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REGISTERED NUMBER: 09335418 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Seven Stairs Ltd

Seven Stairs Ltd (Registered number: 09335418)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seven Stairs Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs I M Jones





SECRETARY: Dr J Newland





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 09335418 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Seven Stairs Ltd (Registered number: 09335418)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,473 62,396

CURRENT ASSETS
Stocks 4,492 5,392
Debtors 5 29,915 26,166
34,407 31,558
CREDITORS
Amounts falling due within one year 6 38,780 43,271
NET CURRENT LIABILITIES (4,373 ) (11,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,100

50,683

CREDITORS
Amounts falling due after more than one year 7 (27,338 ) (37,965 )

PROVISIONS FOR LIABILITIES 8 (11,480 ) (10,877 )
NET ASSETS 5,282 1,841

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 5,278 1,837
SHAREHOLDERS' FUNDS 5,282 1,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 September 2025 and were signed by:





Mrs I M Jones - Director


Seven Stairs Ltd (Registered number: 09335418)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Seven Stairs Ltd 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
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over period of lease
Plant and equipment - 20% on reducing balance basis
Motor vehicles - 25% on reducing balance basis

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,474 105,736 44,802 152,012
DEPRECIATION
At 1 January 2024 1,474 72,236 15,906 89,616
Charge for year - 6,699 7,224 13,923
At 31 December 2024 1,474 78,935 23,130 103,539
NET BOOK VALUE
At 31 December 2024 - 26,801 21,672 48,473
At 31 December 2023 - 33,500 28,896 62,396

Seven Stairs Ltd (Registered number: 09335418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 44,802
Transfer to ownership (17,000 )
At 31 December 2024 27,802
DEPRECIATION
At 1 January 2024 15,906
Charge for year 7,224
Transfer to ownership (10,725 )
At 31 December 2024 12,405
NET BOOK VALUE
At 31 December 2024 15,397
At 31 December 2023 28,896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,284 18,515
Other debtors 4,500 4,500
Prepayments 3,131 3,151
29,915 26,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,357 6,246
Hire purchase contracts 5,020 8,618
Trade creditors 3,672 14,065
Tax 7,690 5,011
Social security and other taxes 3,658 2,028
Other creditors 578 588
Directors' loan accounts 5,389 856
Accrued expenses 3,416 5,859
38,780 43,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,656 26,262
Hire purchase contracts 6,682 11,703
27,338 37,965

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 11,480 10,877

Seven Stairs Ltd (Registered number: 09335418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 10,877
Provided during year 603
Balance at 31 December 2024 11,480

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary 1.00 4 4

10. RESERVES
Retained
earnings
£   

At 1 January 2024 1,837
Profit for the year 28,441
Dividends (25,000 )
At 31 December 2024 5,278