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REGISTERED NUMBER: 04423495 (England and Wales)















THREE SIXTY DEGREES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






THREE SIXTY DEGREES LIMITED (REGISTERED NUMBER: 04423495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


THREE SIXTY DEGREES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S Atkins
Mrs D Atkins





SECRETARY: Mrs D Atkins





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2DR





REGISTERED NUMBER: 04423495 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THREE SIXTY DEGREES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Three Sixty Degrees Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Three Sixty Degrees Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Three Sixty Degrees Limited and state those matters that we have agreed to state to the Board of Directors of Three Sixty Degrees Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Three Sixty Degrees Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Three Sixty Degrees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Three Sixty Degrees Limited. You consider that Three Sixty Degrees Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Three Sixty Degrees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


6 March 2025

THREE SIXTY DEGREES LIMITED (REGISTERED NUMBER: 04423495)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,761 15,138
Investments 5 104,753 101,180
117,514 116,318

CURRENT ASSETS
Stocks 2,408 4,213
Debtors 6 123,243 117,411
Cash at bank 112,139 145,063
237,790 266,687
CREDITORS
Amounts falling due within one year 7 319,203 353,512
NET CURRENT LIABILITIES (81,413 ) (86,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,101

29,493

PROVISIONS FOR LIABILITIES 9 3,190 2,876
NET ASSETS 32,911 26,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,811 26,517
SHAREHOLDERS' FUNDS 32,911 26,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:



Mr S Atkins - Director


THREE SIXTY DEGREES LIMITED (REGISTERED NUMBER: 04423495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. COMPANY INFORMATION

Three Sixty Degrees Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04423495 and its registered office address is Fryern House 125 Winchester Road, Chandler's Ford, Eastleigh, Hampshire, SO53 2DR.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £ sterling.

Going concern
The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements or estimates.

Turnover
Turnover represents net sales of party goods during the year (excluding value added tax) adjusted for accrued and deferred income where applicable. The sales of goods are recognised when they have been despatched to the customer.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Fixed assets
All tangible fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Improvements to property- 15% on reducing balance
Plant and machinery- 25% on reducing balance
Computer equipment- 33% straight line

The assets' residual value and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THREE SIXTY DEGREES LIMITED (REGISTERED NUMBER: 04423495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Operating lease commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.date.

Dividends
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Other investments
Other investments are recorded at cost and reviewed annually for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 36,979 3,530 18,734 59,243
DEPRECIATION
At 1 July 2023 22,091 3,492 18,522 44,105
Charge for year 2,233 10 134 2,377
At 30 June 2024 24,324 3,502 18,656 46,482
NET BOOK VALUE
At 30 June 2024 12,655 28 78 12,761
At 30 June 2023 14,888 38 212 15,138


THREE SIXTY DEGREES LIMITED (REGISTERED NUMBER: 04423495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 101,180
Additions 3,573
At 30 June 2024 104,753
NET BOOK VALUE
At 30 June 2024 104,753
At 30 June 2023 101,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,842 89,577
Other debtors 19,401 27,834
123,243 117,411

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 96,736 234,226
Amounts owed to group undertakings 183,761 115,536
Taxation and social security 34,956 -
Other creditors 3,750 3,750
319,203 353,512

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,000 10,000
Between one and five years 10,000 20,000
20,000 30,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,190 2,876

Deferred
tax
£   
Balance at 1 July 2023 2,876
Movement in year 314
Balance at 30 June 2024 3,190

THREE SIXTY DEGREES LIMITED (REGISTERED NUMBER: 04423495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. PROVISIONS FOR LIABILITIES - continued

The provision for deferred tax relates solely to accelerated capital allowances.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.