7HILLS TECHNOLOGIES LTD - Accounts

7HILLS TECHNOLOGIES LTD - Accounts

7HILLS TECHNOLOGIES LTD - Company Information

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Registered Number: 11696794


 

 

 

7HILLS TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2019

End date: 30 November 2020

7HILLS TECHNOLOGIES LTD
Contents Page
For the year ended 30 November 2020
Report to the directors on the preparation of the unaudited statutory accounts of 7HILLS TECHNOLOGIES LTD for the year ended 30 November 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 7HILLS TECHNOLOGIES LTD for the year ended 30 November 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of 7HILLS TECHNOLOGIES LTD, as a body, in accordance with the terms of our engagement letter dated 31 August 2021 Our work has been undertaken solely to prepare for your approval the accounts of 7HILLS TECHNOLOGIES LTD and state those matters that we have agreed to state to the Board of Directors of 7HILLS TECHNOLOGIES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 7HILLS TECHNOLOGIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 7HILLS TECHNOLOGIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 7HILLS TECHNOLOGIES LTD. You consider that 7HILLS TECHNOLOGIES LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of 7HILLS TECHNOLOGIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2020



....................................................
Oasis Accountants Limited
Office Gold, Building 3, Chiswick Park,
566 Chiswick High Road
London
W4 5YA
31 August 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Current assets      
Debtors 22,098    0 
Cash at bank and in hand 20,845    23,457 
42,943    23,457 
Creditors: amount falling due within one year (42,566)   (19,755)
Net current assets 377    3,702 
 
Total assets less current liabilities 377    3,702 
Net assets 377    3,702 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 277    3,602 
Shareholders funds 377    3,702 
 


For the year ended 30 November 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 August 2021 and were signed on its behalf by:


--------------------------------
Venkateswarlu Yaramothu
Director
2
General Information
7HILLS TECHNOLOGIES LTD is a private company, limited by shares, registered in , registration number 11696794, registration address Citibase Newcastle-under-Lyme, Copthall House, King Street, Stoke-on-Trent, Newcastle-under-Lyme, ST5 1EL

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Directors' Emoluments

     

3.

Staff Costs

2020   2019
 
Average number of employees during the year Number   Number
Administration 3    3 
3    3 

4.

Average number of employees

Average number of employees during the year was 3 (2019 : 3).
5.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
100 ORD shares of £1.00 each 100    100 
100    100 

3