Company Registration No. 10356979 (England and Wales)
360 FINANCIAL SERVICES LTD
Unaudited accounts
for the year ended 31 March 2018
360 FINANCIAL SERVICES LTD
Unaudited accounts
Contents
360 FINANCIAL SERVICES LTD
Company Information
for the year ended 31 March 2018
Directors
Jamie Buffin
Matthew Cornall
Company Number
10356979 (England and Wales)
Registered Office
1ST FLOOR AUDIT HOUSE
151 HIGH STREET
BILLERICAY
ESSEX
CM12 9AB
ENGLAND
Accountants
First Call Accounting Ltd
1st Floor Audit House
151 High Street
Billericay
Essex
CM12 9AB
360 FINANCIAL SERVICES LTD
Statement of financial position
as at
31 March 2018
Cash at bank and in hand
23,600
3,560
Creditors: amounts falling due within one year
(12,714)
(4,413)
Net current assets
32,531
141
Total assets less current liabilities
32,531
553
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
32,431
375
Shareholders' funds
32,531
475
For the year ending 31 March 2018 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 August 2018.
Jamie Buffin
Director
Company Registration No. 10356979
360 FINANCIAL SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2018
360 FINANCIAL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 10356979. The registered office is 1ST FLOOR AUDIT HOUSE, 151 HIGH STREET, BILLERICAY, ESSEX, CM12 9AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
360 FINANCIAL SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Accrued income and prepayments
15,423
1,958
Other debtors
5,727
(1,024)
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
11,098
1,539
Loans from directors
-
2,009
7
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
(1,024)
29,292
22,441
5,827
(1,024)
29,292
22,441
5,827
360 FINANCIAL SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2018
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).