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REGISTERED NUMBER: 08200121 (England and Wales)














Financial Statements for the Year Ended 30 September 2024

for

7 Upholstery Limited

7 Upholstery Limited (Registered number: 08200121)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


7 Upholstery Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr M Bessell





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08200121 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

7 Upholstery Limited (Registered number: 08200121)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,949 2,359

CURRENT ASSETS
Inventories 395 50
Debtors 5 6,835 18,087
Cash at bank 23,002 33,077
30,232 51,214
CREDITORS
Amounts falling due within one year 6 6,566 17,836
NET CURRENT ASSETS 23,666 33,378
TOTAL ASSETS LESS CURRENT LIABILITIES 25,615 35,737

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,613 35,735
SHAREHOLDERS' FUNDS 25,615 35,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

7 Upholstery Limited (Registered number: 08200121)

Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Mr M Bessell - Director


7 Upholstery Limited (Registered number: 08200121)

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

1. STATUTORY INFORMATION

7 Upholstery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

7 Upholstery Limited (Registered number: 08200121)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 5,150 1,630 4,142 10,922
DEPRECIATION
At 1 October 2023 4,361 629 3,573 8,563
Charge for year 118 150 142 410
At 30 September 2024 4,479 779 3,715 8,973
NET BOOK VALUE
At 30 September 2024 671 851 427 1,949
At 30 September 2023 789 1,001 569 2,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 6,835 18,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 227 -
Trade creditors 1,237 400
Taxation and social security 4,934 16,900
Other creditors 168 536
6,566 17,836

7. RELATED PARTY DISCLOSURES

The Director Mr M Bessell is considered to be the key management personnel.