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Company Registration No. 13946306 (England and Wales)
7th Eye Tv Ltd Unaudited accounts for the year ended 31 December 2024
7th Eye Tv Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
3,369
2,197
Current assets
Debtors
5
57,036
-
Cash at bank and in hand
45,965
12,877
103,001
12,877
Creditors: amounts falling due within one year
6
(83,805)
(12,061)
Net current assets
19,196
816
Net assets
22,565
3,013
Capital and reserves
Called up share capital
1
1
Profit and loss account
22,564
3,012
Shareholders' funds
22,565
3,013
For the year ending 31 December 2024 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 31 January 2025 and were signed on its behalf by
Arber Pacarada Director Company Registration No. 13946306
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7th Eye Tv Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
7th Eye Tv Ltd is a private company, limited by shares, registered in England and Wales, registration number 13946306. The registered office is 75 Containerville, 1 Emma Street, London, E2 9FP.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
5 years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
-
2,451
2,451
Additions
1,455
334
1,789
At 31 December 2024
1,455
2,785
4,240
Depreciation
At 1 January 2024
-
254
254
Charge for the year
163
454
617
At 31 December 2024
163
708
871
Net book value
At 31 December 2024
1,292
2,077
3,369
At 31 December 2023
-
2,197
2,197
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
79,036
-
Accrued income and prepayments
(22,000)
-
57,036
-
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7th Eye Tv Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15,719
-
VAT
37,974
4,901
Trade creditors
13,634
(1,601)
Taxes and social security
7,954
594
Loans from directors
1,024
2,167
Accruals
7,500
6,000
83,805
12,061
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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