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REGISTERED NUMBER: 10958740 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Carbon Cloud Ltd

Carbon Cloud Ltd (Registered number: 10958740)






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


Carbon Cloud Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T Rumsey
W R Emerson
T Dunn





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 10958740 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Carbon Cloud Ltd (Registered number: 10958740)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,690 4,713

CURRENT ASSETS
Debtors 5 152,113 115,438
Cash at bank 70,802 24,867
222,915 140,305
CREDITORS
Amounts falling due within one year 6 195,914 86,975
NET CURRENT ASSETS 27,001 53,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,691

58,043

CREDITORS
Amounts falling due after more than one
year

7

(29,564

)

(48,215

)

PROVISIONS FOR LIABILITIES 8 (403 ) (533 )
NET ASSETS 724 9,295

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 622 9,193
SHAREHOLDERS' FUNDS 724 9,295

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 directors acknowledge their 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.

Carbon Cloud Ltd (Registered number: 10958740)

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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




T Rumsey - Director W R Emerson - Director




T Dunn - Director


Carbon Cloud Ltd (Registered number: 10958740)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

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

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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instrument
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The functional currency used by the company is £ Sterling.

Carbon Cloud Ltd (Registered number: 10958740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,378 13,537 15,915
Additions 208 - 208
At 31 December 2023 2,586 13,537 16,123
DEPRECIATION
At 1 January 2023 1,731 9,471 11,202
Charge for year 214 1,017 1,231
At 31 December 2023 1,945 10,488 12,433
NET BOOK VALUE
At 31 December 2023 641 3,049 3,690
At 31 December 2022 647 4,066 4,713

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 67,381 115,093
Other debtors 345 345
67,726 115,438

Amounts falling due after more than one year:
Directors' loan accounts 84,387 -

Aggregate amounts 152,113 115,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,800 5,700
Trade creditors 6,057 -
Tax 34,526 38,695
Social security and other taxes 7,630 2,769
VAT 16,648 38,211
Deferred income 123,528 -
Accrued expenses 1,725 1,600
195,914 86,975

Carbon Cloud Ltd (Registered number: 10958740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,564 35,196
Directors' loan accounts - 13,019
29,564 48,215

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 403 533

Deferred
tax
£   
Balance at 1 January 2023 533
Provided during year (130 )
Balance at 31 December 2023 403

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary £1 102 102

10. RESERVES
Retained
earnings
£   

At 1 January 2023 9,193
Profit for the year 55,429
Dividends (64,000 )
At 31 December 2023 622

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own the majority of the shares.