Despatch Cloud Limited Filleted Accounts Cover
Despatch Cloud Limited
Company No. 09615192
Information for Filing with The Registrar
31 October 2023
Despatch Cloud Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 October 2023.
Principal activities
The principal activity of the company during the year under review was Software development and sales.
Directors
The Directors who served at any time during the year were as follows:
M.N. Dunne
M.J. Nichols
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M.J. Nichols
Director
31 July 2024
Despatch Cloud Limited Balance Sheet Registrar
at
31 October 2023
Company No.
09615192
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
65,01222,384
Investments
5
44,948102,807
109,960125,191
Current assets
Debtors
6
340,631163,062
Cash at bank and in hand
111,77659,575
452,407222,637
Creditors: Amount falling due within one year
7
(316,295)
(171,064)
Net current assets
136,11251,573
Total assets less current liabilities
246,072176,764
Creditors: Amounts falling due after more than one year
8
(15,181)
(24,954)
Provisions for liabilities
Deferred taxation
(16,253)
(4,253)
Net assets
214,638147,557
Capital and reserves
Called up share capital
1010
Profit and loss account
10
214,628147,547
Total equity
214,638147,557
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2024 and signed on its behalf by:
M.N. Dunne
Director
31 July 2024
Despatch Cloud Limited Notes to the Accounts Registrar
for the year ended 31 October 2023
1
General information
Despatch Cloud Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09615192
Its registered office is:
Unit 76
Warfield Road
Kellythorpe Ind Estate
Driffield
YO25 9FQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
These Financial statements have been prepared on a Going Concern basis
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% straight line
Furniture, fittings and equipment
25% Straight line
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
5742
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 November 2022
-55,48955,489
Additions
59,5006,90966,409
At 31 October 2023
59,50062,398121,898
Depreciation
At 1 November 2022
-33,10533,105
Charge for the year
11,90011,88123,781
At 31 October 2023
11,90044,98656,886
Net book values
At 31 October 2023
47,60017,41265,012
At 31 October 2022
-
22,384
22,384
5
Investments
Other investments
Total
£
£
Cost or valuation
At 1 November 2022
102,807
102,807
Revaluation
1,641
1,641
Disposals
(59,500)
(59,500)
At 31 October 2023
44,948
44,948
Provisions/Impairment
Net book values
At 31 October 2023
44,948
44,948
At 31 October 2022
102,807
102,807
6
Debtors
2023
2022
£
£
Trade debtors
289,769136,525
Corporation tax recoverable
13,0766,938
Loans to directors
37,78619,599
340,631163,062
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
32,74430,281
Trade creditors
106,5354,802
Taxes and social security
164,959
125,605
Other creditors
2,4871,332
Accruals and deferred income
9,5709,044
316,295171,064
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,18124,954
15,18124,954
9
Share Capital
The total issued share capital comprises 50 A Ordinary shares (Fully paid), and 50 B Ordinary shares (Fully paid)
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
10,000
10,000
10,000
10,000
Dividends by type:
Equity dividends
10,00010,000
10,000
10,000
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