Registered Number
:
06909413
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
360 Rope Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
360 Rope Solutions Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
17,261
23,015
2
17,261
23,015
Trade and other receivables
|
32,503
41,173
3
19,837
Cash and cash equivalents
|
14,162
55,335
52,340
Trade and other payables
:
amounts falling due within one year
|
(37,360)
(44,764)
4
14,980
10,571
Net current assets
Total assets less current liabilities
|
27,832
37,995
Trade and other payables
:
amounts falling due after more than
|
one year
|
(22,906)
(17,543)
5
(3,279)
(4,373)
Provisions for liabilities
|
7,010
Net assets
10,716
1
1
7,009
10,715
7,010
10,716
Shareholders' funds
For the year ended 31 March 2020 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 2020 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 06 January 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
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
1
A 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
30,200
2,181
32,381
Provision for depreciation and impairment
|
9,366
1,816
7,550
Charge for year
5,754
91
5,663
15,120
1,907
13,213
16,987
274
17,261
22,650
365
23,015
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For the year ended 31 March 2020
360 Rope Solutions Ltd
Notes to the Financial Statements Continued
3
.
Trade and other receivables
|
2019
2020
25,629
27,018
15,544
5,485
32,503
41,173
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
-
3,466
Taxation and social security
|
18,520
13,658
26,244
20,236
44,764
37,360
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
17,543
22,906
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2019 : 1)
3 of 3