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REGISTERED NUMBER: 04727736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

V360 LIMITED

V360 LIMITED (REGISTERED NUMBER: 04727736)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V360 LIMITED

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Miss A Lindsay
Mr P M Fernandes





SECRETARY: Miss A Lindsay





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 04727736 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

V360 LIMITED (REGISTERED NUMBER: 04727736)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 127,118 149,551

CURRENT ASSETS
Debtors 5 46,750 49,504
Cash at bank 13,088 37,269
59,838 86,773
CREDITORS
Amounts falling due within one year 6 19,738 23,029
NET CURRENT ASSETS 40,100 63,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,218

213,295

PROVISIONS FOR LIABILITIES 22,054 26,183
NET ASSETS 145,164 187,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 145,064 187,012
145,164 187,112

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

V360 LIMITED (REGISTERED NUMBER: 04727736)

Balance Sheet - continued
31st July 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 Board of Directors and authorised for issue on 12th May 2025 and were signed on its behalf by:





Miss A Lindsay - Director


V360 LIMITED (REGISTERED NUMBER: 04727736)

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

1. STATUTORY INFORMATION

V360 Limited 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.

Revenue recognition
Turnover is recognised when services have been supplied to customers such that risks and rewards of ownership have transferred to them. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

V360 LIMITED (REGISTERED NUMBER: 04727736)

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

2. ACCOUNTING POLICIES - continued

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.

The company also makes payments to the directors' private pension plans. Contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st August 2023
and 31st July 2024 5,000 175,000 5,500 28,574 214,074
DEPRECIATION
At 1st August 2023 4,630 35,547 5,091 19,255 64,523
Charge for year 56 20,918 61 1,398 22,433
At 31st July 2024 4,686 56,465 5,152 20,653 86,956
NET BOOK VALUE
At 31st July 2024 314 118,535 348 7,921 127,118
At 31st July 2023 370 139,453 409 9,319 149,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 2,754
Prepayments 46,750 46,750
46,750 49,504

V360 LIMITED (REGISTERED NUMBER: 04727736)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 5,190 4,532
Tax 4,914 4,582
Social security and other taxes 7,137 7,969
Other creditors 1,160 4,469
Directors' current accounts 37 177
Accrued expenses 1,300 1,300
19,738 23,029

7. RELATED PARTY DISCLOSURES

At the 31st July 2024, the company owed the directors £37 (2023: £177). No interest is payable on this loan and it is repayable on demand.