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REGISTERED NUMBER: 05312610 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

360 HUB LTD

360 HUB LTD (REGISTERED NUMBER: 05312610)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

360 HUB LTD

Company Information
for the Year Ended 31st December 2023







DIRECTOR: R Minshell





REGISTERED OFFICE: 7 Nightingales Corner
Amersham
Buckinghamshire
HP7 9PZ





REGISTERED NUMBER: 05312610 (England and Wales)





ACCOUNTANTS: Quantulus Limited
Accountants & Business Advisors
Spen Cottage
Coombe Lane
Hughenden Valley
Buckinghamshire
HP14 4NX

360 HUB LTD (REGISTERED NUMBER: 05312610)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342,620 331,064

CURRENT ASSETS
Stocks 24,199 24,199
Debtors 5 101,210 146,355
Cash at bank 3,880 41,857
129,289 212,411
CREDITORS
Amounts falling due within one year 6 81,898 110,770
NET CURRENT ASSETS 47,391 101,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,011

432,705

CREDITORS
Amounts falling due after more than one
year

7

298,906

326,349
NET ASSETS 91,105 106,356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,005 106,256
SHAREHOLDERS' FUNDS 91,105 106,356

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

360 HUB LTD (REGISTERED NUMBER: 05312610)

Balance Sheet - continued
31st December 2023


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 director and authorised for issue on 20th February 2024 and were signed by:





R Minshell - Director


360 HUB LTD (REGISTERED NUMBER: 05312610)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

360 HUB 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2022 - 3 ) .

360 HUB LTD (REGISTERED NUMBER: 05312610)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 229,795 150,108 379,903
Additions - 66,375 66,375
Disposals - (64,674 ) (64,674 )
At 31st December 2023 229,795 151,809 381,604
DEPRECIATION
At 1st January 2023 - 48,839 48,839
Charge for year - 17,793 17,793
Eliminated on disposal - (27,648 ) (27,648 )
At 31st December 2023 - 38,984 38,984
NET BOOK VALUE
At 31st December 2023 229,795 112,825 342,620
At 31st December 2022 229,795 101,269 331,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 15,950
Other debtors 101,210 130,405
101,210 146,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,967 49,164
Hire purchase contracts 17,819 15,428
Trade creditors (127 ) 104
Taxation and social security 8,239 28,075
Other creditors - 17,999
81,898 110,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 193,796 236,111
Hire purchase contracts 105,110 90,238
298,906 326,349

360 HUB LTD

Report of the Accountants to the Director of
360 HUB Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Quantulus Limited
Accountants & Business Advisors
Spen Cottage
Coombe Lane
Hughenden Valley
Buckinghamshire
HP14 4NX


20th February 2024