Registered number
08011414
7A TM Limited
Filleted Accounts
31 May 2024
7A TM Limited
Registered number: 08011414
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 224,146 267,750
Cash at bank and in hand 36,841 27,809
260,987 295,559
Creditors: amounts falling due within one year 4 (241,801) (266,372)
Net current assets 19,186 29,187
Total assets less current liabilities 19,186 29,187
Creditors: amounts falling due after more than one year 5 (19,171) (29,172)
Net assets 15 15
Capital and reserves
Called up share capital 2 2
Profit and loss account 13 13
Shareholders' funds 15 15
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Venezia
Director
Approved by the board on 10 February 2025
7A TM Limited
Notes to the Accounts
for the period from 28 May 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 16
3 Debtors 2024 2023
£ £
Trade debtors 139,483 234,401
Other debtors 84,663 33,349
224,146 267,750
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 144 10,639
Taxation and social security costs 43,741 65,646
Other creditors 187,916 180,087
241,801 266,372
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,171 29,172
6 Other information
7A TM Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
EC2A 4DJ
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