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Registered number: 07692739
Cloud 10 Consultancy Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07692739
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 151 201
151 201
CURRENT ASSETS
Debtors 5 14,450 14,812
Cash at bank and in hand 20,775 21,595
35,225 36,407
Creditors: Amounts Falling Due Within One Year 6 (22,475 ) (20,422 )
NET CURRENT ASSETS (LIABILITIES) 12,750 15,985
TOTAL ASSETS LESS CURRENT LIABILITIES 12,901 16,186
Creditors: Amounts Falling Due After More Than One Year 7 (8,333 ) (13,334 )
NET ASSETS 4,568 2,852
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 4,468 2,752
SHAREHOLDERS' FUNDS 4,568 2,852
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Claire Fertig
Director
3 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cloud 10 Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07692739 . The registered office is 4A Church Street, Market Harborough, Leicestershire, LE16 7AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
2.4. 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 statement of comprehensive income 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 4,323 3,099 7,422
As at 31 March 2024 4,323 3,099 7,422
Depreciation
As at 1 April 2023 4,122 3,099 7,221
Provided during the period 50 - 50
As at 31 March 2024 4,172 3,099 7,271
Net Book Value
As at 31 March 2024 151 - 151
As at 1 April 2023 201 - 201
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,450 14,812
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Other creditors 203 116
Taxation and social security 17,272 15,306
22,475 20,422
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,333 13,334
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