REGISTERED NUMBER: 06146092 (England and Wales)

7Tech Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

J G A Gooch

Miss K P Bain

Secretary:

Miss K P Bain

Registered office:

Saltire House, St Andrews

Church Road

Barningham

Suffolk

IP31 1EQ

Registered number:

06146092 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

31,217

20,122

Current assets

Debtors

5

149,849

200,429

Cash at bank

54,738

154,198

204,587

354,627

Creditors

Amounts falling due within one year

6

162,511

249,218

Net current assets

42,076

105,409

Total assets less current liabilities

73,293

125,531

Provisions for liabilities

5,826

4,922

Net assets

67,467

120,609

Capital and reserves

Called up share capital

100

100

Retained earnings

67,367

120,509

67,467

120,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 25 July 2025 and were signed on its behalf by:

J G A Gooch - Director

1.	Statutory information

7Tech 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 April 2024

28,279

1,480

19,784

Additions

-

-

917

At 31 March 2025

28,279

1,480

20,701

Depreciation

At 1 April 2024

27,658

1,331

14,376

Charge for year

155

37

949

At 31 March 2025

27,813

1,368

15,325

Net book value

At 31 March 2025

466

112

5,376

At 31 March 2024

621

149

5,408

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

56,318

13,948

119,809

Additions

20,704

563

22,184

At 31 March 2025

77,022

14,511

141,993

Depreciation

At 1 April 2024

45,431

10,891

99,687

Charge for year

8,060

1,888

11,089

At 31 March 2025

53,491

12,779

110,776

Net book value

At 31 March 2025

23,531

1,732

31,217

At 31 March 2024

10,887

3,057

20,122

5.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

141,877

197,527

Other debtors

7,972

2,902

149,849

200,429

6.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade creditors

124,383

194,154

Taxation and social security

27,976

47,461

Other creditors

10,152

7,603

162,511

249,218

7.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

J G A Gooch

Balance outstanding at start of year

-

-

Amounts advanced

4,537

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,537

-

Director J G Gooch had an overdrawn Director's loan account at the year end amounting to £4,536.42. This has been repaid during the following financial year.