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REGISTERED NUMBER: 08374003 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2023

for

360 Automations Ltd

360 Automations Ltd (Registered number: 08374003)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


360 Automations Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P S Bowring
Mrs S L Bowring





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 08374003 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

360 Automations Ltd (Registered number: 08374003)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,785 31,022

CURRENT ASSETS
Stocks 5 3,750 4,350
Debtors 6 1,710 413
Cash at bank 42,582 112,763
48,042 117,526
CREDITORS
Amounts falling due within one year 7 (6,505 ) (22,676 )
NET CURRENT ASSETS 41,537 94,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,322

125,872

PROVISIONS FOR LIABILITIES (3,189 ) (5,894 )
NET ASSETS 55,133 119,978

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 54,133 118,978
SHAREHOLDERS' FUNDS 55,133 119,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 25 October 2023 and were signed on its behalf by:





P S Bowring - Director


360 Automations Ltd (Registered number: 08374003)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

360 Automations 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.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Turnover of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover relating to goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Government grants
Grants comprise amounts received under the Government's Job Retention Scheme. These are recognised in the Income Statement once the relevant performance conditions have been met.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Tax
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.

360 Automations Ltd (Registered number: 08374003)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 51,624 47,392 7,525 106,541
Additions 1,700 - - 1,700
At 31 January 2023 53,324 47,392 7,525 108,241
DEPRECIATION
At 1 February 2022 33,527 34,676 7,316 75,519
Charge for year 11,612 4,246 79 15,937
At 31 January 2023 45,139 38,922 7,395 91,456
NET BOOK VALUE
At 31 January 2023 8,185 8,470 130 16,785
At 31 January 2022 18,097 12,716 209 31,022

5. STOCKS
2023 2022
£    £   
Stocks 3,750 4,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 729 -
Prepayments 981 413
1,710 413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 3,536 15,010
VAT - 6,438
Directors' current accounts 2,956 1,228
Accrued expenses 13 -
6,505 22,676

360 Automations Ltd (Registered number: 08374003)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
P S Bowring and Mrs S L Bowring
Balance outstanding at start of year (1,228 ) (380 )
Amounts advanced 960 960
Amounts repaid (2,688 ) (1,808 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,956 ) (1,228 )

Directors' loans are unsecured, interest free and repayable on demand.