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Company Registration No. 12305276 (England and Wales)
365 Accounts Ltd Unaudited accounts for the year ended 31 December 2024
365 Accounts Ltd Unaudited accounts Contents
Page
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365 Accounts Ltd Company Information for the year ended 31 December 2024
Director
John Angus Colin Macaulay
Company Number
12305276 (England and Wales)
Registered Office
44 Brookwood Road Millbrook Southampton SO16 9AJ United Kingdom
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365 Accounts Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,088 
4,544 
Current assets
Debtors
12,894 
5,010 
Cash at bank and in hand
7,947 
12,954 
20,841 
17,964 
Creditors: amounts falling due within one year
(25,810)
(21,587)
Net current liabilities
(4,969)
(3,623)
Net assets
119 
921 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
118 
920 
Shareholders' funds
119 
921 
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 January 2025 and were signed on its behalf by
John Angus Colin Macaulay Director Company Registration No. 12305276
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365 Accounts Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
365 Accounts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12305276. The registered office is 44 Brookwood Road, Millbrook, Southampton, SO16 9AJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and VAT. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
5,555 
Additions
1,532 
At 31 December 2024
7,087 
Depreciation
At 1 January 2024
1,011 
Charge for the year
988 
At 31 December 2024
1,999 
Net book value
At 31 December 2024
5,088 
At 31 December 2023
4,544 
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365 Accounts Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,139 
5,010 
Other debtors
5,755 
- 
12,894 
5,010 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
551 
1,150 
VAT
211 
- 
Trade creditors
2,160 
- 
Taxes and social security
5,335 
3,084 
Loans from directors
- 
6,125 
Accruals
17,553 
11,228 
25,810 
21,587 
7
Transactions with related parties
Mr John Angus Colin Macaulay As at the year end date the director owed the company an amount of £3.990 (2023 - £6,125 was owed to the director). This amount is included within other debtors for the current period and other creditors for the comparative period. Macfield Properties Ltd (A related company under comon control) The company was owed by the related party an amount of £1,765 (2023 - nil). This amount is included within other debtors. No interest is accruing on this balance.
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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