Company Registration No. 07222399 (England and Wales)
360 TRADING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
360 TRADING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
360 TRADING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
771
1,315
Current assets
Stocks
5,721
5,000
Debtors
31,433
8,264
Cash at bank and in hand
128,918
70,390
166,072
83,654
Creditors: amounts falling due within one year
(100,869)
(68,194)
Net current assets
65,203
15,460
Total assets less current liabilities
65,974
16,775
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
65,973
16,774
Shareholders' funds
65,974
16,775
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 October 2015
Deborah Kachani
Director
Company Registration No. 07222399
360 TRADING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for the provision of goods and services net of VAT.
1.4
Tangible fixed assets and depreciation
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:
Computer equipment
33% Straight Line
Fixtures, fittings & equipment
33% Straight Line
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
1,631
Depreciation
At 1 May 2014
316
Charge for the year
544
At 30 April 2015
860
Net book value
At 30 April 2015
771
At 30 April 2014
1,315
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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