Accounts Submission

Accounts Submission

IF 7 LIMITED - Company Information

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IF 7 LIMITED

Company Registration Number:
04029011 (England and Wales)

Unaudited micro entity accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

Page 1

IF 7 LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Footnotes to the Balance Sheet - 8

Page 2

IF 7 LIMITED

Company Information

for the Period Ended 31 March 2021




Director: Mark Hart
Lindsay Davies
Registered office: 14
St Marys Road
Cowes
Isle Of Wight
PO31 7SU
Company Registration Number: 04029011 (England and Wales)

Page 3

IF 7 LIMITED

Directors' Report Period Ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Principal Activities

Yachting and Catering services

Political and charitable donations

There were no donations made during the year.

Company policy on the employment of disabled persons

The company is willing to employ disabled persons, but does not foresee any vacancies.

Directors

The directors shown below have held office during the whole of the period from 01 April 2020 to 31 March 2021
Mark Hart
Lindsay Davies

This report was approved by the board of directors on 16 December 2021
And Signed On Behalf Of The Board By:

Name: Mark Hart
Status: Director

Page 4

IF 7 LIMITED

Profit and Loss Account

for the Period Ended 31 March 2021


2021
£
2020
£
Turnover 576 18,175
Cost of Materials ( 1,822 ) ( 4,446 )
Staff Costs ( 4,997 ) ( 9,696 )
Other charges ( 1,498 ) ( 2,734 )
Profit or (Loss) for Period ( 7,741 ) 1,299

Page 5

IF 7 LIMITED

Balance sheet

As at 31 March 2021


2021
£
2020
£
Fixed Assets: 20,290 20,290
Current assets: 3,919 5,844
Creditors: amounts falling due within one year: ( 34,962 ) ( 27,146 )
Net current assets (liabilities): ( 31,043 ) ( 21,302 )
Total assets less current liabilities: ( 10,753 ) ( 1,012 )
Total net assets (liabilities): ( 10,753 ) ( 1,012 )
Capital and reserves: ( 10,753 ) ( 1,012 )

Page 6

IF 7 LIMITED

Balance sheet continued

For the year ending 31 March 2021 the company was entitled to exemption 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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 16 December 2021
And Signed On Behalf Of The Board By:

Name: Mark Hart
Status: Director

The notes form part of these financial statements

Page 7

IF 7 LIMITED

Footnotes to the Financial Statements

for the Period Ended 31 March 2021

  • 1. Employee Information

    Average number of employees: 2

Page 8

IF 7 LIMITED

Footnotes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Off balance sheet disclosure

    No

Page 9