REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 December 2021 |
for |
360Onlineprint Limited |
REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 December 2021 |
for |
360Onlineprint Limited |
360Onlineprint Limited (Registered number: 11967131) |
Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
360Onlineprint Limited |
Company Information |
for the Year Ended 31 December 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditors |
Endeavour House |
78 Stafford Road |
Wallington |
Surrey |
SM6 9AY |
360Onlineprint Limited (Registered number: 11967131) |
Statement of Financial Position |
31 December 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
360Onlineprint Limited (Registered number: 11967131) |
Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
1. | STATUTORY INFORMATION |
360Onlineprint Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. During the early part of 2021 the business was affected negatively by Brexit, specifically in relation to the transportation of goods, but the situation has since improved. The directors have reviewed in particular the impact of the Covid-19 pandemic and have concluded that it remains appropriate to prepare these financial statements on a going concern basis. |
Binary Subject S.A. has also confirmed that it will continue to support the company for at least the next twelve months and has the financial resources to do so. |
Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
The sale of goods is recognised on the date of despatch. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
360Onlineprint Limited (Registered number: 11967131) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Social security and other taxes |
Deferred tax asset |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Accruals and deferred income |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | RELATED PARTY DISCLOSURES |
The company is a wholly-owned subsidiary of Binary Subject S.A. During the year under review the company received management contributions from its parent company of £542,054 (2020 £448,312). |
At the balance sheet date, the amounts outstanding were as follows: |
2021 | 2020 |
Due from | Due to | Due from | Due to |
£ | £ | £ | £ |
Binary Subject S.A. | - | 225,867 | - | 114,264 |
The accounts of 360Onlineprint Limited are included in the consolidated financial statements of Binary Subject S.A. whose registered office address is Hipolito Center Park Fracao F, 2A. Bairro Arenes, Torres Vedras, 2560-628, Portugal. |
360Onlineprint Limited (Registered number: 11967131) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors of Binary Subject S.A. |