IRIS Accounts Production v24.2.0.383 07431687 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074316872022-12-31074316872023-12-31074316872023-01-012023-12-31074316872021-12-31074316872022-01-012022-12-31074316872022-12-3107431687ns15:EnglandWales2023-01-012023-12-3107431687ns14:PoundSterling2023-01-012023-12-3107431687ns10:Director12023-01-012023-12-3107431687ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107431687ns10:SmallEntities2023-01-012023-12-3107431687ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107431687ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107431687ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107431687ns10:FullAccounts2023-01-012023-12-3107431687ns10:OrdinaryShareClass12023-01-012023-12-3107431687ns10:OrdinaryShareClass22023-01-012023-12-3107431687ns10:OrdinaryShareClass32023-01-012023-12-3107431687ns10:RegisteredOffice2023-01-012023-12-3107431687ns5:CurrentFinancialInstruments2023-12-3107431687ns5:CurrentFinancialInstruments2022-12-3107431687ns5:Non-currentFinancialInstruments2023-12-3107431687ns5:Non-currentFinancialInstruments2022-12-3107431687ns5:ShareCapital2023-12-3107431687ns5:ShareCapital2022-12-3107431687ns5:CapitalRedemptionReserve2023-12-3107431687ns5:CapitalRedemptionReserve2022-12-3107431687ns5:RetainedEarningsAccumulatedLosses2023-12-3107431687ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3107431687ns5:LeaseholdImprovements2022-12-3107431687ns5:PlantMachinery2022-12-3107431687ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3107431687ns5:LeaseholdImprovements2023-01-012023-12-3107431687ns5:PlantMachinery2023-01-012023-12-3107431687ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3107431687ns5:LeaseholdImprovements2023-12-3107431687ns5:PlantMachinery2023-12-3107431687ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3107431687ns5:LeaseholdImprovements2022-12-3107431687ns5:PlantMachinery2022-12-3107431687ns5:FurnitureFittings2022-12-3107431687ns5:MotorVehicles2022-12-3107431687ns5:ComputerEquipment2022-12-3107431687ns5:FurnitureFittings2023-01-012023-12-3107431687ns5:MotorVehicles2023-01-012023-12-3107431687ns5:ComputerEquipment2023-01-012023-12-3107431687ns5:FurnitureFittings2023-12-3107431687ns5:MotorVehicles2023-12-3107431687ns5:ComputerEquipment2023-12-3107431687ns5:FurnitureFittings2022-12-3107431687ns5:MotorVehicles2022-12-3107431687ns5:ComputerEquipment2022-12-3107431687ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107431687ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107431687ns5:WithinOneYear2023-12-3107431687ns5:WithinOneYear2022-12-3107431687ns5:BetweenOneFiveYears2023-12-3107431687ns5:BetweenOneFiveYears2022-12-3107431687ns5:AllPeriods2023-12-3107431687ns5:AllPeriods2022-12-3107431687ns5:Secured2023-12-3107431687ns5:Secured2022-12-3107431687ns5:DeferredTaxation2022-12-3107431687ns5:DeferredTaxation2023-12-3107431687ns10:OrdinaryShareClass12023-12-3107431687ns10:OrdinaryShareClass22023-12-3107431687ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 07431687 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

CLOUD9 INSIGHT LTD

CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOUD9 INSIGHT LTD

Company Information
for the year ended 31 December 2023







DIRECTOR: C Jackson





REGISTERED OFFICE: 2 Printer's Yard
90a, The Broadway
London
SW19 1RD





REGISTERED NUMBER: 07431687 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 222,313 201,339

CURRENT ASSETS
Debtors 5 392,524 392,259
Cash at bank 528,173 389,268
920,697 781,527
CREDITORS
Amounts falling due within one year 6 (867,116 ) (841,426 )
NET CURRENT ASSETS/(LIABILITIES) 53,581 (59,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,894

141,440

CREDITORS
Amounts falling due after more than one
year

7

(197,713

)

(106,528

)

PROVISIONS FOR LIABILITIES 10 (54,331 ) (29,101 )
NET ASSETS 23,850 5,811

CAPITAL AND RESERVES
Called up share capital 11 866 866
Capital redemption reserve 333 333
Retained earnings 22,651 4,612
SHAREHOLDERS' FUNDS 23,850 5,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





C Jackson - Director


CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Cloud 9 Insight Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT.

Project revenue is recognised in accordance with work being delivered to customers in any given period.

Licence and Support revenue is recognised in the period to which it relates, with any invoices in advance of a service period being deferred.

Software and Other revenue are recognised in full at the point of invoicing, together with any direct costs.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold-10 years straight line
Improvements to property-4 years straight line
Fixtures and equipment -4 years straight line
Computer equipment-3 years straight line
Plant and machinery-4 years straight line
Motor vehicles -25% reducing balance

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its 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, if any.

Financial instruments
Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Government assistance
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government is paying the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 34 ) .

CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 91,559 19,281 1,798
Additions - 59,511 -
Disposals - - -
At 31 December 2023 91,559 78,792 1,798
DEPRECIATION
At 1 January 2023 9,156 15,363 449
Charge for year 5,225 17,973 450
Eliminated on disposal - - -
At 31 December 2023 14,381 33,336 899
NET BOOK VALUE
At 31 December 2023 77,178 45,456 899
At 31 December 2022 82,403 3,918 1,349

Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 43,608 109,949 94,101 360,296
Additions 12,392 - 17,866 89,769
Disposals (524 ) - - (524 )
At 31 December 2023 55,476 109,949 111,967 449,541
DEPRECIATION
At 1 January 2023 28,914 27,487 77,588 158,957
Charge for year 9,664 20,616 14,474 68,402
Eliminated on disposal (131 ) - - (131 )
At 31 December 2023 38,447 48,103 92,062 227,228
NET BOOK VALUE
At 31 December 2023 17,029 61,846 19,905 222,313
At 31 December 2022 14,694 82,462 16,513 201,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 238,298 361,892
Other debtors 154,226 30,367
392,524 392,259

CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 189,407 192,083
Trade creditors 133,795 97,314
Taxation and social security 116,567 209,024
Other creditors 427,347 343,005
867,116 841,426

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 197,713 106,528

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 90,126 34,391
Between one and five years 319,435 103,173
409,561 137,564

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 387,120 298,611

HSBC UK have a fixed and floating charge over all the assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 54,331 29,101

CLOUD9 INSIGHT LTD (REGISTERED NUMBER: 07431687)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 29,101
Movement in capital allowances 25,230
Balance at 31 December 2023 54,331

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
666 Ordinary A £1 666 666
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
866 866