REGISTERED NUMBER: 11967131 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

360Onlineprint Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S P R Vieira

J A S Salgado

J F A Correia

REGISTERED OFFICE:

Second Floor

Curzon House

24 High Street

Banstead

Surrey

SM7 2LJ

REGISTERED NUMBER:

11967131 (England and Wales)

AUDITORS:

MHA

Statutory Auditor

6th Floor, 2 London Wall Place

London

EC2Y 5AU

United Kingdom

CURRENT ASSETS

Debtors

4

1,181,806

731,095

Cash at bank

407,963

67,249

1,589,769

798,344

CREDITORS

Amounts falling due within one year

5

1,547,663

769,408

NET CURRENT ASSETS

42,106

28,936

TOTAL ASSETS LESS CURRENT LIABILITIES

42,106

28,936

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

41,606

28,436

42,106

28,936

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 6 May 2025 and were signed on its behalf by:

J F A Correia - Director

S P R Vieira - Director

1.	STATUTORY INFORMATION

360Onlineprint 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The directors confirm that, having reviewed the Company's cash requirements for the next 12 months from the date of signing the financial statements, they have formed a judgement that the Company has reasonable expectations that adequate resources will be available to continue operations for the foreseeable future. The Company has also received confirmation of support from its parent, for at least 12 months after the signing of the audit report, which provides additional security on the resources available to continue as a going concern. Therefore, these financial statements have been prepared on the going concern basis. In forming this judgement, the directors have reviewed forecasts for 2024-25, cash flow projections from the date of the approval of these financial statements, contingency planning and the sufficiency of banking facilities

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The sale of goods is recognised on the date of despatch.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

-

523,162

Social security and other taxes

186,290

160,437

Prepayments and accrued income

995,516

47,496

1,181,806

731,095

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

48,667

51,507

Amounts owed to group undertakings

333,180

-

Corporation tax

12,484

5,860

Accruals and deferred income

1,153,332

712,041

1,547,663

769,408

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Stern FCA (Senior Statutory Auditor)

for and on behalf of MHA

MHA is the trading name of MHA Audit Services LLP, a limited liability

partnership in England and Wales (registered number OC455542).

7.	RELATED PARTY DISCLOSURES

The company is a wholly-owned subsidiary of BIZAY, S.A. During the year under review the company received management contributions from its parent company of £995,516 (2023: £925,638).

The loan with BIZAY, S.A. is interest free, unsecured and repayable on demand.

At the balance sheet date, the amounts outstanding were as follows:

2024

2023

Due from

Due to

Due from

Due to

£

£

£

£

BIZAY, S.A.

-

333,180

523,162

-

The accounts of 360Onlineprint Limited are included in the consolidated financial statements of BIZAY, S.A. whose registered office address is Hipolito Center Park Fracao F, 2A. Bairro Arenes, Torres Vedras, 2560-628, Portugal.