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REGISTERED NUMBER: 05312610 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

360 HUB LTD

360 HUB LTD (REGISTERED NUMBER: 05312610)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


360 HUB LTD

Company Information
for the Year Ended 31st December 2024







DIRECTOR: R Minshell





REGISTERED OFFICE: 7 Nightingales Corner
Amersham
Buckinghamshire
HP7 9PZ





REGISTERED NUMBER: 05312610 (England and Wales)





ACCOUNTANTS: Quantulus Limited
Accountants & Business Advisors
Spen Cottage
Coombe Lane
Hughenden Valley
Buckinghamshire
HP14 4NX

360 HUB LTD (REGISTERED NUMBER: 05312610)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 399,128 342,620

CURRENT ASSETS
Stocks 24,199 24,199
Debtors 5 55,558 101,210
Cash at bank 4,545 3,880
84,302 129,289
CREDITORS
Amounts falling due within one year 6 124,211 81,898
NET CURRENT (LIABILITIES)/ASSETS (39,909 ) 47,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,219

390,011

CREDITORS
Amounts falling due after more than one
year

7

235,783

298,906
NET ASSETS 123,436 91,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,336 91,005
SHAREHOLDERS' FUNDS 123,436 91,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

360 HUB LTD (REGISTERED NUMBER: 05312610)

Balance Sheet - continued
31st December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd April 2025 and were signed by:





R Minshell - Director


360 HUB LTD (REGISTERED NUMBER: 05312610)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

360 HUB Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Current or deferred taxation assets and liabilities are not discounted.

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
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.

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.

3. EMPLOYEES AND DIRECTORS

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

360 HUB LTD (REGISTERED NUMBER: 05312610)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 229,795 151,809 381,604
Additions - 119,611 119,611
Disposals - (68,526 ) (68,526 )
At 31st December 2024 229,795 202,894 432,689
DEPRECIATION
At 1st January 2024 - 38,984 38,984
Charge for year - 25,413 25,413
Eliminated on disposal - (30,836 ) (30,836 )
At 31st December 2024 - 33,561 33,561
NET BOOK VALUE
At 31st December 2024 229,795 169,333 399,128
At 31st December 2023 229,795 112,825 342,620

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,848 -
Other debtors 53,710 101,210
55,558 101,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,600 55,967
Hire purchase contracts 13,455 17,819
Trade creditors - (127 )
Taxation and social security 7,656 8,239
Other creditors 47,500 -
124,211 81,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 156,737 193,796
Hire purchase contracts 79,046 105,110
235,783 298,906