Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 January 2022 false 1 April 2023 31 March 2024 31 March 2024 OC381951 361 Degrees Ltd Mr T J Green iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC381951 2023-03-31 OC381951 2024-03-31 OC381951 2023-04-01 2024-03-31 OC381951 frs-core:Non-currentFinancialInstruments 2024-03-31 OC381951 frs-core:ComputerEquipment 2024-03-31 OC381951 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC381951 frs-core:ComputerEquipment 2023-03-31 OC381951 frs-core:FurnitureFittings 2024-03-31 OC381951 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC381951 frs-core:FurnitureFittings 2023-03-31 OC381951 frs-core:NetGoodwill 2024-03-31 OC381951 frs-core:NetGoodwill 2023-04-01 2024-03-31 OC381951 frs-core:NetGoodwill 2023-03-31 OC381951 frs-core:MotorVehicles 2024-03-31 OC381951 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC381951 frs-core:MotorVehicles 2023-03-31 OC381951 frs-core:PlantMachinery 2024-03-31 OC381951 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC381951 frs-core:PlantMachinery 2023-03-31 OC381951 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC381951 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC381951 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC381951 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC381951 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC381951 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC381951 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC381951 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC381951 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC381951 2021-12-31 OC381951 2023-03-31 OC381951 2022-01-01 2023-03-31 OC381951 frs-core:CurrentFinancialInstruments 2023-03-31 OC381951 frs-core:Non-currentFinancialInstruments 2023-03-31 OC381951 frs-core:BetweenOneFiveYears 2023-03-31 OC381951 frs-core:MotorVehicles 2022-01-01 2023-03-31 OC381951 frs-core:WithinOneYear 2023-03-31
Registered number: OC381951
PTO Climate Control LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
C&H Stedman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC381951
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 369,059
Tangible Assets 5 - 620,930
- 989,989
CURRENT ASSETS
Stocks - 12,148
Debtors 6 - 1,306,284
Cash at bank and in hand - 86,335
- 1,404,767
Creditors: Amounts Falling Due Within One Year 7 - (1,230,898 )
NET CURRENT ASSETS (LIABILITIES) - 173,869
TOTAL ASSETS LESS CURRENT LIABILITIES - 1,163,858
Creditors: Amounts Falling Due After More Than One Year 8 - (209,923 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - 953,935
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts - 953,935
- 953,935
- 953,935
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year - 953,935
- 953,935
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr T J Green
Designated Member
13 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PTO Climate Control LLP is a limited liability partnership, incorporated in England & Wales, registered number OC381951 . The Registered Office is Units 5-6 Eden Court, Eden Way, Leighton Buzzard, LU7 4FY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was purchased on the 31st December 2021 and will be amortised to the profit and loss account over its estimated economic life of ten years.  The goodwill was sold on 31st October 2024.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and leases are capitalised as tangible fixed assets. Assets acquired under operating and finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under operating and finance leases are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obselete and slow moving items.
3. Average Number of Employees
The average number of employees during the year was  32 (2023: 31)
32 31
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 421,783
Disposals (421,783)
As at 31 March 2024 -
Amortisation
As at 1 April 2023 52,724
Provided during the period 24,605
Disposals (77,329)
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 369,059
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 109,886 740,909 81,389 81,133 1,013,317
Additions 375 147,853 4,287 4,754 157,269
Disposals (110,261 ) (888,762 ) (85,676 ) (85,887 ) (1,170,586 )
Depreciation
As at 1 April 2023 24,488 289,496 56,823 21,580 392,387
Provided during the period 12,380 97,474 5,215 8,841 123,910
Disposals (36,868 ) (386,970 ) (62,038 ) (30,421 ) (516,297 )
As at 31 March 2024 - - - - -
Net Book Value
As at 31 March 2024 - - - - -
As at 1 April 2023 85,398 451,413 24,566 59,553 620,930
Included above are assets held under hire purchase contracts or leases with a net book value as follows:
31 March 2024 31 March 2023
£ £
Motor Vehicles - 281,617
Page 4
Page 5
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors - 1,149,748
Other debtors - 156,536
- 1,306,284
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts - 139,701
Trade creditors - 565,030
Other creditors - 478,744
Taxation and social security - 47,423
- 1,230,898
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts - 192,402
Other creditors - 17,521
- 209,923
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 31 March 2023
£ £
Not later than one year - 45,001
Later than one year and not later than five years - 34,134
- 79,135
10. Loans and other debts due to members
Loans and other debts due to members would rank equally in relation to other unsecured creditors.
Page 5