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REGISTERED NUMBER: 14901898 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024

FOR

M7D LTD

M7D LTD (REGISTERED NUMBER: 14901898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M7D LTD

COMPANY INFORMATION
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024







DIRECTOR: Mr S Meadows





REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND





REGISTERED NUMBER: 14901898 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

M7D LTD (REGISTERED NUMBER: 14901898)

BALANCE SHEET
31 MAY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 10,896

CURRENT ASSETS
Stocks 5 20,000
Debtors 6 216,053
Cash at bank 55,077
291,130
CREDITORS
Amounts falling due within one year 7 132,458
NET CURRENT ASSETS 158,672
TOTAL ASSETS LESS CURRENT LIABILITIES 169,568

PROVISIONS FOR LIABILITIES 2,724
NET ASSETS 166,844

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 166,843
SHAREHOLDERS' FUNDS 166,844

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:




Mr S Meadows - Director


M7D LTD (REGISTERED NUMBER: 14901898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

M7D 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

M7D LTD (REGISTERED NUMBER: 14901898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2023 TO 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 6,495 7,600 14,095
At 31 May 2024 6,495 7,600 14,095
DEPRECIATION
Charge for period 1,299 1,900 3,199
At 31 May 2024 1,299 1,900 3,199
NET BOOK VALUE
At 31 May 2024 5,196 5,700 10,896

5. STOCKS
£   
Stocks 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts recoverable on contract 199,402
Directors' current accounts 3,417
VAT 13,234
216,053

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 21,256
Tax 79,057
Social security and other taxes 30,218
Accrued expenses 1,927
132,458

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2024:

£   
Mr S Meadows
Balance outstanding at start of period -
Amounts advanced 96,988
Amounts repaid (93,571 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 3,417

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £78,500 were paid to the director .