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Registration number: 13628729

7KC Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

7KC Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

7KC Limited

Registration number: 13628729

Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

492,604

474,595

Current assets

 

Debtors

5

12,347

10,159

Cash at bank and in hand

 

6,985

961

 

19,332

11,120

Creditors: Amounts falling due within one year

6

(86,892)

(23,434)

Net current liabilities

 

(67,560)

(12,314)

Net assets

 

425,044

462,281

Capital and reserves

 

Called up share capital

7

500,000

500,000

Retained earnings

(74,956)

(37,719)

Shareholders' funds

 

425,044

462,281



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

7KC Limited

Registration number: 13628729

Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

R D Williamson
Director

H J Williamson
Director

 
     

 

7KC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
63 Intwood Road
Cringleford
Norwich
Norfolk
NR4 6AA
England

The principal place of business is:
63 Intwood Road
Cringleford
Norwich
Norfolk
NR4 6AA
England

These financial statements were authorised for issue by the Board on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

7KC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

25% Reducing balance

Freehold property

2% Straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

7KC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

490,709

6,000

496,709

Additions

29,252

-

29,252

At 30 September 2024

519,961

6,000

525,961

Depreciation

At 1 October 2023

19,489

2,625

22,114

Charge for the yearyear

10,399

844

11,243

At 30 September 2024

29,888

3,469

33,357

Carrying amount

At 30 September 2024

490,073

2,531

492,604

At 30 September 2023

471,220

3,375

474,595

Included within the net book value of land and buildings above is £490,073 (2023 - £471,220) in respect of freehold land and buildings.
 

 

7KC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Prepayments

1,698

5,906

Other debtors

10,649

4,253

 

12,347

10,159

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors loan account

85,295

21,889

Other creditors

 

1,597

1,545

 

86,892

23,434

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

500,000

500,000

500,000

500,000