ASSIGNMENT SEVEN LIMITED


Director	WEST, Graham


Registered Address	Graham West Salon Craycombe Farm
	Fladbury
	Pershore
	WR10 2QS


Registered Number	11691887 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		7,252		7,957
			7,252		7,957
Current assets
Stocks	4	6,203		4,193
Debtors	5	94,431		55,851
Cash at bank and on hand		12,675		20,960
		113,309		81,004
Creditors amounts falling due within one year	6	(81,781)		(67,529)
Net current assets (liabilities)			31,528		13,475
Total assets less current liabilities			38,780		21,432
Creditors amounts falling due after one year	7		(34,390)		(19,835)
Provisions for liabilities	8		(1,813)		(1,491)
Net assets			2,577		106
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,477		6
Shareholders' funds			2,577		106

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2026, and are signed on its behalf by:

WEST, Graham
Director
Registered Company No. 11691887

ASSIGNMENT SEVEN LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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 as modified by the revaluation of certain assets.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Office Equipment	25

	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 items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		5

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	2,288	9,955	833	13,076
Additions	-	552	-	552
At 31 December 25	2,288	10,507	833	13,628
Depreciation and impairment
At 01 January 25	373	4,133	613	5,119
Charge for year	287	915	55	1,257
At 31 December 25	660	5,048	668	6,376
Net book value
At 31 December 25	1,628	5,459	165	7,252
At 31 December 24	1,915	5,822	220	7,957

4.	Stocks

	2025	2024
	£	£
Finished goods	6,203	4,193
Total	6,203	4,193

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	94,431	54,601
Prepayments and accrued income	-	1,250
Total	94,431	55,851

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	629	3,175
Bank borrowings and overdrafts	1,029	5,994
Taxation and social security	78,343	55,835
Accrued liabilities and deferred income	1,780	2,525
Total	81,781	67,529

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	34,390	19,835
Total	34,390	19,835

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,813	1,491
Total	1,813	1,491

9.	Directors advances, credits and guarantees
	As at 31 December 2025, G West, owed the company £80,663 by way of a directors loan account. (2024: £40,833) Interest has been charged in accordance with the official rate of interest.