IRIS Accounts Production v24.1.9.2 06146092 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061460922023-03-31061460922024-03-31061460922023-04-012024-03-31061460922022-03-31061460922022-04-012023-03-31061460922023-03-3106146092ns15:EnglandWales2023-04-012024-03-3106146092ns14:PoundSterling2023-04-012024-03-3106146092ns10:Director12023-04-012024-03-3106146092ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106146092ns10:SmallEntities2023-04-012024-03-3106146092ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106146092ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106146092ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106146092ns10:FullAccounts2023-04-012024-03-3106146092ns10:Director22023-04-012024-03-3106146092ns10:CompanySecretary12023-04-012024-03-3106146092ns10:RegisteredOffice2023-04-012024-03-3106146092ns5:CurrentFinancialInstruments2024-03-3106146092ns5:CurrentFinancialInstruments2023-03-3106146092ns5:ShareCapital2024-03-3106146092ns5:ShareCapital2023-03-3106146092ns5:RetainedEarningsAccumulatedLosses2024-03-3106146092ns5:RetainedEarningsAccumulatedLosses2023-03-3106146092ns5:LeaseholdImprovements2023-04-012024-03-3106146092ns5:PlantMachinery2023-04-012024-03-3106146092ns5:FurnitureFittings2023-04-012024-03-3106146092ns5:MotorVehicles2023-04-012024-03-3106146092ns5:ComputerEquipment2023-04-012024-03-3106146092ns5:LeaseholdImprovements2023-03-3106146092ns5:PlantMachinery2023-03-3106146092ns5:FurnitureFittings2023-03-3106146092ns5:LeaseholdImprovements2024-03-3106146092ns5:PlantMachinery2024-03-3106146092ns5:FurnitureFittings2024-03-3106146092ns5:LeaseholdImprovements2023-03-3106146092ns5:PlantMachinery2023-03-3106146092ns5:FurnitureFittings2023-03-3106146092ns5:MotorVehicles2023-03-3106146092ns5:ComputerEquipment2023-03-3106146092ns5:MotorVehicles2024-03-3106146092ns5:ComputerEquipment2024-03-3106146092ns5:MotorVehicles2023-03-3106146092ns5:ComputerEquipment2023-03-3106146092ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106146092ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06146092 (England and Wales)















7Tech Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






7Tech Limited (Registered number: 06146092)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


7Tech Limited

Company Information
for the Year Ended 31 March 2024







Directors: J G A Gooch
Miss K P Bain





Secretary: Miss K P Bain





Registered office: Saltire House, St Andrews
Church Road
Barningham
Suffolk
IP31 1EQ





Registered number: 06146092 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

7Tech Limited (Registered number: 06146092)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 20,122 21,758

Current assets
Debtors 5 200,429 138,472
Cash at bank 154,198 69,759
354,627 208,231
Creditors
Amounts falling due within one year 6 249,218 169,549
Net current assets 105,409 38,682
Total assets less current liabilities 125,531 60,440

Provisions for liabilities 4,922 4,741
Net assets 120,609 55,699

Capital and reserves
Called up share capital 100 100
Retained earnings 120,509 55,599
120,609 55,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

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





J G A Gooch - Director


7Tech Limited (Registered number: 06146092)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

7Tech 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.

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


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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

7Tech Limited (Registered number: 06146092)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2023 28,279 1,480 18,674
Additions - - 1,110
At 31 March 2024 28,279 1,480 19,784
Depreciation
At 1 April 2023 27,451 1,282 13,423
Charge for year 207 49 953
At 31 March 2024 27,658 1,331 14,376
Net book value
At 31 March 2024 621 149 5,408
At 31 March 2023 828 198 5,251

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 56,318 9,866 114,617
Additions - 4,082 5,192
At 31 March 2024 56,318 13,948 119,809
Depreciation
At 1 April 2023 41,511 9,192 92,859
Charge for year 3,920 1,699 6,828
At 31 March 2024 45,431 10,891 99,687
Net book value
At 31 March 2024 10,887 3,057 20,122
At 31 March 2023 14,807 674 21,758

7Tech Limited (Registered number: 06146092)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 197,527 135,604
Other debtors 2,902 2,868
200,429 138,472

6. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade creditors 194,154 144,019
Taxation and social security 47,461 19,435
Other creditors 7,603 6,095
249,218 169,549