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Company Registration No. 08728908 (England and Wales)
Professional Cloud Publishing Ltd Unaudited accounts for the year ended 30 November 2023
Professional Cloud Publishing Ltd Unaudited accounts Contents
Page
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Professional Cloud Publishing Ltd Company Information for the year ended 30 November 2023
Directors
M M Aaron S M Aaron
Company Number
08728908 (England and Wales)
Registered Office
2 The Willows Mill Farm Courtyard Beachampton Milton Keynes Buckinghamshire MK19 6DS England
Accountants
Zincbooks Limited 27 Nettle Gap Close Wootton Fields Northampton NN4 6AH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Professional Cloud Publishing Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Professional Cloud Publishing Ltd for the year ended 30 November 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Professional Cloud Publishing Ltd, as a body, in accordance with the terms of our engagement letter dated 19 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Professional Cloud Publishing Ltd and state those matters that we have agreed to state to the Board of Directors of Professional Cloud Publishing Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Professional Cloud Publishing Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Professional Cloud Publishing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Professional Cloud Publishing Ltd. You consider that Professional Cloud Publishing Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Professional Cloud Publishing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Zincbooks Limited Chartered Accountants 27 Nettle Gap Close Wootton Fields Northampton NN4 6AH 2 August 2024
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Professional Cloud Publishing Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(5)
109 
Current assets
Debtors
115,736 
82,169 
Cash at bank and in hand
67 
42 
115,803 
82,211 
Creditors: amounts falling due within one year
(104,799)
(89,049)
Net current assets/(liabilities)
11,004 
(6,838)
Total assets less current liabilities
10,999 
(6,729)
Creditors: amounts falling due after more than one year
(53,908)
(44,063)
Net liabilities
(42,909)
(50,792)
Capital and reserves
Called up share capital
3 
3 
Share premium
288,803 
288,803 
Profit and loss account
(331,715)
(339,598)
Shareholders' funds
(42,909)
(50,792)
For the year ending 30 November 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 2 August 2024 and were signed on its behalf by
S M Aaron Director Company Registration No. 08728908
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Professional Cloud Publishing Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Professional Cloud Publishing Ltd is a private company, limited by shares, registered in England and Wales, registration number 08728908. The registered office is 2 The Willows, Mill Farm Courtyard, Beachampton, Milton Keynes, Buckinghamshire, MK19 6DS, 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.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Government grants
Grant funding receivable has been recognised in the year. The grant funding is recognised in the profit and loss account in the period in which the conditions of the grant funding are met. Grant funding is recognised within other operating income.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
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:
Computer equipment
33% straight line
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Professional Cloud Publishing Ltd Notes to the Accounts for the year ended 30 November 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
2,775 
At 30 November 2023
2,775 
Depreciation
At 1 December 2022
2,666 
Charge for the year
114 
At 30 November 2023
2,780 
Net book value
At 30 November 2023
(5)
At 30 November 2022
109 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
115,736 
82,169 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
11,249 
12,810 
Trade creditors
42,759 
25,905 
Taxes and social security
39,791 
31,791 
Other creditors
2,002 
2,000 
Loans from directors
- 
10,543 
Accruals
3,998 
1,000 
104,799 
89,049 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
43,335 
44,063 
Loans from directors
10,573 
- 
53,908 
44,063 
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Professional Cloud Publishing Ltd Notes to the Accounts for the year ended 30 November 2023
8
Transactions with related parties
During the year this company made sales amounting to £3,000 (2022: £36,000) to EIS. Marketing Ltd, a company in which the directors of this company are also controlling shareholders. At the year end this company owed £82,736 (2022 £81,629). During the year this company made purchases amounting to £975 (2022: £3,000) from Four the Willows Ltd, a company in which a director of this company is also a controlling shareholder. At the year end this company was owed £nil (2022: £nil). During the year this company made purchases amounting to £975 (2022: £2,250) from MM5 Services Ltd, a company in which one of the directors of this company is also a controlling shareholder. At the year end this company was owed £nil (2022: £nil). At the year end, the company owed a balance of £5,346 (2022: £5,346) to M Aaron, a director of the company. The loan is interest free and repayable on demand. At the year end, the company owed a balance of £5,227 (2022: £5,197) to a S Aaron, director of the company. The loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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