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Company No: 09877980 (England and Wales)

THREE60 CONSULTING SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

THREE60 CONSULTING SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

THREE60 CONSULTING SOLUTIONS LIMITED

BALANCE SHEET

As at 31 May 2024
THREE60 CONSULTING SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 609 430
609 430
Current assets
Debtors 4 24,677 33,925
Cash at bank and in hand 235,718 239,861
260,395 273,786
Creditors: amounts falling due within one year 5 ( 116,410) ( 188,474)
Net current assets 143,985 85,312
Total assets less current liabilities 144,594 85,742
Net assets 144,594 85,742
Capital and reserves
Called-up share capital 100 100
Profit and loss account 144,494 85,642
Total shareholders' funds 144,594 85,742

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Three60 Consulting Solutions Limited (registered number: 09877980) were approved and authorised for issue by the Board of Directors on 02 January 2025. They were signed on its behalf by:

C Watkins
Director
THREE60 CONSULTING SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
THREE60 CONSULTING SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Three60 Consulting Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 78 Herberton Road, Bournemouth, BH6 5HZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2023 682 682
Additions 541 541
At 31 May 2024 1,223 1,223
Accumulated depreciation
At 01 June 2023 252 252
Charge for the financial year 362 362
At 31 May 2024 614 614
Net book value
At 31 May 2024 609 609
At 31 May 2023 430 430

4. Debtors

2024 2023
£ £
Trade debtors 16,720 28,440
Other debtors 7,957 5,485
24,677 33,925

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 31,787 46,693
Other creditors 84,623 141,781
116,410 188,474