Abbreviated Company Accounts - 7 COUNTIES LIMITED

7 COUNTIES LIMITED - Company Information

04753317 7 COUNTIES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 04753317 2015-06-01 2016-05-31 04753317 2016-05-31 04753317 2015-05-31 04753317 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 04753317 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 04753317

7 COUNTIES LIMITED

Abbreviated Accounts

31 May 2016

7 COUNTIES LIMITED Registered Number 04753317

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,000	5,000
		5,000	5,000
Current assets
Cash at bank and in hand		994	1,149
		994	1,149
Creditors: amounts falling due within one year		(4,836)	(3,540)
Net current assets (liabilities)		(3,842)	(2,391)
Total assets less current liabilities		1,158	2,609
Total net assets (liabilities)		1,158	2,609
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,156	2,607
Shareholders' funds		1,158	2,609

For the year ending 31 May 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 February 2017

And signed on their behalf by:
Mr P J Mack, Director

7 COUNTIES LIMITED Registered Number 04753317

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

FRS 102 is mandatory for accounting periods beginning on or after 1 January 2015. There has been no transitional impact on the financial statements with the change.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the fundamental currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sales of goods and provision of services in the ordinary course of business. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities

Tangible assets depreciation policy
Office equipment - 20% straight line

2Tangible fixed assets

	£
Cost
At 1 June 2015	5,629
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	5,629
Depreciation
At 1 June 2015	629
Charge for the year	-
On disposals	-
At 31 May 2016	629
Net book values
At 31 May 2016	5,000
At 31 May 2015	5,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2