Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-31true2023-02-01falseNo description of principal activity63falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12436303 2023-02-01 2024-01-31 12436303 2022-02-01 2023-01-31 12436303 2024-01-31 12436303 2023-01-31 12436303 c:Director1 2023-02-01 2024-01-31 12436303 d:PlantMachinery 2023-02-01 2024-01-31 12436303 d:PlantMachinery 2024-01-31 12436303 d:PlantMachinery 2023-01-31 12436303 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12436303 d:FurnitureFittings 2023-02-01 2024-01-31 12436303 d:FurnitureFittings 2024-01-31 12436303 d:FurnitureFittings 2023-01-31 12436303 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12436303 d:OfficeEquipment 2023-02-01 2024-01-31 12436303 d:OfficeEquipment 2024-01-31 12436303 d:OfficeEquipment 2023-01-31 12436303 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12436303 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12436303 d:CurrentFinancialInstruments 2024-01-31 12436303 d:CurrentFinancialInstruments 2023-01-31 12436303 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12436303 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12436303 d:ShareCapital 2024-01-31 12436303 d:ShareCapital 2023-01-31 12436303 d:RetainedEarningsAccumulatedLosses 2024-01-31 12436303 d:RetainedEarningsAccumulatedLosses 2023-01-31 12436303 c:OrdinaryShareClass1 2023-02-01 2024-01-31 12436303 c:OrdinaryShareClass1 2024-01-31 12436303 c:OrdinaryShareClass1 2023-01-31 12436303 c:FRS102 2023-02-01 2024-01-31 12436303 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12436303 c:FullAccounts 2023-02-01 2024-01-31 12436303 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12436303 2 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12436303










CLOUDIGNYTE LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CLOUDIGNYTE LIMITED
REGISTERED NUMBER: 12436303

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,949
2,420

  
13,949
2,420

Current assets
  

Debtors: amounts falling due within one year
 5 
878,805
640,002

Cash at bank and in hand
 6 
291,349
121,466

  
1,170,154
761,468

Creditors: amounts falling due within one year
 7 
(486,194)
(420,343)

Net current assets
  
 
 
683,960
 
 
341,125

Total assets less current liabilities
  
697,909
343,545

  

Net assets
  
697,909
343,545


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
697,759
343,395

  
697,909
343,545


Page 1

 
CLOUDIGNYTE LIMITED
REGISTERED NUMBER: 12436303
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2024.




T F Farrow
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CLOUDIGNYTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cloudignyte Ltd is a private company, limited by shares, incorporated in England and Wales, registered number 12436303. The registered office is Jubilee Houes Third Avenue, Globe Park, Marlow, SL7 1EY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CLOUDIGNYTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
50%
Fixtures and fittings
-
33.33%
Office equipment
-
33.33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
CLOUDIGNYTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 3).

Page 5

 
CLOUDIGNYTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
1,947
162
2,008
4,117


Additions
3,331
-
11,476
14,807



At 31 January 2024

5,278
162
13,484
18,924



Depreciation


At 1 February 2023
974
54
669
1,697


Charge for the year on owned assets
1,571
54
1,653
3,278



At 31 January 2024

2,545
108
2,322
4,975



Net book value



At 31 January 2024
2,733
54
11,162
13,949



At 31 January 2023
973
108
1,339
2,420


5.


Debtors

2024
2023
£
£


Trade debtors
874,980
637,455

Prepayments and accrued income
3,825
2,547

878,805
640,002



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
291,349
121,466

291,349
121,466


Page 6

 
CLOUDIGNYTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
27,500
37,048

Trade creditors
261,867
272,861

Corporation tax
111,693
58,310

Other taxation and social security
76,601
51,837

Other creditors
6,533
287

Accruals and deferred income
2,000
-

486,194
420,343



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



150 (2023 - 150) Ordinary shares of £1.00 each
150
150


 
Page 7