ITSEVEN LTD - Filleted accounts

Registered number

11115558

ITSEVEN LTD

Unaudited Filleted Accounts

31 December 2025

ITSEVEN LTD

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ITSEVEN LTD for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITSEVEN LTD for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.

Weber & Associates
Chartered Accountants
5 St John's Lane
London
EC1M 4BH

15 September 2026

ITSEVEN LTD
Registered number:		11115558
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1			1
Tangible assets	4		8			1,380
			9			1,381

Current assets
Cash at bank and in hand		586			162

Creditors: amounts falling due within one year	5	(38,521)			(32,725)

Net current liabilities			(37,935)			(32,563)

Total assets less current liabilities			(37,926)			(31,182)


Provisions for liabilities			(525)			(525)


Net liabilities			(38,451)			(31,707)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(38,452)			(31,708)

Shareholder's funds			(38,451)			(31,707)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




S. Serdyuk
Director
Approved by the board on 15 September 2026

ITSEVEN LTD
Notes to the Accounts
for the year ended 31 December 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).

	Going concern
	The Company incurred a loss during the year and, at the reporting date, had net liabilities. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern. The director has considered the Company's current financial position, expected future trading and working capital requirements for a period of at least twelve months from the date of approval of these financial statements. In making this assessment, the director has taken into account the continued availability of financial support from the director. The director is currently based in Ukraine and is subject to restrictions on leaving the country without official permission. These restrictions may limit his ability to travel to the United Kingdom and undertake certain business activities and therefore create additional uncertainty over the Company's future trading activities. Having considered these factors, the director has a reasonable expectation that the Company will have adequate resources to meet its liabilities as they fall due and to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. The financial statements do not include any adjustments that would be necessary if the Company were unable to continue as a going concern.

	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 rendering of services. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Fixtures, fittings, tools and equipment	over 4 years

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£
	Rights:

	Cost
	At 1 January 2025				7
	At 31 December 2025				7

	Amortisation
	At 1 January 2025				6
	At 31 December 2025				6

	Net book value
	At 31 December 2025				1
	At 31 December 2024				1

	Rights are being written off in equal annual instalments over its estimated economic life of 7 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2025				20,039
	At 31 December 2025				20,039

	Depreciation
	At 1 January 2025				18,659
	Charge for the year				1,372
	At 31 December 2025				20,031

	Net book value
	At 31 December 2025				8
	At 31 December 2024				1,380


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

	Taxation and social security costs		199		147
	Other creditors		38,322		32,578
			38,521		32,725


6	Related party transactions

	As at the balance sheet date, the Company owed Mr S. Serdyuk a sum of £37,688 (2024: £31,944).


7	Controlling party

	Mr S. Serdyuk, a director of the Company, controls the Company, as a result of controlling directly or indirectly, 100 per cent of the issued share capital of the Company.


8	Other information

	ITSEVEN LTD is a private company limited by shares and incorporated in England. Its registered office is:
	39 Brampton Road
	Croydon
	CR0 6JN