Registered number
13172868
369 Technical Limited
Filleted Accounts
29 February 2024
369 Technical Limited
Registered number: 13172868
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 31,344 31,818
Current assets
Stocks 6,200 448
Debtors 4 2,376 -
Cash at bank and in hand 1,311 209
9,887 657
Creditors: amounts falling due within one year 5 (44,063) (35,292)
Net current liabilities (34,176) (34,635)
Net liabilities (2,832) (2,817)
Capital and reserves
Called up share capital 1 1
Profit and loss account (2,833) (2,818)
Shareholder's funds (2,832) (2,817)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Newsam
Director
Approved by the board on 27 November 2024
369 Technical Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25 % reducung balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 26,882 6,581 33,463
Additions - 1,013 1,013
At 29 February 2024 26,882 7,594 34,476
Depreciation
At 1 March 2023 - 1,645 1,645
Charge for the year - 1,487 1,487
At 29 February 2024 - 3,132 3,132
Net book value
At 29 February 2024 26,882 4,462 31,344
At 28 February 2023 26,882 4,936 31,818
4 Debtors 2024 2023
£ £
Trade debtors 2,376 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,269 -
Trade creditors 1,092 -
Taxation and social security costs 666 (6,826)
Other creditors 38,036 42,118
44,063 35,292
6 Other information
369 Technical Limited is a private company limited by shares and incorporated in England. Its registered office is:
Y Nant
Nercwys
Mold
CH7 4EA
369 Technical Limited 13172868 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 A J Newsam No description of principal activity 13172868 2022-03-01 2023-02-28 13172868 core:WithinOneYear 2023-02-28 13172868 core:ShareCapital 2023-02-28 13172868 core:RetainedEarningsAccumulatedLosses 2023-02-28 13172868 2023-03-01 2024-02-29 13172868 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13172868 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13172868 bus:Director40 2023-03-01 2024-02-29 13172868 1 2023-03-01 2024-02-29 13172868 2 2023-03-01 2024-02-29 13172868 core:LandBuildings 2023-03-01 2024-02-29 13172868 core:PlantMachinery 2023-03-01 2024-02-29 13172868 countries:England 2023-03-01 2024-02-29 13172868 bus:FRS102 2023-03-01 2024-02-29 13172868 bus:FilletedAccounts 2023-03-01 2024-02-29 13172868 2024-02-29 13172868 core:WithinOneYear 2024-02-29 13172868 core:ShareCapital 2024-02-29 13172868 core:RetainedEarningsAccumulatedLosses 2024-02-29 13172868 core:LandBuildings 2024-02-29 13172868 core:PlantMachinery 2024-02-29 13172868 2023-02-28 13172868 core:LandBuildings 2023-02-28 13172868 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure