For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06909413
360 Rope Solutions Ltd
For the year ended 31 March 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountant's Report
For the year ended 31 March 2015
360 Rope Solutions Ltd
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
360
Rope
|
Solutions Ltd for the year ended
31
March
2015
which comprise the Profit and Loss Account
,
the Balance Sheet and the related notes from
|
the company
'
s accounting records and from information and explanations you have given us
.
|
As a practising member of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other professional
|
requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of
360
Rope Solutions Ltd
,
as a body
,
in accordance with the terms of our engagement
|
letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
360
Rope Solutions Ltd and state those
|
matters that we have agreed to state to the Board of Directors of
360
Rope Solutions Ltd
,
as a body
,
in this report in accordance with the
|
requirements of the Association of Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest
|
extent permitted by law
,
we do not accept or assume responsibility to anyone other than
360
Rope Solutions Ltd and its Board of Directors
|
as a body for our work or for this report
.
|
It is your duty to ensure that
360
Rope Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true
|
and fair view of the assets
,
liabilities
,
financial position and profit of
360
Rope Solutions Ltd
.
You consider that
360
Rope Solutions Ltd is
|
exempt from the statutory audit requirement for the year
.
|
Paul Watts FCCA
Jack Cottage
Feizor
Nr Austwick
North Yorkshire
LA2 8DF
29 December 2015
1 of 4
Abbreviated Balance Sheet
|
360 Rope Solutions Ltd
2015
2014
2
1,154
201
1,154
201
5,520
10,408
4,919
4,301
15,327
9,821
Creditors
:
amounts falling due within one year
|
(9,988)
(15,043)
(167)
284
Net current assets
Total assets less current liabilities
|
1,438
34
(231)
-
Provisions for liabilities
|
1,207
Net assets
34
1
3
1
1,206
33
1,207
34
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 29 December 2015
|
Mr James Pallatt Director
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
360 Rope Solutions Ltd
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior
|
to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
360 Rope Solutions Ltd
843
1,338
2,181
642
385
Charge for year
1,027
1,154
201
Allotted called up and fully paid
|
2015
2014
1
Class A shares of £
1
.
00
each
|
1
1
1
1
4 of 4