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Registered number: 06595005
7 Ply Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
7 Ply Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
7 Ply Ltd
Balance Sheet
As At 30 June 2024
Balance Sheet
Registered number: 06595005

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 19,529 |  | 21,362
|  |  | 19,529 |  | 21,362
CURRENT ASSETS
Stocks | 5 | 1,083,065 |  | 1,078,827 |
Debtors | 6 | 457,336 |  | 440,755 |
Cash at bank and in hand |  | 132,404 |  | 270 |
|  | 1,672,805 |  | 1,519,852 |
Creditors: Amounts Falling Due Within One Year | 7 | (995,193 ) |  | (1,135,785 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 677,612 |  | 384,067
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 697,141 |  | 405,429
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (45,833 ) |  | (95,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,883 ) |  | (4,059 )
NET ASSETS |  |  | 646,425 |  | 305,537
CAPITAL AND RESERVES
Called up share capital |  |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 645,425 |  | 304,537
SHAREHOLDERS' FUNDS |  |  | 646,425 |  | 305,537

Page 1
Page 2
7 Ply Ltd
Balance Sheet (continued)
As At 30 June 2024
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Nathaniel Rendell Director
16 June 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
7 Ply Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2024
Notes to the Financial Statements
1. General Information
7 Ply Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06595005 . The registered office is 1 Horizon Park, Innovation Close, Poole, Dorset, BH12 4FP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The Financial Statements are presented in £ sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance
Motor Vehicles | 25% reducing balance
Computer Equipment | 25% reducing balance

2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
7 Ply Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2024
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 July 2023 | 58,859 | 4,900 | 4,242 | 68,001
Additions | 1,983 | - | 1,882 | 3,865
As at 30 June 2024 | 60,842 | 4,900 | 6,124 | 71,866
Depreciation
As at 1 July 2023 | 40,517 | 4,246 | 1,876 | 46,639
Provided during the period | 4,850 | 164 | 684 | 5,698
As at 30 June 2024 | 45,367 | 4,410 | 2,560 | 52,337
Net Book Value
As at 30 June 2024 | 15,475 | 490 | 3,564 | 19,529
As at 1 July 2023 | 18,342 | 654 | 2,366 | 21,362

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Finished goods | 1,083,065 |  | 1,078,827

Page 4
Page 5
7 Ply Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2024
6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 46,932 |  | -
Prepayments and accrued income | 76,101 |  | 90,387
| 123,033 |  | 90,387
Due after more than one year
Amounts owed by group undertakings | 334,303 |  | 350,368
| 457,336 |  | 440,755

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 586,890 |  | 676,251
Bank loans and overdrafts | 50,000 |  | 140,146
Other taxes and social security | 246,140 |  | 21,343
Other creditors | 41,190 |  | 227,295
Accruals and deferred income | 3,750 |  | 3,750
Amounts owed to parent undertaking | 67,223 |  | 67,000
| 995,193 |  | 1,135,785

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 45,833 |  | 95,833

9. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent company is Since Ninety Three Ltd. Its registered office is 1 Horizon Park, Innovaation Close, Poole, Dorset, BH12 4FP.
Page 5