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REGISTERED NUMBER: 09335418 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Seven Stairs Ltd

Seven Stairs Ltd (Registered number: 09335418)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seven Stairs Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs I M Jones





SECRETARY: Dr J Newland





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 09335418 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Seven Stairs Ltd (Registered number: 09335418)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,396 70,396

CURRENT ASSETS
Stocks 5,392 5,967
Debtors 5 26,166 24,388
Cash at bank - 3,703
31,558 34,058
CREDITORS
Amounts falling due within one year 6 43,271 47,627
NET CURRENT LIABILITIES (11,713 ) (13,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,683

56,827

CREDITORS
Amounts falling due after more than one year 7 (37,965 ) (40,797 )

PROVISIONS FOR LIABILITIES 8 (10,877 ) (11,199 )
NET ASSETS 1,841 4,831

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 1,837 4,827
SHAREHOLDERS' FUNDS 1,841 4,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2024 and were signed by:





Mrs I M Jones - Director


Seven Stairs Ltd (Registered number: 09335418)

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

1. STATUTORY INFORMATION

Seven Stairs 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over period of lease
Plant and equipment - 20% on reducing balance basis
Motor vehicles - 25% on reducing balance basis

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,474 105,736 39,290 146,500
Additions - - 14,307 14,307
Disposals - - (8,795 ) (8,795 )
At 31 December 2023 1,474 105,736 44,802 152,012
DEPRECIATION
At 1 January 2023 1,474 63,864 10,766 76,104
Charge for year - 8,372 6,056 14,428
Eliminated on disposal - - (916 ) (916 )
At 31 December 2023 1,474 72,236 15,906 89,616
NET BOOK VALUE
At 31 December 2023 - 33,500 28,896 62,396
At 31 December 2022 - 41,872 28,524 70,396

Seven Stairs Ltd (Registered number: 09335418)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 39,290
Additions 14,307
Disposals (8,795 )
At 31 December 2023 44,802
DEPRECIATION
At 1 January 2023 10,766
Charge for year 6,056
Eliminated on disposal (916 )
At 31 December 2023 15,906
NET BOOK VALUE
At 31 December 2023 28,896
At 31 December 2022 28,524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,515 17,293
Other debtors 4,500 4,500
Prepayments 3,151 2,595
26,166 24,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,246 10,922
Hire purchase contracts 8,618 9,240
Trade creditors 14,065 4,219
Tax 5,011 10,762
Social security and other taxes 2,028 5,377
Other creditors 588 74
Directors' loan accounts 856 1,397
Accrued expenses 5,859 5,636
43,271 47,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 26,262 27,548
Hire purchase contracts 11,703 13,249
37,965 40,797

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 10,877 11,199

Seven Stairs Ltd (Registered number: 09335418)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 11,199
Credit to Income Statement during year (322 )
Balance at 31 December 2023 10,877

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary 1.00 4 4

10. RESERVES
Retained
earnings
£   

At 1 January 2023 4,827
Profit for the year 22,010
Dividends (25,000 )
At 31 December 2023 1,837

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 were paid to the director .