Company registration number 11549387 (England and Wales)
7SEVEN.T.FIRE SAFETY SOLUTIONS. LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
7SEVEN.T.FIRE SAFETY SOLUTIONS. LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
7SEVEN.T.FIRE SAFETY SOLUTIONS. LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
346
554
Current assets
Debtors
4
7,471
21,336
Cash at bank and in hand
7,056
6,762
14,527
28,098
Creditors: amounts falling due within one year
5
(12,682)
(12,263)
Net current assets
1,845
15,835
Net assets
2,191
16,389
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
2,091
16,289
Total equity
2,191
16,389
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 November 2024
Mr P E Guinan
Director
Company registration number 11549387 (England and Wales)
7SEVEN.T.FIRE SAFETY SOLUTIONS. LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
7Seven.T.Fire Safety Solutions. Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.
1.1
Reporting period
These financial statements have been prepared for the eighteen month period ended 31 March 2024.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result, the director has continued to adopt the going concern basis in preparing the financial statements.true
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
7SEVEN.T.FIRE SAFETY SOLUTIONS. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
2
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 and 31 March 2024
985
Depreciation and impairment
At 1 October 2022
431
Depreciation charged in the period
208
At 31 March 2024
639
Carrying amount
At 31 March 2024
346
At 30 September 2022
554
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Trade debtors
10,983
Corporation tax recoverable
3,375
Other debtors
4,096
10,353
7,471
21,336
Other debtors comprise of prepayments of £819 (2022 - £353) and a loan owed by the director of £3,277 (2022 - £10,000).
7SEVEN.T.FIRE SAFETY SOLUTIONS. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2022
£
£
Corporation tax
10,558
11,423
Other creditors
2,124
840
12,682
12,263
Other creditors comprise of accruals of £2,124 (2022 - £840).
6
Called up share capital
2024
2022
2024
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100