Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3032022-12-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3truefalseNo description of principal activity 10025621 2022-12-01 2023-11-30 10025621 2023-11-30 10025621 2021-12-01 2022-11-30 10025621 2022-11-30 10025621 c:Director1 2022-12-01 2023-11-30 10025621 c:Director2 2022-12-01 2023-11-30 10025621 c:Director3 2022-12-01 2023-11-30 10025621 c:RegisteredOffice 2022-12-01 2023-11-30 10025621 d:CurrentFinancialInstruments 2023-11-30 10025621 d:CurrentFinancialInstruments 2022-11-30 10025621 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10025621 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10025621 d:ShareCapital 2023-11-30 10025621 d:ShareCapital 2022-11-30 10025621 d:RetainedEarningsAccumulatedLosses 2023-11-30 10025621 d:RetainedEarningsAccumulatedLosses 2022-11-30 10025621 c:FRS102 2022-12-01 2023-11-30 10025621 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10025621 c:FullAccounts 2022-12-01 2023-11-30 10025621 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10025621 6 2022-12-01 2023-11-30 10025621 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 10025621







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


STONECLOUD IT LIMITED






































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STONECLOUD IT LIMITED
 


 
COMPANY INFORMATION


Directors
N P Beckett 
J Boult 
A Questa 




Registered number
10025621



Registered office
Suite A, 1st Floor
Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


STONECLOUD IT LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


STONECLOUD IT LIMITED
REGISTERED NUMBER:10025621



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
22,500
22,500

  
22,500
22,500

Current assets
  

Debtors: amounts falling due within one year
  
16,569
-

Cash at bank and in hand
  
5,778,659
6,064,800

  
5,795,228
6,064,800

Creditors: amounts falling due within one year
 6 
(12,876)
(30,813)

Net current assets
  
 
 
5,782,352
 
 
6,033,987

Total assets less current liabilities
  
5,804,852
6,056,487

  

Net assets
  
5,804,852
6,056,487


Capital and reserves
  

Called up share capital 
  
22,500
22,500

Profit and loss account
  
5,782,352
6,033,987

  
5,804,852
6,056,487


Page 1

 


STONECLOUD IT LIMITED
REGISTERED NUMBER:10025621


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

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 by: 




................................................
A Questa
Director

Date: 30 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


STONECLOUD IT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


Company information

Stonecloud IT Limited is a private limited company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the registered office is given on the company information page. 

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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 3

 


STONECLOUD IT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

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 3 (2022 -3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
22,500



At 30 November 2023
22,500





5.


Debtors

2023
2022
£
£


Other debtors
16,569
-

16,569
-


Page 4

 


STONECLOUD IT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
12,876
-

Corporation tax
-
30,813

12,876
30,813


 
Page 5