Company Registration No. 9123035 (England and Wales)
Cloud Intellect Limited
Unaudited accounts
for the year ended 31 July 2023
Cloud Intellect Limited
Unaudited accounts
Contents
Cloud Intellect Limited
Company Information
for the year ended 31 July 2023
Company Number
9123035 (England and Wales)
Registered Office
Unit 16 Eckland Lodge Business Park
Desborough Road
Market Harborough
Leicestershire
LE16 8HB
Cloud Intellect Limited
Statement of financial position
as at 31 July 2023
Intangible assets
2,500
5,000
Tangible assets
59,741
74,642
Cash at bank and in hand
33,743
30,301
Creditors: amounts falling due within one year
(36,240)
(37,935)
Net current assets
52,895
29,433
Total assets less current liabilities
115,136
109,075
Creditors: amounts falling due after more than one year
(5,464)
(9,562)
Called up share capital
1
1
Profit and loss account
109,671
99,512
Shareholders' funds
109,672
99,513
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 9 October 2023 and were signed on its behalf by
Howard Lynn
Director
Company Registration No. 9123035
Cloud Intellect Limited
Notes to the Accounts
for the year ended 31 July 2023
Cloud Intellect Limited is a private company, limited by shares, registered in England and Wales, registration number 9123035. The registered office is Unit 16 Eckland Lodge Business Park, Desborough Road, Market Harborough, Leicestershire, LE16 8HB.
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
25% written down value
Computer equipment
25% written down value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised on a straight line basis over 10 years.
4
Intangible fixed assets
Goodwill
Cloud Intellect Limited
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
79,232
5,998
25,420
110,650
Additions
-
2,651
2,361
5,012
At 31 July 2023
79,232
8,649
27,781
115,662
At 1 August 2022
19,808
3,620
12,580
36,008
Charge for the year
14,856
1,257
3,800
19,913
At 31 July 2023
34,664
4,877
16,380
55,921
At 31 July 2023
44,568
3,772
11,401
59,741
At 31 July 2022
59,424
2,378
12,840
74,642
Amounts falling due within one year
Trade debtors
54,317
36,267
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,245
-
Trade creditors
4,751
23,680
Taxes and social security
7,105
4,208
Loans from directors
(2,534)
(1,471)
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,464
9,562
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).