Company Registration No. 09945660 (England and Wales)
Proverb 7 Limited
Unaudited accounts
for the year ended 31 January 2026
Proverb 7 Limited
Unaudited accounts
Contents
Proverb 7 Limited
Company Information
for the year ended 31 January 2026
Directors
Ms K L Allen
L C H Sherriff
N R Maglione
Company Number
09945660 (England and Wales)
Registered Office
The Barn
Ramsley Field
Station Road
Melbourne
Derbyshire
DE73 8BR
United Kingdom
Accountants
Hazelwood Accounting Services Ltd
24 South Street
Melbourne
Derbyshire
DE73 8GB
Proverb 7 Limited
Statement of financial position
as at 31 January 2026
Tangible assets
1,038
1,123
Cash at bank and in hand
12,427
28,578
Creditors: amounts falling due within one year
(470,923)
(468,298)
Net current liabilities
(376,373)
(337,409)
Total assets less current liabilities
(375,335)
(336,286)
Creditors: amounts falling due after more than one year
(7,899)
(10,160)
Net liabilities
(383,234)
(346,446)
Called up share capital
141
141
Share premium
89,987
89,987
Profit and loss account
(473,362)
(436,574)
Shareholders' funds
(383,234)
(346,446)
For the year ending 31 January 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by
L C H Sherriff
Director
Company Registration No. 09945660
Proverb 7 Limited
Notes to the Accounts
for the year ended 31 January 2026
Proverb 7 Limited is a private company, limited by shares, registered in England and Wales, registration number 09945660. The registered office is The Barn, Ramsley Field, Station Road, Melbourne, Derbyshire, DE73 8BR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in the period in which the goods and services were provided.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Computer equipment
Straight line over 3 years
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Proverb 7 Limited
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2025
1,491
458
1,949
At 31 January 2026
1,666
458
2,124
At 1 February 2025
368
458
826
Charge for the year
260
-
260
At 31 January 2026
628
458
1,086
At 31 January 2026
1,038
-
1,038
At 31 January 2025
1,123
-
1,123
Amounts falling due within one year
Accrued income and prepayments
-
578
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
2,261
4,826
Trade creditors
7,468
6,204
Taxes and social security
1,754
7,256
Other creditors
350,815
307,589
Loans from directors
108,149
138,935
7
Creditors: amounts falling due after more than one year
2026
2025
Aggregate of amounts that fall due for payment after five years
-
811
8
Average number of employees
During the year the average number of employees was 0 (2025: 1).