1 July 2023 false No description of principal activity Taxfiler 2024.5 07290173business:PrivateLimitedCompanyLtd2023-07-012024-06-30 072901732023-06-30 072901732023-07-012024-06-30 07290173business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 07290173business:FilletedAccounts2023-07-012024-06-30 072901732024-06-30 07290173business:Director12023-07-012024-06-30 07290173business:Director22023-07-012024-06-30 07290173business:RegisteredOffice2023-07-012024-06-30 072901732023-06-30 07290173core:WithinOneYear2024-06-30 07290173core:WithinOneYear2023-06-30 07290173core:AfterOneYear2024-06-30 07290173core:AfterOneYear2023-06-30 07290173core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 07290173core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 07290173core:SharePremiumcore:PreviouslyStatedAmount2024-06-30 07290173core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 07290173core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 07290173core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 07290173core:PreviouslyStatedAmount2024-06-30 07290173core:PreviouslyStatedAmount2023-06-30 07290173business:SmallEntities2023-07-012024-06-30 07290173countries:EnglandWales2023-07-012024-06-30 07290173core:ComputerEquipment2023-06-30 07290173core:ComputerEquipment2023-07-012024-06-30 07290173core:ComputerEquipment2024-06-30 072901732022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 07290173 (England and Wales)
THE MONEY CLOUD LTD Unaudited accounts for the year ended 30 June 2024
THE MONEY CLOUD LTD Unaudited accounts Contents
Page
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THE MONEY CLOUD LTD Company Information for the year ended 30 June 2024
Directors
Emmanuel Tetteh Addy Huw David Jenkins
Company Number
07290173 (England and Wales)
Registered Office
25 BEDFORD SQUARE LONDON WC1B 3HH ENGLAND
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THE MONEY CLOUD LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,219 
13,448 
Current assets
Debtors
1,489 
8,031 
Cash at bank and in hand
59 
(4,889)
1,548 
3,142 
Creditors: amounts falling due within one year
(496,448)
(422,018)
Net current liabilities
(494,900)
(418,876)
Total assets less current liabilities
(483,681)
(405,428)
Creditors: amounts falling due after more than one year
(32,844)
(108,662)
Net liabilities
(516,525)
(514,090)
Capital and reserves
Called up share capital
206 
204 
Share premium
969,357 
926,635 
Profit and loss account
(1,486,088)
(1,440,929)
Shareholders' funds
(516,525)
(514,090)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
Huw David Jenkins Director Company Registration No. 07290173
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THE MONEY CLOUD LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
THE MONEY CLOUD LTD is a private company, limited by shares, registered in England and Wales, registration number 07290173. The registered office is 25 BEDFORD SQUARE, LONDON, WC1B 3HH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
234,687 
Additions
7,168 
At 30 June 2024
241,855 
Depreciation
At 1 July 2023
221,239 
Charge for the year
9,397 
At 30 June 2024
230,636 
Net book value
At 30 June 2024
11,219 
At 30 June 2023
13,448 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,489 
1,519 
Other debtors
- 
6,512 
1,489 
8,031 
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THE MONEY CLOUD LTD Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
119,987 
Taxes and social security
13 
102,857 
Other creditors
9,940 
52,108 
Loans from directors
485,653 
144,316 
Accruals
842 
2,750 
496,448 
422,018 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
32,844 
108,662 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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