360 Children's Residential Services Limited 09067875 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Labour recruitment and provision of personnel Digita Accounts Production Advanced 6.30.9574.0 true true 09067875 2023-01-01 2023-12-31 09067875 2023-12-31 09067875 bus:OrdinaryShareClass1 2023-12-31 09067875 core:CurrentFinancialInstruments 2023-12-31 09067875 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09067875 core:FurnitureFittingsToolsEquipment 2023-12-31 09067875 bus:SmallEntities 2023-01-01 2023-12-31 09067875 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09067875 bus:FullAccounts 2023-01-01 2023-12-31 09067875 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09067875 bus:RegisteredOffice 2023-01-01 2023-12-31 09067875 bus:Director1 2023-01-01 2023-12-31 09067875 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09067875 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09067875 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09067875 core:OfficeEquipment 2023-01-01 2023-12-31 09067875 countries:England 2023-01-01 2023-12-31 09067875 2022-12-31 09067875 core:FurnitureFittingsToolsEquipment 2022-12-31 09067875 2022-01-01 2022-12-31 09067875 2022-12-31 09067875 bus:OrdinaryShareClass1 2022-12-31 09067875 core:CurrentFinancialInstruments 2022-12-31 09067875 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09067875 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09067875

360 Children's Residential Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

360 Children's Residential Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

360 Children's Residential Services Limited

(Registration number: 09067875)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,607

2,968

Current assets

 

Debtors

6

438,752

220,371

Cash at bank and in hand

 

2,160

-

 

440,912

220,371

Creditors: Amounts falling due within one year

7

(308,222)

(129,856)

Net current assets

 

132,690

90,515

Net assets

 

134,297

93,483

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

134,296

93,482

Shareholders' funds

 

134,297

93,483

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Mr Thomas Noel James Doran
Director

 

360 Children's Residential Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

360 Children's Residential Services Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

360 Children's Residential Services Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 4).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,360

1,360

 

360 Children's Residential Services Limited

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

6,801

6,801

At 31 December 2023

6,801

6,801

Depreciation

At 1 January 2023

3,833

3,833

Charge for the year

1,361

1,361

At 31 December 2023

5,194

5,194

Carrying amount

At 31 December 2023

1,607

1,607

At 31 December 2022

2,968

2,968

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

24,216

23,966

Amounts owed by related parties

382,017

-

Prepayments

 

23,234

5,175

Other debtors

 

9,285

191,230

   

438,752

220,371

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

3,539

10,520

Trade creditors

 

23,302

4,482

Taxation and social security

 

41,378

25,169

Accruals and deferred income

 

6,443

3,056

Other creditors

 

233,560

86,629

 

308,222

129,856

 

360 Children's Residential Services Limited

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

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

3,539

10,520