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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
Page
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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
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Floating Cloud Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,270 
5,651 
Current assets
Debtors
276,272 
276,838 
Cash at bank and in hand
184,291 
170,322 
460,563 
447,160 
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 
Capital and reserves
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
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Floating Cloud Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
300,000 
At 31 March 2023
300,000 
Amortisation
At 1 April 2022
300,000 
At 31 March 2023
300,000 
Net book value
At 31 March 2023
- 
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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 
Additions
45,374 
- 
45,374 
At 31 March 2023
45,374 
42,514 
87,888 
Depreciation
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 
Net book value
At 31 March 2023
34,031 
4,239 
38,270 
At 31 March 2022
- 
5,651 
5,651 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
271,322 
271,888 
Other debtors
4,950 
4,950 
276,272 
276,838 
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 
- 
Accruals
12,693 
22,482 
166,405 
166,402 
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 
- 
136,655 
136,363 
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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