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Registered number: 10134040
67DEGREES LTD
Financial Statements
For The Year Ended 30 April 2026
AC Tax Services
144 Mackie Avenue
Brighton
BN1 8SB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10134040
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 194,789 36,004
194,789 36,004
CURRENT ASSETS
Debtors 5 56,523 36,543
Cash at bank and in hand 210,836 140,033
267,359 176,576
Creditors: Amounts Falling Due Within One Year 6 (345,089 ) (255,496 )
NET CURRENT ASSETS (LIABILITIES) (77,730 ) (78,920 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,059 (42,916 )
Creditors: Amounts Falling Due After More Than One Year 7 (25,076 ) (70,283 )
NET ASSETS/(LIABILITIES) 91,983 (113,199 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 91,883 (113,299 )
SHAREHOLDERS' FUNDS 91,983 (113,199)
Page 1
Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Laura Coleby
Director
23/06/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
67DEGREES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10134040 . The registered office is 144 Mackie Avenue, Brighton, East Sussex, BN1 8SB.
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:
Freehold 20 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2025: 14)
17 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2025 - 2,458 28,912 30,040
Additions 85,656 - - 75,181
As at 30 April 2026 85,656 2,458 28,912 105,221
Depreciation
As at 1 May 2025 - 1,681 18,635 18,240
Provided during the period - 194 2,569 4,120
As at 30 April 2026 - 1,875 21,204 22,360
Net Book Value
As at 30 April 2026 85,656 583 7,708 82,861
As at 1 May 2025 - 777 10,277 11,800
Computer Equipment Total
£ £
Cost
As at 1 May 2025 36,314 97,724
Additions 9,267 170,104
As at 30 April 2026 45,581 267,828
Depreciation
As at 1 May 2025 23,164 61,720
Provided during the period 4,436 11,319
As at 30 April 2026 27,600 73,039
Net Book Value
As at 30 April 2026 17,981 194,789
As at 1 May 2025 13,150 36,004
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 20,128 19,991
Other debtors 36,395 16,552
56,523 36,543
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 12,003 1
Other creditors 185,425 182,654
Taxation and social security 147,661 72,841
345,089 255,496
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 16,919 65,858
Other loans 8,157 4,425
25,076 70,283
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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