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REGISTERED NUMBER: 08476909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

365 RESOURCE LIMITED

365 RESOURCE LIMITED (REGISTERED NUMBER: 08476909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


365 RESOURCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: E Baeva
S P Sydee





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bebs
MK45 4HR





REGISTERED NUMBER: 08476909 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

365 RESOURCE LIMITED (REGISTERED NUMBER: 08476909)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 215 287

CURRENT ASSETS
Debtors 6 225,174 53,146
Cash at bank 81,493 70,812
306,667 123,958
CREDITORS
Amounts falling due within one year 7 210,867 86,861
NET CURRENT ASSETS 95,800 37,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,015

37,384

CREDITORS
Amounts falling due after more than one year 8 (123,699 ) (130,317 )

PROVISIONS FOR LIABILITIES 9 - (55 )
NET LIABILITIES (27,684 ) (92,988 )

CAPITAL AND RESERVES
Called up share capital 10 2,144 2,144
Share premium 143,671 143,671
Retained earnings (173,499 ) (238,803 )
SHAREHOLDERS' FUNDS (27,684 ) (92,988 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





E Baeva - Director


365 RESOURCE LIMITED (REGISTERED NUMBER: 08476909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

365 Resource 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company made a profit after tax for the year of £65,304 and had a net deficiency in reserves of £27,684 at the balance sheet date.

The company funds its working capital requirements through a bank loan and further amounts due to related parties.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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 - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

365 RESOURCE LIMITED (REGISTERED NUMBER: 08476909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 May 2022
and 30 April 2023 951
Depreciation
At 1 May 2022 664
Charge for year 72
At 30 April 2023 736
Net book value
At 30 April 2023 215
At 30 April 2022 287

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 225,174 53,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,839 4,839
Trade creditors 145,955 58,931
Corporation tax 11,850 -
Social security and other taxes 2,860 2,549
VAT 16,754 6,720
Other creditors 15,254 11,922
Accruals and deferred income 13,355 1,900
210,867 86,861

The bank loan is due for repayment in more than one year from the balance sheet date, being charged at 0%
interest in year one and 2.5% per annum thereafter.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 36,191 43,548
Other creditors 42,160 40,152
Director's loan account 45,348 46,617
123,699 130,317

The bank loan is due for repayment in more than one year from the balance sheet date, being charged at 0%
interest in year one and 2.5% per annum thereafter.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

365 RESOURCE LIMITED (REGISTERED NUMBER: 08476909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 55

Deferred
tax
£   
Balance at 1 May 2022 55
Capital allowances in excess
of depreciation (55 )
Balance at 30 April 2023 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
21,438,149 Ordinary £0.0001 2,144 2,144

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £42,159 (2022: £40,152) due to Interim CRM Ltd, a company
controlled by S P Sydee, director. Interest of £2,008 (2022: £1,992) has been charged at 5% on this balance
during the year and there are no set repayment terms. The director has confirmed that no repayment of the loan will be sought in the next twelve months.

Included within creditors is an amount of £45,348 (2022: £46,617) due to E Baeva, director. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms. The director has confirmed that no repayment of the loan will be sought in the next twelve months