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REGISTERED NUMBER: 04452133 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SEVEN FIVES (UK) LTD.

SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 89,594 97,219
Tangible assets 5 2,948 3,482
92,542 100,701

CURRENT ASSETS
Debtors 6 122,743 124,105
Prepayments and accrued income 425 363
Cash at bank and in hand 3,832 3,116
127,000 127,584
CREDITORS
Amounts falling due within one year 7 29,373 34,247
NET CURRENT ASSETS 97,627 93,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,169

194,038

CREDITORS
Amounts falling due after more than one
year

8

(8,509

)

(18,396

)

PROVISIONS FOR LIABILITIES (180 ) (197 )
NET ASSETS 181,480 175,445

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 181,380 175,345
SHAREHOLDERS' FUNDS 181,480 175,445

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.

SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

STATEMENT OF FINANCIAL POSITION - 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 24 April 2025 and were signed by:





W A Siddique - Director


SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Seven Fives (UK) Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04452133

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% 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 statement of financial position date.


SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 152,500
AMORTISATION
At 1 August 2023 55,281
Amortisation for year 7,625
At 31 July 2024 62,906
NET BOOK VALUE
At 31 July 2024 89,594
At 31 July 2023 97,219

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 10,000 60,358 17,775 88,133
DEPRECIATION
At 1 August 2023 9,685 57,431 17,535 84,651
Charge for year 47 439 48 534
At 31 July 2024 9,732 57,870 17,583 85,185
NET BOOK VALUE
At 31 July 2024 268 2,488 192 2,948
At 31 July 2023 315 2,927 240 3,482

SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by connected undertakings 122,021 123,545
Other debtors 722 560
122,743 124,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 6,377 10,591
Taxation and social security 2,158 3,331
Other creditors 10,838 10,325
29,373 34,247

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 8,509 18,396

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,509 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,396

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SEVEN FIVES (UK) LTD. (REGISTERED NUMBER: 04452133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

2024 2023
£    £   
Amounts owed by/(to) W A Siddique (Director) (8,867 ) (6,563 )
Amounts owed by/(to) Goldline Car Services Ltd 72,021 73,545





Connected Undertakings:
Goldline Car Services Ltd