Company registration number 13613532 (England and Wales)
7TSIX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
7TSIX LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
7TSIX LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
305,164
452,335
Current assets
Debtors
6
65,753
50,039
Cash at bank and in hand
74,317
102,793
140,070
152,832
Creditors: amounts falling due within one year
7
(250,628)
(333,897)
Net current liabilities
(110,558)
(181,065)
Total assets less current liabilities
194,606
271,270
Creditors: amounts falling due after more than one year
8
(190,694)
(326,297)
Net assets/(liabilities)
3,912
(55,027)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
3,712
(55,227)
Total equity
3,912
(55,027)

For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 July 2025
J Edge
Director
Company registration number 13613532 (England and Wales)
7TSIX Limited
7TSIX LIMITED
Notes to the financial statements
for the year ended 31 October 2024
- 2 -
1
Accounting policies
Company information

7TSIX Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit A1 Empire House, 11 Mulcture Hall Road, Halifax, HX1 1SP.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

7TSIX Limited
7TSIX LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Taxation
2024
2023
£
£
Current tax
Adjustments in respect of prior periods
(2,958)
-
0
Deferred tax
Origination and reversal of timing differences
-
0
(2,894)
Total tax credit
(2,958)
(2,894)
5
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023
140,030
3,948
534,750
678,728
Disposals
(59,446)
-
0
(10,000)
(69,446)
At 31 October 2024
80,584
3,948
524,750
609,282
Depreciation and impairment
At 1 November 2023
44,333
1,332
180,728
226,393
Depreciation charged in the year
23,924
1,196
88,505
113,625
Eliminated in respect of disposals
(31,309)
-
0
(4,591)
(35,900)
At 31 October 2024
36,948
2,528
264,642
304,118
7TSIX Limited
7TSIX LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2024
5
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
(Continued)
- 4 -
Carrying amount
At 31 October 2024
43,636
1,420
260,108
305,164
At 31 October 2023
95,697
2,616
354,022
452,335
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
63,999
11,733
Other debtors
-
0
1,969
Prepayments and accrued income
1,754
36,337
65,753
50,039
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
30,000
30,000
Hire purchase
97,871
82,455
Trade creditors
99,273
217,392
Taxation and social security
7,657
-
0
Other creditors
13,327
-
0
Accruals and deferred income
2,500
4,050
250,628
333,897

Obligations under hire purchases are secured against the asset to which they relate.

8
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
54,844
77,161
Hire purchase
135,850
249,136
190,694
326,297

Obligations under hire purchases are secured against the asset to which they relate.

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