Company registration number 07627306 (England and Wales)
THREESIXTY COMMERCIAL FINANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
THREESIXTY COMMERCIAL FINANCE LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
THREESIXTY COMMERCIAL FINANCE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
790
1,053
Investments
4
25
25
815
1,078
Current assets
Debtors
5
25,604
28,289
Cash at bank and in hand
7,643
4,904
33,247
33,193
Creditors: amounts falling due within one year
6
(31,669)
(28,687)
Net current assets
1,578
4,506
Total assets less current liabilities
2,393
5,584
Creditors: amounts falling due after more than one year
7
-
(7,559)
Net assets/(liabilities)
2,393
(1,975)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
2,293
(2,075)
Total equity
2,393
(1,975)
THREESIXTY COMMERCIAL FINANCE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 3 September 2025 and are signed on its behalf by:
Mr P Raybould
Director
Company registration number 07627306 (England and Wales)
THREESIXTY COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Threesixty Commercial Finance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 406 Duffield Road, Darley Abbey, Derby, Derbyshire, DE22 1ES.

1.1
Basis of preparation

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. Monetary a mounts in these financial statements are rounded to the nearest £.

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

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

THREESIXTY COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

THREESIXTY COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
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.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 and 31 May 2025
4,428
Depreciation and impairment
At 1 June 2024
3,375
Depreciation charged in the year
263
At 31 May 2025
3,638
Carrying amount
At 31 May 2025
790
At 31 May 2024
1,053
THREESIXTY COMMERCIAL FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
25
25
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
17,709
12,709
Other debtors
7,895
15,580
25,604
28,289
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,559
7,559
Corporation tax
4,153
442
Other taxation and social security
302
-
0
Other creditors
19,655
20,686
31,669
28,687
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
7,559
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

At the year end the company was owed £25,268 (2024: £27,827) from related companies.

Included within other creditors is a loan advanced from the director amounting to £18,747 (2024: £19,380). There is no interest charged on this loan.

2025-05-31 2024-06-01 false false false 03 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mrs H Raybould Mr P Raybould 07627306 2024-06-01 2025-05-31 07627306 2025-05-31 07627306 2024-05-31 07627306 core:OtherPropertyPlantEquipment 2025-05-31 07627306 core:OtherPropertyPlantEquipment 2024-05-31 07627306 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 07627306 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07627306 core:ShareCapital 2025-05-31 07627306 core:ShareCapital 2024-05-31 07627306 core:RetainedEarningsAccumulatedLosses 2025-05-31 07627306 core:RetainedEarningsAccumulatedLosses 2024-05-31 07627306 core:ShareCapitalOrdinaryShareClass1 2025-05-31 07627306 core:ShareCapitalOrdinaryShareClass1 2024-05-31 07627306 bus:Director2 2024-06-01 2025-05-31 07627306 core:ComputerEquipment 2024-06-01 2025-05-31 07627306 2023-06-01 2024-05-31 07627306 core:OtherPropertyPlantEquipment 2024-05-31 07627306 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 07627306 core:CurrentFinancialInstruments 2024-05-31 07627306 core:WithinOneYear 2025-05-31 07627306 core:WithinOneYear 2024-05-31 07627306 core:CurrentFinancialInstruments 2025-05-31 07627306 core:Non-currentFinancialInstruments 2025-05-31 07627306 core:Non-currentFinancialInstruments 2024-05-31 07627306 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 07627306 bus:OrdinaryShareClass1 2025-05-31 07627306 bus:OrdinaryShareClass1 2024-05-31 07627306 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07627306 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07627306 bus:FRS102 2024-06-01 2025-05-31 07627306 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 07627306 bus:Director1 2024-06-01 2025-05-31 07627306 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP