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Registered Number: 11696794


 

 

 

7HILLS TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Cash at bank and in hand 327,236    395,707 
Creditors: amount falling due within one year (58,375)   (140,486)
Net current assets 268,861    255,221 
 
Total assets less current liabilities 268,861    255,221 
Provisions for liabilities (184)   (499)
Net assets 268,677    254,722 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 268,577    254,622 
Shareholders' funds 268,677    254,722 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 April 2025 and were signed on its behalf by:


-------------------------------
Venkateswarlu Yaramothu
Director
1
General Information
7HILLS TECHNOLOGIES LTD is a private company, limited by shares, registered in , registration number 11696794, registration address Citibase Newcastle-under-Lyme, Copthall House, King Street, Stoke-on-Trent, Newcastle-under-Lyme, ST5 1EL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Salaries 12,600    26,250 
12,600    26,250 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 289,243    384,957 
Social security costs 21,204    27,949 
Pension costs, defined contribution plan 740    1,914 
Other staff costs 3,369    1,950 
314,556    416,770 
 
Average number of employees during the year Number   Number
Administration 3    3 
 

4.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 ORD shares of £1.00 each 100    100 
100    100 

2