UNITY CLOUD SERVICES LTD

Company Registration Number:
10344579 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

UNITY CLOUD SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNITY CLOUD SERVICES LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 135,118 140,808
Cost of sales: ( 65,259 ) ( 45,585 )
Gross profit(or loss): 69,859 95,223
Administrative expenses: ( 58,766 ) ( 45,671 )
Operating profit(or loss): 11,093 49,552
Interest payable and similar charges: ( 1,802 ) ( 4,287 )
Profit(or loss) before tax: 9,291 45,265
Profit(or loss) for the financial year: 9,291 45,265

UNITY CLOUD SERVICES LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 509,232 502,497
Tangible assets: 4 471,856 471,738
Total fixed assets: 981,088 974,235
Current assets
Stocks: 5 1,186 1,186
Debtors: 6 19,307 18,751
Total current assets: 20,493 19,937
Creditors: amounts falling due within one year: 7 ( 77,461 ) ( 56,259 )
Net current assets (liabilities): (56,968) (36,322)
Total assets less current liabilities: 924,120 937,913
Creditors: amounts falling due after more than one year: 8 ( 39,300 ) ( 45,913 )
Total net assets (liabilities): 884,820 892,000
Capital and reserves
Called up share capital: 50,000 50,000
Other reserves: 739,127 755,598
Profit and loss account: 95,693 86,402
Total Shareholders' funds: 884,820 892,000

The notes form part of these financial statements

UNITY CLOUD SERVICES LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 April 2024
and signed on behalf of the board by:

Name: Simon Scotchbrook
Status: Director

The notes form part of these financial statements

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings - over 50 yearsLeasehold land and buildings - over the lease termPlant and machinery - over 5 yearsFixtures, fittings, tools and equipment - over 3 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. All intangible assets are considered to have a finite useful life, if a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.Amortisation of the company's intangible assets is to be incurred so as to write off the cost, less any estimated residual value over their useful life.

    Other accounting policies

    Research and DevelopmentIntangible assets included within the accounts represent costs that have been generated through Research and Development activities which have reached the development phase of a project,and only if the asset can demonstrate that it will generate probable future economic benefits for the company. The capitalised development costs will be subsequently amortised on a straight-line basis over the projects deemed economic life.basis over the projects deemed economic life.

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 1

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 502,497 502,497
Additions 10,293 10,293
Disposals 0 0
Revaluations
Transfers
At 31 December 2023 512,790 512,790
Amortisation
At 1 January 2023 0 0
Charge for year 3,558 3,558
On disposals
Other adjustments
At 31 December 2023 3,558 3,558
Net book value
At 31 December 2023 509,232 509,232
At 31 December 2022 502,497 502,497

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 549,094 549,094
Additions 4,011 4,011
Disposals
Revaluations
Transfers
At 31 December 2023 553,105 553,105
Depreciation
At 1 January 2023 77,356 77,356
Charge for year 3,893 3,893
On disposals
Other adjustments
At 31 December 2023 81,249 81,249
Net book value
At 31 December 2023 471,856 471,856
At 31 December 2022 471,738 471,738

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 1,186 1,186
Total 1,186 1,186

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 19,213 18,130
Other debtors 94 621
Total 19,307 18,751

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 9,393 22,015
Trade creditors 68,068 33,641
Other creditors 603
Total 77,461 56,259

UNITY CLOUD SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 39,300 45,913
Total 39,300 45,913