360 ICT Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06219225 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

360 ICT Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Charles

REGISTERED OFFICE:

9th Floor

Nova South

160 Victoria Street

London

SW1E 5LB

REGISTERED NUMBER:

06219225 (England and Wales)

ACCOUNTANTS:

Bells Accountants

10a High Street

Chislehurst

Kent

BR7 5AN

FIXED ASSETS

Tangible assets

4

45,740

2,052

CURRENT ASSETS

Stocks

244,450

136,665

Debtors

5

210,812

103,416

Cash at bank

132,898

30,720

588,160

270,801

CREDITORS

Amounts falling due within one year

6

479,946

133,682

NET CURRENT ASSETS

108,214

137,119

TOTAL ASSETS LESS CURRENT LIABILITIES

153,954

139,171

CREDITORS

Amounts falling due after more than one year

7

-

8,410

NET ASSETS

153,954

130,761

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

153,952

130,759

SHAREHOLDERS' FUNDS

153,954

130,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2021 and were signed by:

R L Charles - Director

1.	STATUTORY INFORMATION

360 ICT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

114,846

Additions

57,306

At 30 April 2020

172,152

DEPRECIATION

At 1 May 2019

112,794

Charge for year

13,618

At 30 April 2020

126,412

NET BOOK VALUE

At 30 April 2020

45,740

At 30 April 2019

2,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

119,867

103,416

Other debtors

90,945

-

210,812

103,416

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans and overdrafts

165,970

4,497

Trade creditors

241,902

66,330

Taxation and social security

22,074

49,956

Other creditors

50,000

12,899

479,946

133,682

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Other creditors

-

8,410

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2020 and 30 April 2019:

30.4.20

30.4.19

£

£

R L Charles

Balance outstanding at start of year

-

-

Amounts advanced

9,862

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,862

-