360GT Plates Ltd 14978454 false 2023-07-04 2024-07-31 2024-07-31 The principal activity of the company is 29320, 45320 Digita Accounts Production Advanced 6.30.9574.0 true 14978454 2023-07-04 2024-07-31 14978454 2024-07-31 14978454 bus:OrdinaryShareClass1 bus:OtherShareType 2024-07-31 14978454 core:RetainedEarningsAccumulatedLosses 2024-07-31 14978454 core:ShareCapital 2024-07-31 14978454 core:CurrentFinancialInstruments 2024-07-31 14978454 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14978454 core:OtherResidualIntangibleAssets 2024-07-31 14978454 core:FurnitureFittingsToolsEquipment 2024-07-31 14978454 bus:SmallEntities 2023-07-04 2024-07-31 14978454 bus:AuditExemptWithAccountantsReport 2023-07-04 2024-07-31 14978454 bus:FilletedAccounts 2023-07-04 2024-07-31 14978454 bus:SmallCompaniesRegimeForAccounts 2023-07-04 2024-07-31 14978454 bus:RegisteredOffice 2023-07-04 2024-07-31 14978454 bus:Director1 2023-07-04 2024-07-31 14978454 bus:Director2 2023-07-04 2024-07-31 14978454 bus:OrdinaryShareClass1 bus:OtherShareType 2023-07-04 2024-07-31 14978454 bus:PrivateLimitedCompanyLtd 2023-07-04 2024-07-31 14978454 bus:Agent1 2023-07-04 2024-07-31 14978454 core:OtherResidualIntangibleAssets 2023-07-04 2024-07-31 14978454 core:ComputerEquipment 2023-07-04 2024-07-31 14978454 core:FurnitureFittingsToolsEquipment 2023-07-04 2024-07-31 14978454 core:PlantMachinery 2023-07-04 2024-07-31 14978454 countries:EnglandWales 2023-07-04 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14978454

360GT Plates Ltd

Unaudited Filleted Financial Statements

for the Period from 4 July 2023 to 31 July 2024

 

360GT Plates Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

360GT Plates Ltd

Company Information

Directors

Mr Prashanth Prabhakara Reddy

Mr Naveed Ahmed Saghir

Registered office

2 Thurston Road
Slough
Berkshire
SL1 3JJ

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

360GT Plates Ltd

(Registration number: 14978454)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

9,219

Tangible assets

5

2,728

 

11,947

Current assets

 

Stocks

6

1,000

Debtors

7

225

Cash at bank and in hand

 

6,821

 

8,046

Creditors: Amounts falling due within one year

8

(19,012)

Net current liabilities

 

(10,966)

Net assets

 

981

Capital and reserves

 

Called up share capital

9

100

Retained earnings

881

Shareholders' funds

 

981

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

 

360GT Plates Ltd

(Registration number: 14978454)
Balance Sheet as at 31 July 2024 (continued)

.........................................
Mr Prashanth Prabhakara Reddy
Director

.........................................
Mr Naveed Ahmed Saghir
Director

 

360GT Plates Ltd

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Thurston Road
Slough
Berkshire
SL1 3JJ

These financial statements were authorised for issue by the Board on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

Website Costs

25% Straight Line

Plant & Machinery

25% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

360GT Plates Ltd

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

360GT Plates Ltd

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024 (continued)

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

10,660

10,660

At 31 July 2024

10,660

10,660

Amortisation

Amortisation charge

1,441

1,441

At 31 July 2024

1,441

1,441

Carrying amount

At 31 July 2024

9,219

9,219

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,603

3,603

At 31 July 2024

3,603

3,603

Depreciation

Charge for the period

875

875

At 31 July 2024

875

875

Carrying amount

At 31 July 2024

2,728

2,728

6

Stocks

2024
£

Finished goods and goods for resale

1,000

 

360GT Plates Ltd

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024 (continued)

7

Debtors

Current

2024
£

Prepayments

225

 

225

8

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

164

Other creditors

18,848

19,012

9

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £1 each

100

100