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Registered number: 05814270
3SIXTY CONSULTING (UK) 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—6
Page 1
Balance Sheet
Registered number: 05814270
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,500 7,000
Tangible Assets 5 13,307 347,125
Investments 6 100 100
16,907 354,225
CURRENT ASSETS
Debtors 7 2,300,976 1,793,234
Cash at bank and in hand 78,432 102,981
2,379,408 1,896,215
Creditors: Amounts Falling Due Within One Year 8 (1,688,631 ) (1,423,344 )
NET CURRENT ASSETS (LIABILITIES) 690,777 472,871
TOTAL ASSETS LESS CURRENT LIABILITIES 707,684 827,096
Creditors: Amounts Falling Due After More Than One Year 9 (313,139 ) (530,273 )
NET ASSETS 394,545 296,823
CAPITAL AND RESERVES
Called up share capital 10 1,200 1,200
Profit and Loss Account 393,345 295,623
SHAREHOLDERS' FUNDS 394,545 296,823
Page 1
Page 2
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 A T Booth
Director
21 August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
3SIXTY CONSULTING (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05814270 . The registered office is 16 Whiteladies Road, Bristol, BS8 2LG.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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 is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Leasehold 7 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 7 years straight line
Computer Equipment 7 years straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 35,000
As at 31 March 2024 35,000
Amortisation
As at 1 April 2023 28,000
Provided during the period 3,500
As at 31 March 2024 31,500
Net Book Value
As at 31 March 2024 3,500
As at 1 April 2023 7,000
5. Tangible Assets
Land & Property
Leasehold Investment Properties Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 7,932 332,500 16,700 50,627 407,759
Additions - - - 3,731 3,731
Disposals - (332,500 ) - - (332,500 )
As at 31 March 2024 7,932 - 16,700 54,358 78,990
Depreciation
As at 1 April 2023 7,932 - 14,613 38,089 60,634
Provided during the period - - 2,087 2,962 5,049
As at 31 March 2024 7,932 - 16,700 41,051 65,683
Net Book Value
As at 31 March 2024 - - - 13,307 13,307
As at 1 April 2023 - 332,500 2,087 12,538 347,125
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 April 2023 100
As at 31 March 2024 100
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 1 April 2023 100
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 166,511 224,794
Other debtors 646,704 1,568,440
Directors' loan accounts 1,487,761 -
2,300,976 1,793,234
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,855 30,718
Bank loans and overdrafts 83,303 148,250
Corporation tax - 16,067
Other taxes and social security 16,448 11,900
VAT 65,631 71,369
Other creditors 1,505,394 781,013
Accruals and deferred income 3,000 2,807
Directors' loan accounts - 361,220
1,688,631 1,423,344
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 313,139 530,273
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,200 1,200
Page 6