360 Media Sales Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

Registered number: 12751538

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,240		3,415

			3,240		3,415
CURRENT ASSETS
Debtors	5	945,549		866,567
Cash at bank and in hand		457,391		278,782

		1,402,940		1,145,349
Creditors: Amounts Falling Due Within One Year	6	(998,503 )		(735,061 )

NET CURRENT ASSETS (LIABILITIES)			404,437		410,288

TOTAL ASSETS LESS CURRENT LIABILITIES			407,677		413,703

NET ASSETS			407,677		413,703

CAPITAL AND RESERVES
Called up share capital	7		100		100
Income Statement			407,577		413,603

SHAREHOLDERS' FUNDS			407,677		413,703

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Miss J P Lee

Director

29/08/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

360 Media Sales Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12751538 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Presentation currency

The accounts are presented in £ sterling and rounded to the nearest pound.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% straight-line method

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the lease term.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

2.8. 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.

2.9. 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.

2.10. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

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360 Media Sales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 7)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	8,085
Additions	2,000
Disposals	(1,366 )

As at 31 December 2024	8,719

Depreciation
As at 1 January 2024	4,670
Provided during the period	2,115
Disposals	(1,306 )

As at 31 December 2024	5,479

Net Book Value
As at 31 December 2024	3,240

As at 1 January 2024	3,415

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	932,793	613,559
Prepayments and accrued income	6,641	5,085
Other debtors	-	36,059
VAT	1,181	21,079
Amounts owed by group undertakings	4,934	190,785

	945,549	866,567

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	676,245	621,594
Corporation tax	52,231	64,994
Other taxes and social security	8,925	8,882
Other creditors	2,914	2,159
Accruals and deferred income	250,541	37,432
Amounts owed to group undertakings	7,647	-

	998,503	735,061

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360 Media Sales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

During the year, the Company was recharged various costs amounting to £218,359 (2023: £57,257) by GPM360 Limited, a subsidiary of GPM360 Holdings Limited, who owns 51% of the Company's shares. At the year-end, the Company owed £32,087 as a trade creditor (2023 - £29,715) and was owed £4,193 as a trade debtor (2023 - £538), plus £3,735 (2023: nil) included within debtors.

During the year, the Company repaid a loan of £190,000 (2023 - £350,000) from GPM360 Limited. Interest of £Nil (2023 -£Nil) was paid on this loan in the year. At the year-end, the balance is £Nil (2023 - £190,000).

During the year, the Company was advanced £7,647 (2023: £nil) by shareholder BAS Media Sales Limited, which is outstanding at the year end. This loan is interest free and repayable on demand.

Barclays Security Trustee Limited holds a charge against the property and undertakings of the Company, as a cross guarantee for the mortgage held by group company GPM360 Limited. The carrying amount of the assets pledged at the year end was £459,098 (2023: £413,703). The charge contains a negative pledge.

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