Abbreviated Company Accounts - 360 DEGREES FINANCE LTD

Abbreviated Company Accounts - 360 DEGREES FINANCE LTD

360 DEGREES FINANCE LTD - Company Information

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Registered Number SC382075

360 DEGREES FINANCE LTD

Abbreviated Accounts

31 December 2014

360 DEGREES FINANCE LTD Registered Number SC382075

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 112 150
112 150
Current assets
Cash at bank and in hand 109 1,644
109 1,644
Creditors: amounts falling due within one year (1,077) (5,365)
Net current assets (liabilities) (968) (3,721)
Total assets less current liabilities (856) (3,571)
Total net assets (liabilities) (856) (3,571)
Capital and reserves
Called up share capital 2 2
Profit and loss account (858) (3,573)
Shareholders' funds (856) (3,571)
  • For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 June 2015

And signed on their behalf by:
Michael Hughes, Director

360 DEGREES FINANCE LTD Registered Number SC382075

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment 25% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 January 2014 313
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 313
Depreciation
At 1 January 2014 163
Charge for the year 38
On disposals -
At 31 December 2014 201
Net book values
At 31 December 2014 112
At 31 December 2013 150