Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 5719414 Mr A T Booth Mr J M Withall Mr J M Withall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5719414 2023-03-31 5719414 2024-03-31 5719414 2023-04-01 2024-03-31 5719414 frs-core:CurrentFinancialInstruments 2024-03-31 5719414 frs-core:ShareCapital 2024-03-31 5719414 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 5719414 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 5719414 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 5719414 frs-bus:SmallEntities 2023-04-01 2024-03-31 5719414 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 5719414 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5719414 frs-bus:Director1 2023-04-01 2024-03-31 5719414 frs-bus:Director2 2023-04-01 2024-03-31 5719414 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 5719414 frs-countries:EnglandWales 2023-04-01 2024-03-31 5719414 2022-03-31 5719414 2023-03-31 5719414 2022-04-01 2023-03-31 5719414 frs-core:CurrentFinancialInstruments 2023-03-31 5719414 frs-core:ShareCapital 2023-03-31 5719414 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 5719414
3Sixty Management Limited
Financial Statements
For The Year Ended 31 March 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 5719414
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 977,753 895,225
Cash at bank and in hand 15,919 23,753
993,672 918,978
Creditors: Amounts Falling Due Within One Year 5 (40,160 ) (54,414 )
NET CURRENT ASSETS (LIABILITIES) 953,512 864,564
TOTAL ASSETS LESS CURRENT LIABILITIES 953,512 864,564
NET ASSETS 953,512 864,564
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 953,412 864,464
SHAREHOLDERS' FUNDS 953,512 864,564
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J M Withall
Director
17 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
3Sixty Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5719414 . The registered office is Westbury Court, Church Road, Westbury-On-Trym, Bristol, BS9 3EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Debtors
2024 2023
£ £
Due within one year
Other debtors 12,030 35,400
Intercompany loans 965,723 859,825
977,753 895,225
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 239 2,673
Other creditors 37,421 49,241
Accruals and deferred income 2,500 2,500
40,160 54,414
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the year end there were debtor balances totalling £965,723 (2023 £859,825) relating to loans to companies under common control.
These loans are interest free and repayable on demand.
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