Company registration number 09700261 (England and Wales)
THREESIXTY ENGINEERING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THREESIXTY ENGINEERING LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Threesixty Engineering Ltd
THREESIXTY ENGINEERING LTD
Statement Of Financial Position
as at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
105,090
120,320
Current assets
Stocks
2,500
18,452
Debtors
355,642
267,574
Cash at bank and in hand
24,732
5,455
382,874
291,481
Creditors: amounts falling due within one year
(326,074)
(233,573)
Net current assets
56,800
57,908
Total assets less current liabilities
161,890
178,228
Creditors: amounts falling due after more than one year
(47,939)
(91,234)
Net assets
113,951
86,994
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
113,851
86,894
Total equity
113,951
86,994
Threesixty Engineering Ltd
THREESIXTY ENGINEERING LTD
Statement Of Financial Position (CONTINUED)
as at 31 December 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
A Dixon
Director
Company Registration No. 09700261
Threesixty Engineering Ltd
THREESIXTY ENGINEERING LTD
Notes to the financial statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Company information

Threesixty Engineering Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Holmfield Industrial Estate, Holmfield, Halifax, West Yorkshire, HX2 9TN.

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on performance of contractual service obligations where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
No depreciation charge
Computer equipment
33.3% straight line
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Threesixty Engineering Ltd
THREESIXTY ENGINEERING LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 December 2024
1
Accounting policies
(Continued)
- 4 -
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
13
9
3
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
56,453
1,285
64,958
122,696
Additions
500
1,320
-
0
1,820
At 31 December 2024
56,953
2,605
64,958
124,516
Depreciation and impairment
At 1 January 2024
2,376
-
0
-
0
2,376
Depreciation charged in the year
-
0
810
16,240
17,050
At 31 December 2024
2,376
810
16,240
19,426
Carrying amount
At 31 December 2024
54,577
1,795
48,718
105,090
At 31 December 2023
54,077
1,285
64,958
120,320
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