| All7 Ltd |
| Registered number: |
03335273 |
| Statement of Financial Position |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
642,142 |
|
|
546,408 |
|
| Current assets |
| Debtors |
5 |
|
1,406,763 |
|
|
1,346,649 |
| Cash at bank and in hand |
|
|
96,872 |
|
|
10,749 |
|
|
|
1,503,635 |
|
|
1,357,398 |
|
| Creditors: amounts falling due within one year |
6 |
|
(289,086) |
|
|
(293,107) |
|
| Net current assets |
|
|
|
1,214,549 |
|
|
1,064,291 |
|
| Total assets less current liabilities |
|
|
|
1,856,691 |
|
|
1,610,699 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(187,497) |
|
|
(181,279) |
|
| Provisions for liabilities |
|
|
|
(34,398) |
|
|
(24,720) |
|
|
| Net assets |
|
|
|
1,634,796 |
|
|
1,404,700 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,634,696 |
|
|
1,404,600 |
|
| Shareholder's funds |
|
|
|
1,634,796 |
|
|
1,404,700 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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 special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P Spokes |
| Director |
| Approved by the board on 27 June 2023 |
|
| All7 Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is made up of revenue earned from the rendering of services. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Land and Buildings |
No depreciation charged |
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
|
| 2 |
Employees and directors |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
35 |
|
21 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Government grants |
|
The company has received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.
The company also received a business interruption payment relating to interest payable on a bounce back loan taken out in the period. The grant is shown in the the profit and loss in the period in which the related interest was incurred. |
|
|
|
|
|
|
|
2023 |
|
2022 |
| £ |
£ |
|
|
Grants received under the covid job retention scheme |
- |
|
97,951 |
|
Business interruption payments |
833 |
|
1,458 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
416,304 |
|
71,762 |
|
230,451 |
|
718,517 |
|
Additions |
44,798 |
|
13,443 |
|
176,187 |
|
234,428 |
|
Disposals |
- |
|
(5,799) |
|
(172,022) |
|
(177,821) |
|
At 31 March 2023 |
461,102 |
|
79,406 |
|
234,616 |
|
775,124 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
- |
|
36,645 |
|
135,464 |
|
172,109 |
|
Charge for the year |
- |
|
11,678 |
|
48,669 |
|
60,347 |
|
On disposals |
- |
|
(3,952) |
|
(95,522) |
|
(99,474) |
|
At 31 March 2023 |
- |
|
44,371 |
|
88,611 |
|
132,982 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
461,102 |
|
35,035 |
|
146,005 |
|
642,142 |
|
At 31 March 2022 |
416,304 |
|
35,117 |
|
94,987 |
|
546,408 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
32,408 |
|
2,435 |
|
Prepayments |
5,044 |
|
4,950 |
|
Accrued income |
92,589 |
|
81,754 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,139,006 |
|
1,139,080 |
|
Other debtors |
137,716 |
|
118,430 |
|
|
|
|
|
|
1,406,763 |
|
1,346,649 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans and overdrafts |
61,995 |
|
31,862 |
|
Obligations under finance lease and hire purchase contracts |
36,549 |
|
30,733 |
|
Trade creditors |
13,319 |
|
30,022 |
|
Accruals |
6,682 |
|
5,249 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
18,822 |
|
- |
|
Corporation tax |
79,497 |
|
121,431 |
|
Other taxes and social security costs |
67,713 |
|
62,583 |
|
Other creditors |
4,509 |
|
11,227 |
|
|
|
|
|
|
289,086 |
|
293,107 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
94,119 |
|
142,648 |
|
Obligations under finance lease and hire purchase contracts |
93,378 |
|
38,631 |
|
|
|
|
|
|
187,497 |
|
181,279 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
P Spokes |
|
Repayable on demand |
17,179 |
|
2,221 |
|
17,179 |
|
2,221 |
|
|
|
17,179 |
|
2,221 |
|
17,179 |
|
2,221 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
All7 Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Index House |
|
St. Georges Lane |
|
Ascot |
|
Berkshire |
|
SL5 7ET |
