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. 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.

2.4. 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.

2.5. 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

2.6. 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.

2.7. 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.

2.8. 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.

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VII Fold Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.9. Interest Receivable

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

2.10. 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.

2.11. 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.

2.12. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.13. 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.

2.14. 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: 17 (2025: 16)

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VII Fold Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	530

As at 31 January 2026	530

Net Book Value
As at 31 January 2026	530

As at 1 February 2025	530

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	49,463	33,104	30,665	21,717	134,949
Additions	-	-	163	6,204	6,367

As at 31 January 2026	49,463	33,104	30,828	27,921	141,316

Depreciation
As at 1 February 2025	28,264	32,673	28,512	18,888	108,337
Provided during the period	7,066	108	579	2,258	10,011

As at 31 January 2026	35,330	32,781	29,091	21,146	118,348

Net Book Value
As at 31 January 2026	14,133	323	1,737	6,775	22,968

As at 1 February 2025	21,199	431	2,153	2,829	26,612

6. Stocks

	2026	2025
	£	£
Goods for resale	38,000	51,800

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	434,823	313,453
Prepayments and accrued income	10,413	10,425
Other debtors	150	1,150
VAT	10,384	-
Other taxes and social security	582	-

	456,352	325,028

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VII Fold Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	381,816	230,172
Corporation tax	57,978	47,971
Other taxes and social security	-	8,514
VAT	-	4,277
Pension contributions due	5,931	4,872
Credit card	7,223	6,388
Accruals	4,600	4,485

	457,548	306,679

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Pension Commitments

At the balance sheet date contributions of £5,931 (2025: £4,872) were due to the fund and are included in creditors.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		530		530
Tangible Assets	5		22,968		26,612

			23,498		27,142
CURRENT ASSETS
Stocks	6	38,000		51,800
Debtors	7	456,352		325,028
Cash at bank and in hand		241,002		282,789

		735,354		659,617
Creditors: Amounts Falling Due Within One Year	8	(457,548 )		(306,679 )

NET CURRENT ASSETS (LIABILITIES)			277,806		352,938

TOTAL ASSETS LESS CURRENT LIABILITIES			301,304		380,080

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,209 )		-

NET ASSETS			299,095		380,080

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			298,095		379,080

SHAREHOLDERS' FUNDS			299,095		380,080

Mr G Seaward Director	Mr M Stearn Director
23/10/2026