360Onlineprint Limited - Accounts to registrar (filleted) - small 23.2.5
360Onlineprint Limited - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 December 2023 |
for |
360Onlineprint Limited |
360Onlineprint Limited (Registered number: 11967131) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
360Onlineprint Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
6th Floor, 2 London Wall Place |
London |
EC2Y 5AU |
United Kingdom |
360Onlineprint Limited (Registered number: 11967131) |
Statement of Financial Position |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
360Onlineprint Limited (Registered number: 11967131) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
360Onlineprint Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors confirm that, having reviewed the Company's cash requirements for the next 12 months from the date of signing the financial statements, they have formed a judgement that the Company has reasonable expectations that adequate resources will be available to continue operations for the foreseeable future. The Company has also received confirmation of support from its parent, for at least 12 months after the signing of the audit report, which provides additional security on the resources available to continue as a going concern. Therefore, these financial statements have been prepared on the going concern basis. In forming this judgement, the directors have reviewed forecasts for 2024-25, cash flow projections from the date of the approval of these financial statements, contingency planning and the sufficiency of banking facilities |
Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
The sale of goods is recognised on the date of despatch. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES |
The average number of employees during the year was NIL (2022 - NIL). |
360Onlineprint Limited (Registered number: 11967131) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Social security and other taxes |
Prepayments and accrued income |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Corporation tax |
Accruals and deferred income |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
MHA is the trading name of MacIntyre Hudson LLP, a limited liability |
partnership in England and Wales (registered number OC312313). |
7. | RELATED PARTY DISCLOSURES |
The company is a wholly-owned subsidiary of Binary Subject S.A. During the year under review the company received management contributions from its parent company of £925,638 (2022 £1,027,422). |
The loan with Binary Subject S.A.is interest free, unsecured and repayable on demand. |
At the balance sheet date, the amounts outstanding were as follows: |
2023 | 2022 |
Due from | Due to | Due from | Due to |
£ | £ | £ | £ |
Binary Subject S.A. | 523,162 | - | 25,166 | - |
The accounts of 360Onlineprint Limited are included in the consolidated financial statements of Binary Subject S.A. whose registered office address is Hipolito Center Park Fracao F, 2A. Bairro Arenes, Torres Vedras, 2560-628, Portugal. |