Company Registration No. 09276113 (England and Wales)
SEVEN BRIDGES IM LTD
Unaudited accounts
for the year ended 31 December 2024
SEVEN BRIDGES IM LTD
Unaudited accounts
Contents
SEVEN BRIDGES IM LTD
Company Information
for the year ended 31 December 2024
Company Number
09276113 (England and Wales)
Registered Office
UNIT 2 BOSTON HOUSE
FIFTH AVENUE BUSINESS PARK
TEAM VALLEY
TYNE & WEAR
NE11 0HF
UNITED KINGDOM
Accountants
Genesis Accountants
0-2-40 The Grainger Suite
Dobson House
Regent Farm Road
Newcastle Upon Tyne
NE3 3PF
SEVEN BRIDGES IM LTD
Statement of financial position
as at 31 December 2024
Intangible assets
1,802,275
1,840,112
Tangible assets
48,414
64,480
Cash at bank and in hand
54,150
96,275
Creditors: amounts falling due within one year
(1,396,328)
(994,350)
Net current liabilities
(1,338,837)
(898,075)
Total assets less current liabilities
511,852
1,006,517
Creditors: amounts falling due after more than one year
(175,291)
(560,345)
Net assets
336,561
446,172
Called up share capital
100
100
Profit and loss account
336,461
446,072
Shareholders' funds
336,561
446,172
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Mr Ryan Parker
Director
Company Registration No. 09276113
SEVEN BRIDGES IM LTD
Notes to the Accounts
for the year ended 31 December 2024
SEVEN BRIDGES IM LTD is a private company, limited by shares, registered in England and Wales, registration number 09276113. The registered office is UNIT 2 BOSTON HOUSE, FIFTH AVENUE BUSINESS PARK, TEAM VALLEY, TYNE & WEAR, NE11 0HF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 January 2024
3,066,858
At 31 December 2024
3,349,858
At 1 January 2024
1,226,746
Charge for the year
320,837
At 31 December 2024
1,547,583
At 31 December 2024
1,802,275
At 31 December 2023
1,840,112
SEVEN BRIDGES IM LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
4,869
61,864
14,629
81,362
At 31 December 2024
4,869
61,864
14,629
81,362
At 1 January 2024
4,275
-
12,607
16,882
Charge for the year
196
15,466
404
16,066
At 31 December 2024
4,471
15,466
13,011
32,948
At 31 December 2024
398
46,398
1,618
48,414
At 31 December 2023
594
61,864
2,022
64,480
Amounts falling due within one year
Accrued income and prepayments
3,341
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
612,831
150,489
Obligations under finance leases and hire purchase contracts
52,241
8,349
Taxes and social security
293,756
160,641
Other creditors
430,832
603,200
Loans from directors
1,637
67,489
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
53,515
Other creditors
175,291
309,076
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).