2023-01-012023-12-312023-12-31false12917139SEVEN IRON LTD2024-08-01iso4217:GBPxbrli:pure129171392023-01-01129171392023-12-31129171392023-01-012023-12-31129171392022-01-01129171392022-12-31129171392022-01-012022-12-3112917139bus:SmallEntities2023-01-012023-12-3112917139bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112917139bus:AbridgedAccounts2023-01-012023-12-3112917139bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112917139core:WithinOneYear2023-12-3112917139core:AfterOneYear2023-12-3112917139core:WithinOneYear2022-12-3112917139core:AfterOneYear2022-12-3112917139core:ShareCapital2023-12-3112917139core:SharePremium2023-12-3112917139core:RevaluationReserve2023-12-3112917139core:OtherReservesSubtotal2023-12-3112917139core:RetainedEarningsAccumulatedLosses2023-12-3112917139core:ShareCapital2022-12-3112917139core:SharePremium2022-12-3112917139core:RevaluationReserve2022-12-3112917139core:OtherReservesSubtotal2022-12-3112917139core:RetainedEarningsAccumulatedLosses2022-12-3112917139core:LandBuildings2023-12-3112917139core:PlantMachinery2023-12-3112917139core:Vehicles2023-12-3112917139core:FurnitureFittings2023-12-3112917139core:OfficeEquipment2023-12-3112917139core:NetGoodwill2023-12-3112917139core:IntangibleAssetsOtherThanGoodwill2023-12-3112917139core:ListedExchangeTraded2023-12-3112917139core:UnlistedNon-exchangeTraded2023-12-3112917139core:LandBuildings2022-12-3112917139core:PlantMachinery2022-12-3112917139core:Vehicles2022-12-3112917139core:FurnitureFittings2022-12-3112917139core:OfficeEquipment2022-12-3112917139core:NetGoodwill2022-12-3112917139core:IntangibleAssetsOtherThanGoodwill2022-12-3112917139core:ListedExchangeTraded2022-12-3112917139core:UnlistedNon-exchangeTraded2022-12-3112917139core:LandBuildings2023-01-012023-12-3112917139core:PlantMachinery2023-01-012023-12-3112917139core:Vehicles2023-01-012023-12-3112917139core:FurnitureFittings2023-01-012023-12-3112917139core:OfficeEquipment2023-01-012023-12-3112917139core:NetGoodwill2023-01-012023-12-3112917139core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112917139core:ListedExchangeTraded2023-01-012023-12-3112917139core:UnlistedNon-exchangeTraded2023-01-012023-12-3112917139core:MoreThanFiveYears2023-01-012023-12-3112917139core:Non-currentFinancialInstruments2023-12-3112917139core:Non-currentFinancialInstruments2022-12-3112917139dpl:CostSales2023-01-012023-12-3112917139dpl:DistributionCosts2023-01-012023-12-3112917139core:LandBuildings2023-01-012023-12-3112917139core:PlantMachinery2023-01-012023-12-3112917139core:Vehicles2023-01-012023-12-3112917139core:FurnitureFittings2023-01-012023-12-3112917139core:OfficeEquipment2023-01-012023-12-3112917139dpl:AdministrativeExpenses2023-01-012023-12-3112917139core:NetGoodwill2023-01-012023-12-3112917139core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112917139dpl:GroupUndertakings2023-01-012023-12-3112917139dpl:ParticipatingInterests2023-01-012023-12-3112917139dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112917139core:ListedExchangeTraded2023-01-012023-12-3112917139dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112917139core:UnlistedNon-exchangeTraded2023-01-012023-12-3112917139dpl:CostSales2022-01-012022-12-3112917139dpl:DistributionCosts2022-01-012022-12-3112917139core:LandBuildings2022-01-012022-12-3112917139core:PlantMachinery2022-01-012022-12-3112917139core:Vehicles2022-01-012022-12-3112917139core:FurnitureFittings2022-01-012022-12-3112917139core:OfficeEquipment2022-01-012022-12-3112917139dpl:AdministrativeExpenses2022-01-012022-12-3112917139core:NetGoodwill2022-01-012022-12-3112917139core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112917139dpl:GroupUndertakings2022-01-012022-12-3112917139dpl:ParticipatingInterests2022-01-012022-12-3112917139dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112917139core:ListedExchangeTraded2022-01-012022-12-3112917139dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112917139core:UnlistedNon-exchangeTraded2022-01-012022-12-3112917139core:NetGoodwill2023-12-3112917139core:IntangibleAssetsOtherThanGoodwill2023-12-3112917139core:LandBuildings2023-12-3112917139core:PlantMachinery2023-12-3112917139core:Vehicles2023-12-3112917139core:FurnitureFittings2023-12-3112917139core:OfficeEquipment2023-12-3112917139core:AfterOneYear2023-12-3112917139core:WithinOneYear2023-12-3112917139core:ListedExchangeTraded2023-12-3112917139core:UnlistedNon-exchangeTraded2023-12-3112917139core:ShareCapital2023-12-3112917139core:SharePremium2023-12-3112917139core:RevaluationReserve2023-12-3112917139core:OtherReservesSubtotal2023-12-3112917139core:RetainedEarningsAccumulatedLosses2023-12-3112917139core:NetGoodwill2022-12-3112917139core:IntangibleAssetsOtherThanGoodwill2022-12-3112917139core:LandBuildings2022-12-3112917139core:PlantMachinery2022-12-3112917139core:Vehicles2022-12-3112917139core:FurnitureFittings2022-12-3112917139core:OfficeEquipment2022-12-3112917139core:AfterOneYear2022-12-3112917139core:WithinOneYear2022-12-3112917139core:ListedExch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SEVEN IRON LTD

Registered Number
12917139
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

SEVEN IRON LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BEDWOOD, David
ROBERTS, Andrew

Registered Address

First Floor
10 Church Square
Leighton Buzzard
LU7 1AE

Registered Number

12917139 (England and Wales)
SEVEN IRON LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets317,42721,298
17,42721,298
Current assets
Debtors2,057158,887
Cash at bank and on hand138,87773,547
140,934232,434
Creditors amounts falling due within one year(89,133)(110,824)
Net current assets (liabilities)51,801121,610
Total assets less current liabilities69,228142,908
Creditors amounts falling due after one year(468)(468)
Net assets68,760142,440
Capital and reserves
Profit and loss account68,760142,440
Shareholders' funds68,760142,440
The financial statements were approved and authorised for issue by the Board of Directors on 1 August 2024, and are signed on its behalf by:
ROBERTS, Andrew
Director
Registered Company No. 12917139
SEVEN IRON LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2329,112
Additions486
At 31 December 2329,598
Depreciation and impairment
At 01 January 237,814
Charge for year4,357
At 31 December 2312,171
Net book value
At 31 December 2317,427
At 31 December 2221,298