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REGISTERED NUMBER: SC670073 (Scotland)












Financial Statements

for the Year Ended 31 August 2024

for

Three Sixty - Business Growth Ltd

Three Sixty - Business Growth Ltd (Registered number: SC670073)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Three Sixty - Business Growth Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A J M Loughlin





SECRETARY:





REGISTERED OFFICE: 8 Florence Drive
Giffnock
Glasgow
G46 6UL





REGISTERED NUMBER: SC670073 (Scotland)






Three Sixty - Business Growth Ltd (Registered number: SC670073)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 1,058 1,925

CURRENT ASSETS
Debtors 4 900 200
Cash at bank 22,211 22,292
23,111 22,492
CREDITORS
Amounts falling due within one year 5 12,531 14,830
NET CURRENT ASSETS 10,580 7,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,638

9,587

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 11,538 9,487
SHAREHOLDERS' FUNDS 11,638 9,587

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

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

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 29 May 2025 and were signed by:





A J M Loughlin - Director


Three Sixty - Business Growth Ltd (Registered number: SC670073)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Three Sixty - Business Growth Ltd (Registered number: SC670073)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 8,601
Additions 1,410
At 31 August 2024 10,011
DEPRECIATION
At 1 September 2023 6,676
Charge for year 2,277
At 31 August 2024 8,953
NET BOOK VALUE
At 31 August 2024 1,058
At 31 August 2023 1,925

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 700 -
Other debtors 200 200
900 200

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 714 3,987
Tax 68 68
Social security and other taxes 624 -
VAT 8,525 9,275
Directors' current accounts 500 -
Accrued expenses 2,100 1,500
12,531 14,830

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

Three Sixty - Business Growth Ltd (Registered number: SC670073)

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

7. RESERVES
Retained
earnings
£   

At 1 September 2023 9,487
Profit for the year 2,051
At 31 August 2024 11,538