Company Registration No. 14388830 (England and Wales)
7G Solutions Ltd
Unaudited accounts
for the period from 1 October 2023 to 31 March 2025
7G Solutions Ltd
Unaudited accounts
Contents
7G Solutions Ltd
Company Information
for the period from 1 October 2023 to 31 March 2025
Company Number
14388830 (England and Wales)
Registered Office
8 Little Road
Hayes
UB3 3BT
ENGLAND
7G Solutions Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
176
34,310
Creditors: amounts falling due within one year
-
(26,317)
Net current assets
176
10,093
Called up share capital
100
100
Profit and loss account
960
11,320
Shareholders' funds
1,060
11,420
For the period ending 31 March 2025 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 13 June 2025 and were signed on its behalf by
M K Javed
Director
Company Registration No. 14388830
7G Solutions Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2025
7G Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14388830. The registered office is 8 Little Road, Hayes, UB3 3BT, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% on costs
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
7G Solutions Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2025
The director has considered the period ahead and anticipates further losses in the coming year. The director believes that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows.
As a consequence, the director also believes that the company is well placed to manage its business risks successfully. As such, the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
4
Tangible fixed assets
Computer equipment
At 30 September 2023
1,327
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2023
Taxes and social security
-
6,054
Loans from directors
-
15,127
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7G Solutions Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2025
8
Transactions with related parties
Included in other creditors is an amount of £nil (2023: £15,127) owed to Mr M K Javed, a sole director and majority shareholder of the company.
During the period interim dividends of £nil (2023: £7,068) were paid to Mr M K Javed.
9
Average number of employees
During the period the average number of employees was 2 (2023: 5).