Company Registration No. 11273366 (England and Wales)
Sevenseventeen Limited
Unaudited accounts
for the year ended 31 March 2024
Sevenseventeen Limited
Unaudited accounts
Contents
Sevenseventeen Limited
Company Information
for the year ended 31 March 2024
Directors
Naomi Reilly
Sarah Slade
Sarah Slade
Naomi Reilly
Company Number
11273366 (England and Wales)
Registered Office
62 Wallace Avenue
Worthing
West Sussex
BN11 5QF
England
Sevenseventeen Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
17,581
19,508
Creditors: amounts falling due within one year
(48,704)
(54,387)
Net current assets
4,377
10,121
Called up share capital
120
120
Profit and loss account
4,293
10,158
Shareholders' funds
4,413
10,278
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 May 2024 and were signed on its behalf by
Naomi Reilly
Director
Company Registration No. 11273366
Sevenseventeen Limited
Notes to the Accounts
for the year ended 31 March 2024
Sevenseventeen Limited is a private company, limited by shares, registered in England and Wales, registration number 11273366. The registered office is 62 Wallace Avenue, Worthing, West Sussex, BN11 5QF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on a straight line basis
Computer equipment
33.3% on a straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Sevenseventeen Limited
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,510
4,327
6,837
At 31 March 2024
2,510
4,327
6,837
At 1 April 2023
2,425
4,255
6,680
Charge for the year
85
36
121
At 31 March 2024
2,510
4,291
6,801
At 31 March 2023
85
72
157
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,873
11,854
Loans from directors
36,495
33,019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
20 Ordinary 'A' shares of £1 each
20
20
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
