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REGISTERED NUMBER: 03602115 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

7TH DEGREE LIMITED

7TH DEGREE LIMITED (Registered number: 03602115)






Contents of the Financial Statements
for the Year Ended 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


7TH DEGREE LIMITED

Company Information
for the Year Ended 31 JULY 2024







DIRECTOR: G J Grant





SECRETARY: A J Grant





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 03602115 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

7TH DEGREE LIMITED (Registered number: 03602115)

Balance Sheet
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,671 6,228
Investments 5 24,288 18,908
28,959 25,136

CURRENT ASSETS
Debtors 6 38,597 43,026
Cash at bank 68,512 90,932
107,109 133,958
CREDITORS
Amounts falling due within one year 7 18,750 29,755
NET CURRENT ASSETS 88,359 104,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,318

129,339

PROVISIONS FOR LIABILITIES 8 887 1,183
NET ASSETS 116,431 128,156

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 116,331 128,056
SHAREHOLDERS' FUNDS 116,431 128,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

7TH DEGREE LIMITED (Registered number: 03602115)

Balance Sheet - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2025 and were signed by:





G J Grant - Director


7TH DEGREE LIMITED (Registered number: 03602115)

Notes to the Financial Statements
for the Year Ended 31 JULY 2024

1. STATUTORY INFORMATION

7TH DEGREE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

7TH DEGREE LIMITED (Registered number: 03602115)

Notes to the Financial Statements - continued
for the Year Ended 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 14,242 37,873 52,115
DEPRECIATION
At 1 August 2023 11,694 34,193 45,887
Charge for year 637 920 1,557
At 31 July 2024 12,331 35,113 47,444
NET BOOK VALUE
At 31 July 2024 1,911 2,760 4,671
At 31 July 2023 2,548 3,680 6,228

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 August 2023 18,908
Additions 5,380
At 31 July 2024 24,288
NET BOOK VALUE
At 31 July 2024 24,288
At 31 July 2023 18,908

Market value of listed investments at 31 July 2024 - £ 57,194 (2023 - £ 29,329 ).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 35,340 35,520
Other debtors 3,257 7,242
Prepayments - 264
38,597 43,026

7TH DEGREE LIMITED (Registered number: 03602115)

Notes to the Financial Statements - continued
for the Year Ended 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 2,979 7,261
Social security and other taxes 1,583 2,804
VAT 12,628 12,573
Accrued expenses 1,560 7,117
18,750 29,755

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax
Accelerated capital allowances 887 1,183

Deferred
tax
£   
Balance at 1 August 2023 1,183
Credit to Income Statement during year (296 )
Balance at 31 July 2024 887

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Conseq Limited

A company in which G J Grant is a director and shareholder.


During the year the company invoiced an amount totalling £133,250 (2023: £129,950) to Conseq Limited.

31.7.24 31.7.23
£    £   
Amount due from related party at the balance sheet date 35,340 35,520

11. ULTIMATE CONTROLLING PARTY

The controlling party is G J Grant.