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Company Registration No. 11061746 (England and Wales)
7 MARKET STREET LTD Unaudited accounts for the year ended 30 November 2024
7 MARKET STREET LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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7 MARKET STREET LTD Company Information for the year ended 30 November 2024
Director
Hana Louise Glover-Booth
Company Number
11061746 (England and Wales)
Registered Office
7 MARKET STREET NOTTINGHAM NG1 6HY UNITED KINGDOM
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7 MARKET STREET LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,675
6,000
Current assets
Cash at bank and in hand
48,172
42,759
Creditors: amounts falling due within one year
5
(21,410)
(21,021)
Net current assets
26,762
21,738
Total assets less current liabilities
28,437
27,738
Creditors: amounts falling due after more than one year
6
(4,110)
(6,847)
Net assets
24,327
20,891
Capital and reserves
Called up share capital
100
100
Profit and loss account
24,227
20,791
Shareholders' funds
24,327
20,891
For the year ending 30 November 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 her 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 20 May 2025 and were signed on its behalf by
Hana Louise Glover-Booth Director Company Registration No. 11061746
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7 MARKET STREET LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
7 MARKET STREET LTD is a private company, limited by shares, registered in England and Wales, registration number 11061746. The registered office is 7 MARKET STREET, NOTTINGHAM, NG1 6HY, 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Other Operating Income Includes Government Grants of: 1- NCC Rates Grant of £10,000/- 2- Job Retention Grant of £8,239/-
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:
Fixtures & fittings
15% Straight Line Method
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 December 2023
28,830
At 30 November 2024
28,830
Depreciation
At 1 December 2023
22,830
Charge for the year
4,325
At 30 November 2024
27,155
Net book value
At 30 November 2024
1,675
At 30 November 2023
6,000
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7 MARKET STREET LTD Notes to the Accounts for the year ended 30 November 2024
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
1,821
1,432
Loans from directors
19,589
19,589
21,410
21,021
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
4,110
6,847
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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