Seventh Wonder Surveyors Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 07644309 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Seventh Wonder Surveyors Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Adow

SECRETARY:

REGISTERED OFFICE:

39 Oakley Drive

Harold Wood

Essex

RM3 9XS

REGISTERED NUMBER:

07644309 (England and Wales)

ACCOUNTANTS:

MSS Accountancy Services Ltd

341 Garratt Lane

Wandsworth

London

SW18 4DX

The director presents his report with the financial statements of the company for the year ended 31 May 2021.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of consultancy services.

DIRECTOR

A Adow held office during the whole of the period from 1 June 2020 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Adow - Director

7 September 2021

TURNOVER

7,306

57,896

Administrative expenses

7,009

12,272

OPERATING PROFIT

4

297

45,624

Interest payable and similar expenses

84

78

PROFIT BEFORE TAXATION

213

45,546

Tax on profit

-

8,047

PROFIT FOR THE FINANCIAL YEAR

213

37,499

FIXED ASSETS

Tangible assets

6

542

-

CURRENT ASSETS

Cash at bank

10,122

27,702

CREDITORS

Amounts falling due within one year

7

2,410

16,561

NET CURRENT ASSETS

7,712

11,141

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,254

11,141

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

8,253

11,140

SHAREHOLDERS' FUNDS

8,254

11,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 7 September 2021 and were signed by:

A Adow - Director

1.	STATUTORY INFORMATION

Seventh Wonder Surveyors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.5.21

31.5.20

£

Depreciation - owned assets

271

-

5.

DIVIDENDS

31.5.21

31.5.20

£

Ordinary share of £1

Final

3,100

18,130

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

813

At 31 May 2021

813

DEPRECIATION

Charge for year

271

At 31 May 2021

271

NET BOOK VALUE

At 31 May 2021

542

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

Trade creditors

80

Taxation and social security

240

13,111

Other creditors

2,090

3,370

2,410

16,561

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

1

Ordinary

£1

1