1 January 2024 false No description of principal activity Taxfiler 2024.6 09276113business:PrivateLimitedCompanyLtd2024-01-012024-12-31 092761132023-12-31 092761132024-01-012024-12-31 09276113business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 09276113business:FilletedAccounts2024-01-012024-12-31 092761132024-12-31 09276113business:Director12024-01-012024-12-31 09276113business:CompanySecretary12024-01-012024-12-31 09276113business:RegisteredOffice2024-01-012024-12-31 092761132023-12-31 09276113core:WithinOneYear2024-12-31 09276113core:WithinOneYear2023-12-31 09276113core:AfterOneYear2024-12-31 09276113core:AfterOneYear2023-12-31 09276113core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 09276113core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09276113core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 09276113core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09276113core:PreviouslyStatedAmount2024-12-31 09276113core:PreviouslyStatedAmount2023-12-31 09276113business:SmallEntities2024-01-012024-12-31 09276113countries:EnglandWales2024-01-012024-12-31 09276113core:PlantMachinery2024-01-012024-12-31 09276113core:FurnitureFittings2024-01-012024-12-31 09276113core:Goodwill2023-12-31 09276113core:Goodwill2024-01-012024-12-31 09276113core:Goodwill2024-12-31 09276113core:PlantMachinery2023-12-31 09276113core:MotorVehicles2023-12-31 09276113core:FurnitureFittings2023-12-31 09276113core:PlantMachinery2024-12-31 09276113core:MotorVehicles2024-12-31 09276113core:FurnitureFittings2024-12-31 09276113core:MotorVehicles2024-01-012024-12-31 092761132023-01-012023-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
SEVEN BRIDGES IM LTD Company Information for the year ended 31 December 2024
Director
Mr Ryan Parker
Secretary
Mr Ryan Parker
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
- 3 -
SEVEN BRIDGES IM LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,802,275 
1,840,112 
Tangible assets
48,414 
64,480 
1,850,689 
1,904,592 
Current assets
Debtors
3,341 
- 
Cash at bank and in hand
54,150 
96,275 
57,491 
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 
Capital and reserves
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
- 4 -
SEVEN BRIDGES IM LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
3,066,858 
Additions
283,000 
At 31 December 2024
3,349,858 
Amortisation
At 1 January 2024
1,226,746 
Charge for the year
320,837 
At 31 December 2024
1,547,583 
Net book value
At 31 December 2024
1,802,275 
At 31 December 2023
1,840,112 
- 5 -
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 
Depreciation
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 
Net book value
At 31 December 2024
398 
46,398 
1,618 
48,414 
At 31 December 2023
594 
61,864 
2,022 
64,480 
6
Debtors
2024 
2023 
£ 
£ 
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 
Accruals
5,031 
4,182 
1,396,328 
994,350 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
197,754 
Obligations under finance leases and hire purchase contracts
- 
53,515 
Other creditors
175,291 
309,076 
175,291 
560,345 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
- 6 -