Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09360440 Mr Steven Curtis Mr Jerzy Urbanczyk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09360440 2023-12-31 09360440 2024-12-31 09360440 2024-01-01 2024-12-31 09360440 frs-core:CurrentFinancialInstruments 2024-12-31 09360440 frs-core:Non-currentFinancialInstruments 2024-12-31 09360440 frs-core:FurnitureFittings 2024-12-31 09360440 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09360440 frs-core:FurnitureFittings 2023-12-31 09360440 frs-core:ShareCapital 2024-12-31 09360440 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09360440 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09360440 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09360440 frs-bus:SmallEntities 2024-01-01 2024-12-31 09360440 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09360440 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09360440 frs-bus:Director1 2024-01-01 2024-12-31 09360440 frs-bus:Director2 2024-01-01 2024-12-31 09360440 frs-countries:EnglandWales 2024-01-01 2024-12-31 09360440 2022-12-31 09360440 2023-12-31 09360440 2023-01-01 2023-12-31 09360440 frs-core:CurrentFinancialInstruments 2023-12-31 09360440 frs-core:Non-currentFinancialInstruments 2023-12-31 09360440 frs-core:ShareCapital 2023-12-31 09360440 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09360440
360 Ig Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09360440
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 3,034 1,755
Cash at bank and in hand 847 6,937
3,881 8,692
Creditors: Amounts Falling Due Within One Year 6 (28,791 ) (22,750 )
NET CURRENT ASSETS (LIABILITIES) (24,910 ) (14,058 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,910 ) (14,058 )
Creditors: Amounts Falling Due After More Than One Year 7 (21,321 ) (25,803 )
NET LIABILITIES (46,231 ) (39,861 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (46,331 ) (39,961 )
SHAREHOLDERS' FUNDS (46,231) (39,861)
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 Profit and Loss Account.
On behalf of the board
Mr Steven Curtis
Director
9 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
360 Ig Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09360440 . The registered office is 374 Ley Street, Ilford, Essex, IG1 4AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Fixtures & Fittings 20% straight line
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 7,250
As at 31 December 2024 7,250
Depreciation
As at 1 January 2024 7,250
As at 31 December 2024 7,250
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 3,034 1,755
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,599 7,899
Bank loans and overdrafts 5,813 5,242
Directors' loan accounts 3,379 9,609
28,791 22,750
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,321 25,803
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3