VII Fold Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

VII Fold Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04638252 . The registered office is 22 Magdalen Street, London Bridge, London, SE1 2RH.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over lease term
Plant & Machinery	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.8. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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VII Fold Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

2.11. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.12. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.13. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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

2.14. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.15. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 17)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2024	530

As at 31 January 2025	530

Net Book Value
As at 31 January 2025	530

As at 1 February 2024	530

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VII Fold Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	49,463	33,104	30,665	21,161	134,393
Additions	-	-	-	556	556

As at 31 January 2025	49,463	33,104	30,665	21,717	134,949

Depreciation
As at 1 February 2024	21,198	32,529	27,794	17,945	99,466
Provided during the period	7,066	144	718	943	8,871

As at 31 January 2025	28,264	32,673	28,512	18,888	108,337

Net Book Value
As at 31 January 2025	21,199	431	2,153	2,829	26,612

As at 1 February 2024	28,265	575	2,871	3,216	34,927

6. Stocks

	2025	2024
	£	£
Goods for resale	51,800	56,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	313,453	375,848
Prepayments and accrued income	10,425	11,567
Other debtors	1,150	150

	325,028	387,565

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	230,172	247,518
Corporation tax	47,971	42,457
Other taxes and social security	8,514	7,293
VAT	4,277	1,858
Pension contributions due	4,872	3,425
Credit card	6,388	11,223
Accruals and deferred income	4,485	4,275

	306,679	318,049

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VII Fold Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Pension Commitments

At the balance sheet date contributions of £4,872 (2024: £3,425) were due to the fund and are included in creditors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		530		530
Tangible Assets	5		26,612		34,927

			27,142		35,457
CURRENT ASSETS
Stocks	6	51,800		56,000
Debtors	7	325,028		387,565
Cash at bank and in hand		282,789		349,967

		659,617		793,532
Creditors: Amounts Falling Due Within One Year	8	(306,679 )		(318,049 )

NET CURRENT ASSETS (LIABILITIES)			352,938		475,483

TOTAL ASSETS LESS CURRENT LIABILITIES			380,080		510,940

NET ASSETS			380,080		510,940

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			379,080		509,940

SHAREHOLDERS' FUNDS			380,080		510,940

Mr M Stearn Director	Mr G Seaward Director
29/10/2025