Company Registration No. 13139153 (England and Wales)
7 PRIME LTD
Unaudited accounts
for the year ended 31 January 2024
7 PRIME LTD
Unaudited accounts
Contents
7 PRIME LTD
Company Information
for the year ended 31 January 2024
Director
Shaiju Retnakumari VIJAYANANDAN
Company Number
13139153 (England and Wales)
Registered Office
95 PRINCE AVENUE
SOUTHEND-ON-SEA
SS2 6RL
ENGLAND
Accountants
KG ACCOUNTING SERVICES LTD
LASYAM
85 KYNANCE GARDENS
STANMORE
MIDDLESEX
HA7 2QJ
7 PRIME LTD
Statement of financial position
as at 31 January 2024
Intangible assets
65,673
69,322
Tangible assets
3,069
3,463
Cash at bank and in hand
12,111
4,947
Creditors: amounts falling due within one year
(194,679)
(155,336)
Net current liabilities
(152,488)
(120,418)
Net liabilities
(83,746)
(47,633)
Called up share capital
100
100
Profit and loss account
(83,846)
(47,733)
Shareholders' funds
(83,746)
(47,633)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Shaiju Retnakumari VIJAYANANDAN
Director
Company Registration No. 13139153
7 PRIME LTD
Notes to the Accounts
for the year ended 31 January 2024
7 PRIME LTD is a private company, limited by shares, registered in England and Wales, registration number 13139153. The registered office is 95 PRINCE AVENUE, SOUTHEND-ON-SEA, SS2 6RL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill has been recognised and due to purchase of a business on the end of the accounting period, amortisation has not been charged for this first Accounting Period. However it will be amortised over 20 years from the following Accounting Period.
4
Intangible fixed assets
Goodwill
7 PRIME LTD
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
4,329
-
4,329
At 31 January 2024
4,329
589
4,918
At 1 February 2023
866
-
866
Charge for the year
866
117
983
At 31 January 2024
1,732
117
1,849
At 31 January 2024
2,597
472
3,069
At 31 January 2023
3,463
-
3,463
Amounts falling due within one year
Accrued income and prepayments
3,280
4,471
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
3,172
Loans from directors
194,339
141,492
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).