REGISTERED NUMBER: 10839576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 DECEMBER 2024

FOR

LUCKY SEVEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Grant

C A Jonns

REGISTERED OFFICE:

Jamesons House

Compton Way

Witney

Oxfordshire

OX28 3AB

REGISTERED NUMBER:

10839576 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

CURRENT ASSETS

Stocks

32,660

51,020

Debtors

6

5,366

1,155

Cash at bank

11,691

12,080

49,717

64,255

CREDITORS

Amounts falling due within one year

7

25,214

431,081

NET CURRENT ASSETS/(LIABILITIES)

24,503

(366,826

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,503

(366,826

)

CREDITORS

Amounts falling due after more than one year

8

416,398

21,482

NET LIABILITIES

(391,895

)

(388,308

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(391,896

)

(388,309

)

SHAREHOLDERS' FUNDS

(391,895

)

(388,308

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

N A Grant - Director

1.	STATUTORY INFORMATION

Lucky Seven 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.

The financial statements have been prepared on a going concern basis even though the company has net current assets at 27 December 2024 of £24,503 (2023: -£388,308).

The validity of the going concern principle is dependent upon the continued support of the director, C Jonns.

The balance sheet of the company includes loans from the director of £395,350 (2023 - £395,350). There is no fixed date for repayment of these loans.

If the company was unable to continue trading adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, provide for further liabilities that might arise and to reclassify fixed assets as current assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 27 December 2023

and 26 December 2024

29,013

AMORTISATION

At 27 December 2023

and 26 December 2024

29,013

NET BOOK VALUE

At 26 December 2024

-

At 26 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 27 December 2023

and 26 December 2024

24,037

DEPRECIATION

At 27 December 2023

and 26 December 2024

24,037

NET BOOK VALUE

At 26 December 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,096

955

Other debtors

270

200

5,366

1,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,455

8,889

Trade creditors

8,745

20,602

Taxation and social security

7,880

3,295

Other creditors

4,134

398,295

25,214

431,081

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

416,398

21,482

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 31 December 2024:

2024

£

Balance outstanding at start of year

-

Amounts advanced

4,431

Amounts repaid

(4,361

)

Amounts written off

-

Amounts waived

-

70