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REGISTERED NUMBER: 11691887 (England and Wales)















ASSIGNMENT SEVEN LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






ASSIGNMENT SEVEN LIMITED (REGISTERED NUMBER: 11691887)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 6


ASSIGNMENT SEVEN LIMITED

Company Information
for the year ended 31 December 2023







Director: G B West





Registered office: C/O Cooper Parry
Sky View, Argosy Road
East Midlands Airport, Castle Donington
Derby
Derbyshire
DE74 2SA





Registered number: 11691887 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Director
on the Unaudited Financial Statements of
Assignment Seven Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Assignment Seven Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Assignment Seven Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Assignment Seven Limited and state those matters that we have agreed to state to the director of Assignment Seven Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Assignment Seven Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Assignment Seven Limited. You consider that Assignment Seven Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Assignment Seven Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


18 September 2024

ASSIGNMENT SEVEN LIMITED (REGISTERED NUMBER: 11691887)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,804 5,016

Current assets
Stocks 7,830 19,000
Debtors 5 52,432 37,996
Cash at bank and in hand 2,921 3,614
63,183 60,610
Creditors
Amounts falling due within one year 6 59,650 51,537
Net current assets 3,533 9,073
Total assets less current liabilities 8,337 14,089

Creditors
Amounts falling due after more than one year 7 (7,035 ) (13,035 )

Provisions for liabilities (1,201 ) (953 )
Net assets 101 101

Capital and reserves
Called up share capital 100 100
Retained earnings 1 1
101 101

ASSIGNMENT SEVEN LIMITED (REGISTERED NUMBER: 11691887)

Balance Sheet - continued
31 December 2023


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 his 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 18 September 2024 and were signed by:





G B West - Director


ASSIGNMENT SEVEN LIMITED (REGISTERED NUMBER: 11691887)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Assignment Seven 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. Employees and directors

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

ASSIGNMENT SEVEN LIMITED (REGISTERED NUMBER: 11691887)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023 733 6,322 833 7,888
Additions - 593 - 593
At 31 December 2023 733 6,915 833 8,481
Depreciation
At 1 January 2023 92 2,338 442 2,872
Charge for year 96 611 98 805
At 31 December 2023 188 2,949 540 3,677
Net book value
At 31 December 2023 545 3,966 293 4,804
At 31 December 2022 641 3,984 391 5,016

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 9,202 9,202
Directors' current accounts 42,010 27,632
Prepayments 1,220 1,162
52,432 37,996

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,994 5,994
Other loans 6,478 -
Trade creditors 1,795 5,341
Tax 23,356 24,134
Social security and other taxes 1,194 1,488
Net wages - 3,609
VAT 18,308 9,471
Accrued expenses 2,525 1,500
59,650 51,537

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 6,251 6,251
Bank loans - 2-5 years 784 6,784
7,035 13,035

8. Director's advances, credits and guarantees

As at 31 December 2023, G West, owed the company £42,010 by way of a directors loan account. (2022: £27,631) Interest has been charged in accordance with the official rate of interest.