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Company Registration No. 13159207 (England and Wales)
7GRACES LTD Unaudited accounts for the year ended 31 January 2025
7GRACES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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7GRACES LTD Company Information for the year ended 31 January 2025
Director
Abimbola Margaret Aweh
Company Number
13159207 (England and Wales)
Registered Office
10 REED COURT GREENHITHE DA9 9FJ ENGLAND
Accountants
ACEG ASSOCIATES LTD 271 PORTERS AVENUE DAGENHAM ESSEX RM9 4LX
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7GRACES LTD Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
73,802
89,660
Current assets
Inventories
5,492
-
Cash at bank and in hand
3,975
6,435
9,467
6,435
Creditors: amounts falling due within one year
5
-
(8,518)
Net current assets/(liabilities)
9,467
(2,083)
Total assets less current liabilities
83,269
87,577
Creditors: amounts falling due after more than one year
6
(74,095)
(91,500)
Net assets/(liabilities)
9,174
(3,923)
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,074
(4,023)
Shareholders' funds
9,174
(3,923)
For the year ending 31 January 2025 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 her 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 23 October 2025 and were signed on its behalf by
Abimbola Margaret Aweh Director Company Registration No. 13159207
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7GRACES LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
7GRACES LTD is a private company, limited by shares, registered in England and Wales, registration number 13159207. The registered office is 10 REED COURT, GREENHITHE, DA9 9FJ, ENGLAND.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
104,920
598
105,518
At 31 January 2025
104,920
598
105,518
Depreciation
At 1 February 2024
15,738
120
15,858
Charge for the year
15,738
120
15,858
At 31 January 2025
31,476
240
31,716
Net book value
At 31 January 2025
73,444
358
73,802
At 31 January 2024
89,182
478
89,660
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
8,518
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
74,095
91,500
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7GRACES LTD Notes to the Accounts for the year ended 31 January 2025
7
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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