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Company Registration No. 08080178 (England and Wales)
CHOICECLOUD LTD Unaudited accounts for the year ended 31 May 2023
CHOICECLOUD LTD Unaudited accounts Contents
Page
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CHOICECLOUD LTD Company Information for the year ended 31 May 2023
Directors
Adeola Iyiola Momolosho Adenike Taiwo Momolosho
Company Number
08080178 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Elephant Consulting Uk Limited 35 Panyers Gardens Dagenham RM10 7FG
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CHOICECLOUD LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
15,341 
25,191 
Creditors: amounts falling due within one year
(2,653)
(2,548)
Net current assets
12,688 
22,643 
Total assets less current liabilities
12,688 
22,643 
Creditors: amounts falling due after more than one year
(24,183)
(21,436)
Net (liabilities)/assets
(11,495)
1,207 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(12,495)
207 
Shareholders' funds
(11,495)
1,207 
For the year ending 31 May 2023 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Adeola Iyiola Momolosho Director Company Registration No. 08080178
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CHOICECLOUD LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
CHOICECLOUD LTD is a private company, limited by shares, registered in England and Wales, registration number 08080178. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
3,761 
At 31 May 2023
3,761 
Depreciation
At 1 June 2022
3,761 
At 31 May 2023
3,761 
Net book value
At 31 May 2023
- 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,653 
2,548 
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CHOICECLOUD LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,183 
21,436 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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