Registration Number: 07152193
England & Wales
36ZERO NETWORK ANALYTICS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 May 2024
-
36ZERO NETWORK ANALYTICS LTD
BALANCE SHEET
As at 31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 3 - 1,098
Current assets
Debtors 4 65,027 66,979
Cash at bank and in hand 806 447
65,833 67,426
Creditors - amounts falling due within one year 5 (35,137) (35,137)
Net current assets 30,696 32,289
Total assets less current liabilities 30,696 33,387
Provision for liabilities - (209)
Net assets 30,696 33,178
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,596 33,078
Shareholder's funds 30,696 33,178
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit of its accounts in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies.
Approved by the board on 21 February 2025 and signed on its behalf by
D L Martin
Director
The notes on pages 2 to 4 form an integral part of these accounts
Page 1
36ZERO NETWORK ANALYTICS LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 May 2024
1. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
(b) Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue 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.
(c) Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery etc. 25% straight line
(d) Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting 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.
(e) Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
(f) Foreign currency translation
Transactions in foreign currencies are recorded at the average exchange rate for the month in which the transaction takes place. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
2. Employees 2024 2023
Number Number
Average number of persons employed by the company including directors 1 1
Page 2
36ZERO NETWORK ANALYTICS LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 May 2024
3. Tangible fixed assets
Plant and
Machinery
etc
£
Cost
At 1 June 2023 85,553
Additions -
At 31 May 2024 85,553
Depreciation
At 1 June 2023 84,455
Charge for the year 1,098
At 31 May 2024 85,553
Net book value
At 31 May 2024 -
At 31 May 2023 1,098
4. Debtors 2024 2023
£ £
Other debtors 65,027 66,979
65,027 66,979
Included in other debtors is an amount of £63,959 (2023 - £64,159) due from 3 Sixty Studios Ltd and an amount of £7,175 (2023 - £6,148) due from 360 Analytics Ltd, companies which are owned by Mr D L Martin, and of which he is also a director.
Page 3
36ZERO NETWORK ANALYTICS LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 May 2024
5. Creditors - amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 1,000 1,000
Other creditors 34,137 34,137
35,137 35,137
6. Related party disclosures 2024 2023
£ £
Amount due to the director at the year end 28,585 28,585
The loan is interest free.
7. Controlling party
The company is controlled by D L Martin by virtue of his holding in the company.
8. Statutory information
The company is a private company limited by shares and incorporated in England. Its registered office is:
27 Mowbray Avenue
Byfleet
Surrey
KT14 7PG
Page 4
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