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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
Page
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Cloud Intellect Limited Company Information for the year ended 31 July 2023
Director
Howard Lynn
Company Number
9123035 (England and Wales)
Registered Office
Unit 16 Eckland Lodge Business Park Desborough Road Market Harborough Leicestershire LE16 8HB
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Cloud Intellect Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,500 
5,000 
Tangible assets
59,741 
74,642 
62,241 
79,642 
Current assets
Debtors
55,392 
37,067 
Cash at bank and in hand
33,743 
30,301 
89,135 
67,368 
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)
Net assets
109,672 
99,513 
Capital and reserves
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
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Cloud Intellect Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
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
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 
£ 
Cost
At 1 August 2022
25,000 
At 31 July 2023
25,000 
Amortisation
At 1 August 2022
20,000 
Charge for the year
2,500 
At 31 July 2023
22,500 
Net book value
At 31 July 2023
2,500 
At 31 July 2022
5,000 
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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 
Depreciation
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 
Net book value
At 31 July 2023
44,568 
3,772 
11,401 
59,741 
At 31 July 2022
59,424 
2,378 
12,840 
74,642 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,317 
36,267 
Other debtors
1,075 
800 
55,392 
37,067 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,173 
11,018 
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)
Accruals
500 
500 
36,240 
37,935 
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).
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