Company Registration No. 10204515 (England and Wales)
7 Miles a Minute Ltd
Unaudited accounts
for the year ended 31 May 2022
7 Miles a Minute Ltd
Unaudited accounts
Contents
7 Miles a Minute Ltd
Company Information
for the year ended 31 May 2022
Director
Mr R M Whitfield
Company Number
10204515 (England and Wales)
Registered Office
1 HIGHER CHEAP STREET
HIGHER CHEAP STREET
SHERBORNE
DORSET
DT9 3JD
ENGLAND
7 Miles a Minute Ltd
Accountants' report
Accountants' report to the director of 7 Miles a Minute Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 May 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
7 Miles a Minute Ltd
Statement of financial position
as at
31 May 2022
Tangible assets
2,040
1,113
Cash at bank and in hand
12,856
23,901
Creditors: amounts falling due within one year
1,402
(4,721)
Net current assets
15,479
25,794
Called up share capital
1
1
Profit and loss account
17,518
26,906
Shareholders' funds
17,519
26,907
For the year ending 31 May 2022 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 director acknowledges his 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 and authorised for issue on 27 September 2022 and were signed on its behalf by
Mr R M Whitfield
Director
Company Registration No. 10204515
7 Miles a Minute Ltd
Notes to the Accounts
for the year ended 31 May 2022
7 Miles a Minute Ltd is a private company, limited by shares, registered in England and Wales, registration number 10204515. The registered office is 1 HIGHER CHEAP STREET, HIGHER CHEAP STREET, SHERBORNE, DORSET, DT9 3JD, 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:
Computer equipment
Straight Line Depreciation at 20% per year
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
1,221
6,614
7 Miles a Minute Ltd
Notes to the Accounts
for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
(1,033)
5,468
Loans from directors
(854)
439
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).