Company Registration No. 08111180 (England and Wales)
Floating Cloud Limited
Unaudited accounts
for the year ended 31 March 2023
Floating Cloud Limited
Unaudited accounts
Contents
Floating Cloud Limited
Company Information
for the year ended 31 March 2023
Directors
Sharon Mordecai
Joseph Paul Smith
Company Number
08111180 (England and Wales)
Registered Office
62 WILBURY WAY
HITCHIN
HERTFORDSHIRE
SG4 0TP
ENGLAND
Floating Cloud Limited
Statement of financial position
as at 31 March 2023
Tangible assets
38,270
5,651
Cash at bank and in hand
184,291
170,322
Creditors: amounts falling due within one year
(166,405)
(166,402)
Net current assets
294,158
280,758
Total assets less current liabilities
332,428
286,409
Creditors: amounts falling due after more than one year
(136,655)
(136,363)
Net assets
195,773
150,046
Called up share capital
100
100
Profit and loss account
195,673
149,946
Shareholders' funds
195,773
150,046
For the year ending 31 March 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 24 January 2024 and were signed on its behalf by
Sharon Mordecai
Director
Company Registration No. 08111180
Floating Cloud Limited
Notes to the Accounts
for the year ended 31 March 2023
Floating Cloud Limited is a private company, limited by shares, registered in England and Wales, registration number 08111180. The registered office is 62 WILBURY WAY, HITCHIN, HERTFORDSHIRE, SG4 0TP, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Floating Cloud Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
-
42,514
42,514
At 31 March 2023
45,374
42,514
87,888
At 1 April 2022
-
36,863
36,863
Charge for the year
11,343
1,412
12,755
At 31 March 2023
11,343
38,275
49,618
At 31 March 2023
34,031
4,239
38,270
At 31 March 2022
-
5,651
5,651
Amounts falling due within one year
Trade debtors
271,322
271,888
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,387
6,216
Taxes and social security
122,915
137,704
Loans from directors
25,410
-
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
102,395
136,363
Obligations under finance leases and hire purchase contracts
34,260
-
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).