Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11797795 K L Taylor K L Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11797795 2023-01-31 11797795 2024-01-31 11797795 2023-02-01 2024-01-31 11797795 frs-core:CurrentFinancialInstruments 2024-01-31 11797795 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11797795 frs-core:OtherResidualIntangibleAssets 2024-01-31 11797795 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 11797795 frs-core:OtherResidualIntangibleAssets 2023-01-31 11797795 frs-core:PlantMachinery 2024-01-31 11797795 frs-core:PlantMachinery 2023-02-01 2024-01-31 11797795 frs-core:PlantMachinery 2023-01-31 11797795 frs-core:SharePremium 2024-01-31 11797795 frs-core:ShareCapital 2024-01-31 11797795 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11797795 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11797795 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11797795 frs-bus:SmallEntities 2023-02-01 2024-01-31 11797795 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11797795 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11797795 frs-bus:Director1 2023-02-01 2024-01-31 11797795 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 11797795 frs-countries:EnglandWales 2023-02-01 2024-01-31 11797795 2022-01-31 11797795 2023-01-31 11797795 2022-02-01 2023-01-31 11797795 frs-core:CurrentFinancialInstruments 2023-01-31 11797795 frs-core:SharePremium 2023-01-31 11797795 frs-core:ShareCapital 2023-01-31 11797795 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11797795
Parent Cloud Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
LK & Associates Limited
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11797795
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,338 19,487
Tangible Assets 5 2,992 2,351
23,330 21,838
CURRENT ASSETS
Debtors 6 10,673 24,563
Cash at bank and in hand 191,627 80,640
202,300 105,203
Creditors: Amounts Falling Due Within One Year 7 (171,305 ) (122,340 )
NET CURRENT ASSETS (LIABILITIES) 30,995 (17,137 )
TOTAL ASSETS LESS CURRENT LIABILITIES 54,325 4,701
NET ASSETS 54,325 4,701
CAPITAL AND RESERVES
Called up share capital 1 1
Share premium account 705,000 305,000
Income Statement (650,676 ) (300,300 )
SHAREHOLDERS' FUNDS 54,325 4,701
Page 1
Page 2
For the year ending 31 January 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 Income Statement.
On behalf of the board
K L Taylor
Director
05/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Parent Cloud Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11797795 . The registered office is 28 Lower Green Road, Esher, Surrey, KT10 8HD.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. 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:
Plant & Machinery 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
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4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 February 2023 24,813
Additions 7,524
As at 31 January 2024 32,337
Amortisation
As at 1 February 2023 5,326
Impairment losses 6,673
As at 31 January 2024 11,999
Net Book Value
As at 31 January 2024 20,338
As at 1 February 2023 19,487
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2023 3,255
Additions 2,150
As at 31 January 2024 5,405
Depreciation
As at 1 February 2023 904
Provided during the period 1,509
As at 31 January 2024 2,413
Net Book Value
As at 31 January 2024 2,992
As at 1 February 2023 2,351
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,196 21,744
Other debtors 477 2,819
10,673 24,563
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,134 21,959
Other creditors 125,555 72,128
Taxation and social security 22,616 28,253
171,305 122,340
Page 5