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Company registration number: 13437368

Seven Fifty Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Seven Fifty Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Seven Fifty Ltd

Company Information

Director

Miss R Brough

Registered office

7 Waterside Court
St. Helens
Merseyside
WA9 1UA

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Seven Fifty Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seven Fifty Ltd for the year ended 31 March 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Seven Fifty Ltd, as a body, in accordance with the terms of our engagement letter dated 10 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Seven Fifty Ltd and state those matters that we have agreed to state to the Board of Directors of Seven Fifty Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seven Fifty Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Seven Fifty Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Seven Fifty Ltd. You consider that Seven Fifty Ltd 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 accounts of Seven Fifty Ltd. 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 accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

23 October 2024

 

Seven Fifty Ltd

(Registration number: 13437368)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,020

2,010

Tangible assets

5

15,695

16,668

 

16,715

18,678

Current assets

 

Debtors

6

45,127

9,640

Cash at bank and in hand

 

33,609

21,859

 

78,736

31,499

Creditors: Amounts falling due within one year

7

(55,006)

(30,266)

Net current assets

 

23,730

1,233

Total assets less current liabilities

 

40,445

19,911

Creditors: Amounts falling due after more than one year

7

(12,917)

(17,917)

Provisions for liabilities

(3,636)

(2,900)

Net assets/(liabilities)

 

23,892

(906)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

23,891

(907)

Shareholders' funds/(deficit)

 

23,892

(906)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Seven Fifty Ltd

(Registration number: 13437368)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 17 October 2024
 

.........................................
Miss R Brough
Director

   
     
 

Seven Fifty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
England

The principal place of business is:
14 Ventnor Avenue
Bristol
BS5 7QJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Seven Fifty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Plant and machinery

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

33% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

Seven Fifty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Website development costs
£

Total
£

Cost or valuation

At 1 April 2023

3,000

3,000

At 31 March 2024

3,000

3,000

Amortisation

At 1 April 2023

990

990

Amortisation charge

990

990

At 31 March 2024

1,980

1,980

Carrying amount

At 31 March 2024

1,020

1,020

At 31 March 2023

2,010

2,010

5

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

-

27,014

27,014

Additions

3,167

4,541

7,708

At 31 March 2024

3,167

31,555

34,722

Depreciation

At 1 April 2023

-

10,346

10,346

Charge for the year

792

7,889

8,681

At 31 March 2024

792

18,235

19,027

Carrying amount

At 31 March 2024

2,375

13,320

15,695

At 31 March 2023

-

16,668

16,668

 

Seven Fifty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

2024
£

2023
£

Trade debtors

44,633

9,043

Other debtors

494

597

45,127

9,640

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

5,000

5,000

Trade creditors

 

4,957

4,347

Corporation tax

 

8,560

-

Other creditors

 

36,489

20,919

 

55,006

30,266

 

Seven Fifty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

12,917

17,917

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

12,917

17,917

2024
£

2023
£

Current loans and borrowings

Bank borrowings

5,000

5,000