Company Registration No. 11405430 (England and Wales)
Seven Electrics Ltd
Unaudited accounts
for the year ended 30 June 2023
Seven Electrics Ltd
Unaudited accounts
Contents
Seven Electrics Ltd
Company Information
for the year ended 30 June 2023
Company Number
11405430 (England and Wales)
Registered Office
89 Lancastrian Way
Woodford
Stockport
SK7 1SA
England
Seven Electrics Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
827
2,090
Creditors: amounts falling due within one year
(25,378)
9,803
Net current assets
8,051
24,199
Total assets less current liabilities
8,432
29,716
Creditors: amounts falling due after more than one year
(38,358)
(36,434)
Net liabilities
(29,926)
(6,718)
Called up share capital
100
100
Profit and loss account
(30,026)
(6,818)
Shareholders' funds
(29,926)
(6,718)
For the year ending 30 June 2023 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 12 November 2024 and were signed on its behalf by
James Rogerson
Director
Company Registration No. 11405430
Seven Electrics Ltd
Notes to the Accounts
for the year ended 30 June 2023
Seven Electrics Ltd is a private company, limited by shares, registered in England and Wales, registration number 11405430. The registered office is 89 Lancastrian Way, Woodford, Stockport, SK7 1SA, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2022
3,184
22,492
25,676
At 30 June 2023
3,184
22,492
25,676
At 1 July 2022
2,166
17,993
20,159
Charge for the year
637
4,499
5,136
At 30 June 2023
2,803
22,492
25,295
At 30 June 2022
1,018
4,499
5,517
Seven Electrics Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Other debtors
29,607
2,873
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,348
-
Taxes and social security
(1,654)
7,074
Other creditors
(316)
(16,877)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
38,358
36,434
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).