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Company Registration No. 04892985 (England and Wales)
T24 Seven Limited Unaudited accounts for the year ended 31 December 2024
T24 Seven Limited Unaudited accounts Contents
Page
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T24 Seven Limited Company Information for the year ended 31 December 2024
Directors
Mr N Horne Mrs N Horne
Company Number
04892985 (England and Wales)
Registered Office
UNIT 4G SOUTH HAMS BUSINESS PARK CHURCHSTOW KINGSBRIDGE DEVON TQ7 3QH ENGLAND
Accountants
Helen Solomon Ltd Unit 4G South Hams Business Park Kingsbridge Devon TQ7 3QH
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T24 Seven Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
21,083 
Tangible assets
420,086 
334,719 
420,086 
355,802 
Current assets
Inventories
22,276 
20,566 
Debtors
59,856 
43,874 
Cash at bank and in hand
119,266 
73,282 
201,398 
137,722 
Creditors: amounts falling due within one year
(142,987)
(113,790)
Net current assets
58,411 
23,932 
Total assets less current liabilities
478,497 
379,734 
Creditors: amounts falling due after more than one year
(193,962)
(206,733)
Provisions for liabilities
Deferred tax
(42,890)
(16,949)
Net assets
241,645 
156,052 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
241,545 
155,952 
Shareholders' funds
241,645 
156,052 
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 directors acknowledge their 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 of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by
Mr N Horne Director Company Registration No. 04892985
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T24 Seven Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
T24 Seven Limited is a private company, limited by shares, registered in England and Wales, registration number 04892985. The registered office is UNIT 4G SOUTH HAMS BUSINESS PARK, CHURCHSTOW, KINGSBRIDGE, DEVON, TQ7 3QH, ENGLAND.
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:
Land & buildings
The building structure current value exceeds cost, so is not depreciated.
Plant & machinery
20% Reducing Balance pa and 8% Straight Line pa on Plant within the buildings
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
115,000 
At 31 December 2024
115,000 
Amortisation
At 1 January 2024
93,917 
Charge for the year
21,083 
At 31 December 2024
115,000 
Net book value
At 31 December 2024
- 
At 31 December 2023
21,083 
Goodwill has been acquired on the purchase of the business on 2nd December 2019. It will be amortised equally over 5 years.
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T24 Seven Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
313,365 
105,114 
- 
4,456 
422,935 
Additions
24,521 
37,260 
57,846 
- 
119,627 
At 31 December 2024
337,886 
142,374 
57,846 
4,456 
542,562 
Depreciation
At 1 January 2024
30,200 
55,917 
- 
2,099 
88,216 
Charge for the year
13,337 
8,883 
11,569 
471 
34,260 
At 31 December 2024
43,537 
64,800 
11,569 
2,570 
122,476 
Net book value
At 31 December 2024
294,349 
77,574 
46,277 
1,886 
420,086 
At 31 December 2023
283,165 
49,197 
- 
2,357 
334,719 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,420 
- 
Accrued income and prepayments
23,436 
8,874 
Other debtors
35,000 
35,000 
59,856 
43,874 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,750 
- 
VAT
33,406 
27,164 
Obligations under finance leases and hire purchase contracts
12,107 
- 
Trade creditors
27,425 
24,305 
Taxes and social security
46,153 
47,644 
Other creditors
11,239 
8,955 
Accruals
3,907 
5,722 
142,987 
113,790 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,856 
- 
Obligations under finance leases and hire purchase contracts
48,784 
- 
Loans from directors
110,322 
206,733 
193,962 
206,733 
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T24 Seven Limited Notes to the Accounts for the year ended 31 December 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Pension commitments
The company pension is a defined contribution pension into the NEST Pension Scheme.
11
Loans to directors
The Directors have loaned the company £110,322 (£206,733 at 31/12/2023) to enable it to purchase the business and to update the plant and equipment of the business. Repayments of the loan will be made when there is sufficient funds in the company to do so, there is currently no agreed repayment date or method.
12
Transactions with related parties
Dividends totalling £60,000 were paid during the year to the shareholders who are also the directors of the company. A formal loan of £35,000 has been made to Salcombe Suppers Ltd a company controlled by family members of the Directors.
13
Average number of employees
During the year the average number of employees was 26 (2023: 26).
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