Company Registration No. 11064576 (England and Wales)
360CTRL Limited
Unaudited accounts
for the year ended 31 May 2024
360CTRL Limited
Unaudited accounts
Contents
360CTRL Limited
Company Information
for the year ended 31 May 2024
Directors
Gareth Pierce
Mark Jonathan Lance
Company Number
11064576 (England and Wales)
Registered Office
FAIR TRADE HOUSE
3 WHITTLE AVENUE
FAREHAM
HAMPSHIRE
PO15 5SH
ENGLAND
360CTRL Limited
Statement of financial position
as at 31 May 2024
Tangible assets
2,626
5,518
Cash at bank and in hand
104,316
259,134
Creditors: amounts falling due within one year
(124,304)
(234,270)
Net current assets
203,379
261,795
Total assets less current liabilities
225,255
334,558
Creditors: amounts falling due after more than one year
-
(115,000)
Net assets
225,255
219,558
Called up share capital
100
100
Revaluation reserve
(5,686)
(34,083)
Profit and loss account
230,841
253,541
Shareholders' funds
225,255
219,558
For the 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. 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 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 of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
Gareth Pierce
Director
Company Registration No. 11064576
360CTRL Limited
Notes to the Accounts
for the year ended 31 May 2024
360CTRL Limited is a private company, limited by shares, registered in England and Wales, registration number 11064576. The registered office is FAIR TRADE HOUSE, 3 WHITTLE AVENUE, FAREHAM, HAMPSHIRE, PO15 5SH, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
33% Straight Line Basis
Computer equipment
33% Straight Line Basis
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
681
1,248
7,473
9,402
Additions
-
57
2,055
2,112
Disposals
(681)
(499)
(3,450)
(4,630)
At 31 May 2024
-
806
6,078
6,884
At 1 June 2023
359
146
3,379
3,884
Charge for the year
-
297
2,470
2,767
On disposals
(359)
(42)
(1,992)
(2,393)
At 31 May 2024
-
401
3,857
4,258
At 31 May 2024
-
405
2,221
2,626
At 31 May 2023
322
1,102
4,094
5,518
360CTRL Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Investments
Other investments
Valuation at 1 June 2023
67,245
Fair value adjustments
37,863
Valuation at 31 May 2024
19,250
Listed investments are recognised initially at cost less attributable transaction costs. Subsequent to initial recognition, they are revalued to fair value at the reporting date. Any changes in fair value are recognised in profit and loss.
Amounts falling due within one year
Trade debtors
117,626
131,332
Deferred tax asset
1,283
10,086
Accrued income and prepayments
4,249
94,800
Amounts falling due after more than one year
7
Investments held as current assets
2024
2023
Listed investments
209
713
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
68,444
128,025
Taxes and social security
37,712
54,280
Deferred income
6,294
10,907
9
Creditors: amounts falling due after more than one year
2024
2023
360CTRL Limited
Notes to the Accounts
for the year ended 31 May 2024
10
Transactions with related parties
At the balance sheet date, 360CTRL Limited owed Lance Consolidation Limited Nil (2023 - £115,000). Lance Consolidation Limited is the parent of 360CTRL Limited.
360CTRL Limited has the following outstanding trade debtor balances at the balance sheet date. These are between related parties within the group. £301.82 - Lance Consolidation Limited, £319.35 - Lance Mortgages Limited & £14,047.19 - Your Mortgage People Limited
360CTRL Limited had the following outstanding trade creditor balances at the balance sheet date. These are between related parties within the group. £699.36 - Lance Consolidation Limited.
All trade debtor & creditor transactions between related parties were all made at arms length.
The company was under the control of Lance Consolidation Limited
12
Average number of employees
During the year the average number of employees was 8 (2023: 8).