Company registration number 12473097 (England and Wales)
SEVEN FATHOMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
SEVEN FATHOMS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
454
754
Current assets
10,105
4,300
Creditors: amounts falling due within one year
(17,098)
(21,706)
Net current liabilities
(6,993)
(17,406)
Total assets less current liabilities
(6,539)
(16,652)
Accruals and deferred income
(1,330)
(900)
Net liabilities
(7,869)
(17,552)
Capital and reserves
(7,869)
(17,552)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
2
Going concern
The balance sheet shows net liabilities of £7,869 at the year end date, however included within creditors is a balance of £17,098 owed to the directors. The directors have confirmed that they will continue to support the company until it reaches a solvent position, and so the going concern basis has been adopted.
Seven Fathoms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moore and Smalley LLP, Richard House, 9 Winckley Square, Preston, PR1 3HP.
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
SEVEN FATHOMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
(e) the company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and we confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true
The financial statements were approved by the board of directors and authorised for issue on 4 November 2023 and are signed on its behalf by:
Mrs D Brooks
Director
Company registration number 12473097 (England and Wales)