7One7 Engineering Ltd - Filleted accounts

Registered number

11763012

7One7 Engineering Ltd

Filleted Accounts

31 March 2025

7One7 Engineering Ltd
Registered number:		11763012
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		848,527			687,388

Current assets
Stocks		5,000			5,000
Debtors	4	305,760			766,049
Investments held as current assets	5	9,490			7,500
Cash at bank and in hand		72,533			52,374
		392,783			830,923

Creditors: amounts falling due within one year	6	(302,569)			(398,995)

Net current assets			90,214			431,928

Total assets less current liabilities			938,741			1,119,316

Creditors: amounts falling due after more than one year	7		(178,743)			(286,025)

Provisions for liabilities			(82,207)			(86,526)


Net assets			677,791			746,765

Capital and reserves
Called up share capital			4			4
Profit and loss account			677,787			746,761

Shareholders' funds			677,791			746,765

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G Williams
Director
Approved by the board on 24 November 2025

7One7 Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 10 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		14


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	207,259		547,853		148,363		903,475
	Additions	157,665		71,117		-		228,782
	At 31 March 2025	364,924		618,970		148,363		1,132,257

	Depreciation
	At 1 April 2024	-		151,178		64,909		216,087
	Charge for the year	-		46,779		20,864		67,643
	At 31 March 2025	-		197,957		85,773		283,730

	Net book value
	At 31 March 2025	364,924		421,013		62,590		848,527
	At 31 March 2024	207,259		396,675		83,454		687,388


4	Debtors					2025		2024
£							£

	Trade debtors					155,759		454,267
	Other debtors					150,001		311,782
						305,760		766,049


5	Investments held as current assets					2025		2024
£							£
	Fair value
	Unlisted investments					9,490		7,500



6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					69,000		69,007
	Obligations under finance lease and hire purchase contracts					52,760		86,050
	Trade creditors					67,529		103,642
	Taxation and social security costs					48,280		75,296
	Other creditors					65,000		65,000
						302,569		398,995


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					149,651		218,666
	Obligations under finance lease and hire purchase contracts					29,092		67,359
						178,743		286,025


8	Other information

	7One7 Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	1-3 Mill Street
	Leominster
	HR6 8EB