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REGISTERED NUMBER: 11967131 (England and Wales)















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: S P R Vieira
J A S Salgado
J F A Correia





REGISTERED OFFICE: Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY





REGISTERED NUMBER: 11967131 (England and Wales)





AUDITORS: Ascendant Partners Limited
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 61,983 6,552
Cash at bank 282,110 142,570
344,093 149,122
CREDITORS
Amounts falling due within one year 5 362,634 176,555
NET CURRENT LIABILITIES (18,541 ) (27,433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,541

)

(27,433

)

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (19,041 ) (27,933 )
(18,541 ) (27,433 )

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

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 25 July 2022 and were signed on its behalf by:




J F A Correia - Director



J A S Salgado - Director


360Onlineprint Limited (Registered number: 11967131)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

360Onlineprint Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 57,552 -
Deferred tax asset 4,431 6,552
61,983 6,552

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 38,476 53,065
Amounts owed to group undertakings 225,867 114,264
Social security and other taxes - 4,801
Accruals and deferred income 98,291 4,425
362,634 176,555

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Brice (Senior Statutory Auditor)
for and on behalf of Ascendant Partners Limited

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.