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REGISTERED NUMBER: 04835413 (England and Wales)













7 7 8 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






7 7 8 LIMITED (REGISTERED NUMBER: 04835413)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


7 7 8 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: Mrs. N M David
Mr. S Parton





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 04835413 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

7 7 8 LIMITED (REGISTERED NUMBER: 04835413)

STATEMENT OF FINANCIAL POSITION
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,971 23,498

CURRENT ASSETS
Stocks 158,000 158,000
Debtors 5 342,250 65,117
Cash at bank 10,205 79,534
510,455 302,651
CREDITORS
Amounts falling due within one year 6 79,204 55,119
NET CURRENT ASSETS 431,251 247,532
TOTAL ASSETS LESS CURRENT LIABILITIES 451,222 271,030

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 451,220 271,028
SHAREHOLDERS' FUNDS 451,222 271,030

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

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

The directors acknowledge their 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.

7 7 8 LIMITED (REGISTERED NUMBER: 04835413)

STATEMENT OF FINANCIAL POSITION - continued
31ST JULY 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th April 2024 and were signed on its behalf by:





Mrs. N M David - Director


7 7 8 LIMITED (REGISTERED NUMBER: 04835413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

7 7 8 Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over 20 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

7 7 8 LIMITED (REGISTERED NUMBER: 04835413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 20,952 27,585 12,850 14,454 75,841
Disposals - - (2,000 ) - (2,000 )
At 31st July 2023 20,952 27,585 10,850 14,454 73,841
DEPRECIATION
At 1st August 2022 12,829 24,215 4,446 10,853 52,343
Charge for year 1,047 505 1,168 540 3,260
Eliminated on disposal - - (1,733 ) - (1,733 )
At 31st July 2023 13,876 24,720 3,881 11,393 53,870
NET BOOK VALUE
At 31st July 2023 7,076 2,865 6,969 3,061 19,971
At 31st July 2022 8,123 3,370 8,404 3,601 23,498

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 374 -
Other debtors 341,876 65,117
342,250 65,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,118 24,427
Taxation and social security 57,356 17,765
Other creditors 18,730 12,927
79,204 55,119

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advances made to the directors during the year were repaid in full within 9 months of the year end.