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 2021

End date: 30 November 2022

7HILLS TECHNOLOGIES LTD
Contents Page
For the year ended 30 November 2022

Statement of financial position	1
Notes to the financial statements	2

7HILLS TECHNOLOGIES LTD
Statement of Financial Position
As at 30 November 2022

	Notes	2022 £	2021 £
Current assets
Debtors		0	5,811
Cash at bank and in hand		211,981	62,508
		211,981	68,319
Creditors: amount falling due within one year		(75,233)	(42,809)
Net current assets		136,748	25,510

Total assets less current liabilities		136,748	25,510
Provisions for liabilities		(499)	(315)
Net assets		136,249	25,195

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		136,149	25,095
Shareholder's funds		136,249	25,195

For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 16 June 2023 and were signed on its behalf by:

Venkateswarlu Yaramothu
Director

7HILLS TECHNOLOGIES LTD
Notes to the Abridged Financial Statements
For the year ended 30 November 2022

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.

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 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.

Directors' Emoluments

Staff Costs

	2022	2021

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 (2021 : 3).

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
100 ORD shares of £1.00 each	100		100
	100		100