETS 51,898 56,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,972

60,739

CREDITORS
Amounts falling due after more than one
year

8

(24,394

)

(28,044

)

PROVISIONS FOR LIABILITIES (394 ) (754 )
NET ASSETS 29,184 31,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,084 31,841
29,184 31,941

H7 Enterprises Ltd (Registered number: 08843328)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





Mrs JE Kelly - Director


H7 Enterprises Ltd (Registered number: 08843328)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

H7 Enterprises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts in respect of the sale of services to customers.

It also represents the profit share in H1 Enterprises LLP that is due to the company and amounts chargeable in respect of the sale of services to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

H7 Enterprises Ltd (Registered number: 08843328)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 7,581
DEPRECIATION
At 1 April 2022 3,612
Charge for year 1,895
At 31 March 2023 5,507
NET BOOK VALUE
At 31 March 2023 2,074
At 31 March 2022 3,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 40,608 28,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,589 3,442
Taxation and social security 5,190 -
Other creditors 751 750
9,530 4,192

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,394 28,044

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,105 13,139

H7 Enterprises Ltd (Registered number: 08843328)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs JE Kelly
Balance outstanding at start of year 26,425 44,254
Amounts advanced 109,889 75,882
Amounts repaid (111,698 ) (93,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,616 26,425

Interest totalling £690 (2022: £1,032) has been charged on the loan. The loan is repayable on demand.

10. RELATED PARTY DISCLOSURES

There is an outstanding current account balance with a related LLP. At the balance sheet date £13,642 (2022: £Nil) was due to the company.