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REGISTERED NUMBER: 07709176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

24SEVEN COMPANIES LTD

24SEVEN COMPANIES LTD (REGISTERED NUMBER: 07709176)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24SEVEN COMPANIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S Cole
S G Surridge





REGISTERED OFFICE: Unit 2 and 2a Hall Farm
Little Waldren
Saffron Walden
Essex
CB10 1XA





REGISTERED NUMBER: 07709176 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

24SEVEN COMPANIES LTD (REGISTERED NUMBER: 07709176)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 69,649 67,183

CURRENT ASSETS
Debtors 5 340,452 340,486
Cash at bank 94,462 13,090
434,914 353,576
CREDITORS
Amounts falling due within one year 6 (411,728 ) (354,044 )
NET CURRENT ASSETS/(LIABILITIES) 23,186 (468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,835

66,715

CREDITORS
Amounts falling due after more than one
year

7

(49,529

)

(57,680

)
NET ASSETS 43,306 9,035

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 43,300 9,029
43,306 9,035

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

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

24SEVEN COMPANIES LTD (REGISTERED NUMBER: 07709176)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2024 and were signed on its behalf by:





S G Surridge - Director


24SEVEN COMPANIES LTD (REGISTERED NUMBER: 07709176)

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


1. STATUTORY INFORMATION

24Seven Companies 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
Company has revised the useful life of Plant and machinery and Motor vehicles from four years to seven years.

Computer equipment - 25% on 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 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.

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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

24SEVEN COMPANIES LTD (REGISTERED NUMBER: 07709176)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 14,883 132,111 39,350 186,344
Additions - 26,073 - 26,073
Disposals - (9,999 ) - (9,999 )
At 31st December 2023 14,883 148,185 39,350 202,418
DEPRECIATION
At 1st January 2023 10,438 69,873 38,850 119,161
Charge for year 1,482 19,876 250 21,608
Eliminated on disposal - (8,000 ) - (8,000 )
At 31st December 2023 11,920 81,749 39,100 132,769
NET BOOK VALUE
At 31st December 2023 2,963 66,436 250 69,649
At 31st December 2022 4,445 62,238 500 67,183

Assets held under hire purchase contracts are secured on the assets concerned.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 327,707 289,659
Other debtors 12,745 50,827
340,452 340,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,303 -
Hire purchase contracts 22,440 18,743
Trade creditors 78,724 40,257
Taxation and social security 109,068 102,490
Other creditors 191,193 192,554
411,728 354,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 22,067 25,519
Other creditors 27,462 32,161
49,529 57,680

24SEVEN COMPANIES LTD (REGISTERED NUMBER: 07709176)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 5,101 9,800

8. SECURITY

Loans and advances owed to National Westminster Bank Plc and Rbs Invoices Finance Limited are secured with debentures dated 22 November 2021 and 20 December 2013. The nature of the security is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.