G7th Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

G7th Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04006037 . The registered office is 27 Westhawe, Bretton, Peterborough, PE3 8BA.

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. 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 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.

2.3. 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:

Fixtures & fittings

20% reducing balance

2.4. 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.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 in full.

Basic financial assets, including trade and other debtors, cash and bank balances, and investments in ordinary shares that are not publicly traded, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Such assets are subsequently carried at amortised cost using the effective interest method, less impairment where applicable.

Basic financial liabilities, including trade and other creditors, bank loans, director loans, and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets are derecognised when the contractual rights to the cash flows expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

Impairment losses are recognised where there is objective evidence that a financial asset is impaired.

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G7th Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. Foreign Currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the date of the trnasactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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

2.8. 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.

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G7th Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.9. 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.

2.10. 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

2.11. Finance costs

Finance costs are charged to profit or loss 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.

2.12. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.13. Interest income

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 5)

4. Tangible Assets

	Fixtures & fittings
	£
Cost
As at 1 July 2025	47,334
Additions	833
Disposals	(20,659 )

As at 30 June 2026	27,508

Depreciation
As at 1 July 2025	38,509
Provided during the period	1,444
Disposals	(18,501 )

As at 30 June 2026	21,452

Net Book Value
As at 30 June 2026	6,056

As at 1 July 2025	8,825

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G7th Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	22,109	23,845
Amounts owed by group undertakings	2,203	149,476
Other debtors	85,127	65,376

	109,439	238,697

Amounts owed by group undertaking are unsecured, interest free and repayable on demand.

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	4,610	20,470
Other creditors	39,263	30,165
Taxation and social security	2,071	11,190

	45,944	61,825

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

8. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the balance sheet date contributions of £1,087 (2025: £1,043) were due to the fund and are included in creditors.

9. Related Party Disclosures

Included within other creditors is a balance of £29,396 (2025: £15,184) owed to the director. No interest has been changed on this balance. The loan is unsecured and repayable on demand.

Included within other creditors is a balance of £312 (2025: £312) owed to a second director. No interest has been charged on this balance. The loan is unsecured and repayable on demand.

Included within other creditors is a balance of £312 (2025: £nil) owed to a third director. No interest has been charged on this balance. The loan is unsecured and repayable on demand.

Included within other creditors is a balance of £Nil (2025: £1,698) owed to a former director. No interest has been charged on this balance. The loan is unsecured and repayable on demand.

10. Controlling Parties

The company's ultimate controlling party is C7th Limited and holds all issued ordinary shares in this Company. C7th Limited registered address is 27 Westhawe Avenue, Bretton, Peterborough, PE1 8BA, and is incorporated in England and Wales.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,056		8,825

			6,056		8,825
CURRENT ASSETS
Stocks		333,920		276,332
Debtors	5	109,439		238,697
Cash at bank and in hand		186,409		238,764

		629,768		753,793
Creditors: Amounts Falling Due Within One Year	6	(45,944 )		(61,825 )

NET CURRENT ASSETS (LIABILITIES)			583,824		691,968

TOTAL ASSETS LESS CURRENT LIABILITIES			589,880		700,793

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,519 )		(601 )

NET ASSETS			588,361		700,192

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			588,261		700,092

SHAREHOLDERS' FUNDS			588,361		700,192