Registered Number:06909413 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
360 Rope Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
360 Rope Solutions Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
24,750
9,709
2
24,750
9,709
6,280
-
3
Trade and other receivables |
59,914
26,371
4
24,143
Cash and cash equivalents |
30,528
56,899
90,337
Trade and other payables: amounts falling due within one year |
(60,846)
(22,154)
5
29,491
34,745
Net current assets
Total assets less current liabilities |
59,495
39,200
Trade and other payables: amounts falling due after more than |
one year |
-
(20,836)
6
(4,702)
(1,844)
Provisions for liabilities |
33,957
Net assets
37,356
1
1
33,956
37,355
33,957
37,356
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each |
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and |
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as |
applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr James Pallatt Director |
These financial statements were approved and authorised for issue by the Board on 18 July 2023 and were signed by: |
1 of 4
For the year ended 31 March 2023
360 Rope Solutions Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 31 March 2023
360 Rope Solutions Ltd
Notes to the Financial Statements
Statutory Information
360 Rope Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
06909413. |
69 George Street
Saltaire
Shipley
BD18 4LP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
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
Motor vehicles
2. Property, plant and equipment |
Motor vehicles
32,381
2,181
30,200
33,000
-
33,000
-
(30,200)
(30,200)
33,000
2,181
35,181
Provision for depreciation and impairment |
22,672
2,027
20,645
Charge for year
8,404
154
8,250
(20,645)
-
(20,645)
10,431
2,181
8,250
24,750
-
24,750
9,555
154
9,709
3 of 4
For the year ended 31 March 2023
360 Rope Solutions Ltd
Notes to the Financial Statements Continued
2022
2023
-
6,280
4. Trade and other receivables |
2022
2023
16,494
43,475
9,877
16,439
59,914
26,371
5. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
7,947
19,616
14,207
41,230
22,154
60,846
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
20,836
-
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
4 of 4