366 Direct Ltd - Filleted accounts

Registered number

10245938

366 Direct Ltd

Filleted Accounts

31 May 2025

366 Direct Ltd
Registered number:		10245938
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		65,343			81,678

Current assets
Stocks		825,000			775,000
Debtors	4	957,607			1,073,374
Cash at bank and in hand		229,032			131,285
		2,011,639			1,979,659

Creditors: amounts falling due within one year	5	(1,102,031)			(1,094,286)

Net current assets			909,608			885,373

Total assets less current liabilities			974,951			967,051

Creditors: amounts falling due after more than one year	6		(85,746)			(194,947)



Net assets			889,205			772,104

Capital and reserves
Called up share capital			100			100
Profit and loss account			889,105			772,004

Shareholders' funds			889,205			772,104

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Harpreet Kaur
Director
Approved by the board on 25 May 2026

366 Direct Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	20% Reducing Balance
	Fixtures, fittings, tools and equipment	25% Straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	699		159,090		159,789
	At 31 May 2025	699		159,090		159,789

	Depreciation
	At 1 June 2024	698		77,413		78,111
	Charge for the year	-		16,335		16,335
	At 31 May 2025	698		93,748		94,446

	Net book value
	At 31 May 2025	1		65,342		65,343
	At 31 May 2024	1		81,677		81,678


4	Debtors			2025		2024
£					£

	Trade debtors			578,996		515,934
	Other debtors			378,611		557,440
				957,607		1,073,374


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			91,949		68,832
	Trade creditors			534,043		515,472
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			138,738		138,738
	Taxation and social security costs			146,870		103,117
	Other creditors			190,431		268,127
				1,102,031		1,094,286


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			74,512		180,930
	Trade creditors			11,234		14,017
				85,746		194,947


7	Related party transactions

	During the period the company entered into transactions with Daldhaman Holdings Ltd. The amount outstanding to 366 Direct Ltd is £184,322 (2024 £143,322). This amount is included in the Debtors as Inter-Company Account. During the period the company entered into transactions with Sharan Properties Holding Ltd. The amount outstanding to 366 Direct Ltd is £193,289 (2024 £364,290). This amount is included in the Debtors as Inter-Company Account. During the period the company entered into transactions with HMC Trading. The amount outstanding to HMC Trading Ltd is £138,738 (2024 £138,738). This amount is included in the Creditors as Inter-Company Account


8	Other information

	366 Direct Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Second Floor
	48 Queen Street
	Wolverhampton
	West Midlands
	WV1 3BJ