SEVENS LIMITED
|
Registered number: |
02598271
|
Abbreviated Balance Sheet |
as at 30 April 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
240,000 |
|
|
240,000 |
Tangible assets |
3 |
|
|
257 |
|
|
1,406 |
|
|
|
|
240,257 |
|
|
241,406 |
|
Current assets |
Stocks |
|
|
1,100 |
|
|
51,887 |
Debtors |
|
|
- |
|
|
4,831 |
Cash at bank and in hand |
|
|
68,765 |
|
|
19,029 |
|
|
|
69,865 |
|
|
75,747 |
|
Creditors: amounts falling due within one year |
|
|
(282,644) |
|
|
(272,632) |
|
Net current liabilities |
|
|
|
(212,779) |
|
|
(196,885) |
|
Net assets |
|
|
|
27,478 |
|
|
44,521 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
27,378 |
|
|
44,421 |
|
Shareholders' funds |
|
|
|
27,478 |
|
|
44,521 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
T BUTLER |
Director |
Approved by the board on 6 December 2016
|
|
SEVENS LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 30 April 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
20% straight line
|
|
Furniture & fittings |
10% straight line
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
240,000 |
|
At 30 April 2016 |
240,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 30 April 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
240,000 |
|
At 30 April 2015 |
240,000 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
28,834 |
|
Disposals |
(6,000) |
|
At 30 April 2016 |
22,834 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2015 |
27,428 |
|
Charge for the year |
1,149 |
|
On disposals |
(6,000) |
|
At 30 April 2016 |
22,577 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
257 |
|
At 30 April 2015 |
1,406 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
5 |
Loans to (from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
T Butler
|
|
Included in creditors: amounts falling due within one year
|
(126,810) |
|
- |
|
(6,029) |
|
(132,839) |
|
|
B Butler
|
|
Included in creditors: amounts falling due within one year
|
(126,812) |
|
- |
|
(6,029) |
|
(132,841) |
|
|
|
(253,622) |
|
- |
|
(12,058) |
|
(265,680) |
|
|
|
|
|
|
|
|
|
|
6 |
Contol relationships |
|
|
The company is controlled by Mr T Butler and Mrs B Butler who are the only directors and each hold 50% of the issued share capital.
|