Registered number
08338215
CLOUDONE CONSULTANCY SERVICES LTD
Filleted Accounts
31 December 2023
CLOUDONE CONSULTANCY SERVICES LTD
Registered number: 08338215
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,000 14,262
Current assets
Debtors 4 63,648 151,281
Cash at bank and in hand 2,089 29,296
65,737 180,577
Creditors: amounts falling due within one year 5 (86,075) (220,895)
Net current liabilities (20,338) (40,318)
Total assets less current liabilities (9,338) (26,056)
Creditors: amounts falling due after more than one year 6 (54,663) (13,210)
Net liabilities (64,001) (39,266)
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (114,001) (89,266)
Shareholders' funds (64,001) (39,266)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V K Navuluri
Director
Approved by the board on 20 November 2024
CLOUDONE CONSULTANCY SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% per annum
Motor vehicle 10% per annum
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 32,397 14,119 46,516
At 31 December 2023 32,397 14,119 46,516
Depreciation
At 1 January 2023 24,997 7,257 32,254
Charge for the year 1,850 1,412 3,262
At 31 December 2023 26,847 8,669 35,516
Net book value
At 31 December 2023 5,550 5,450 11,000
At 31 December 2022 7,400 6,862 14,262
4 Debtors 2023 2022
£ £
Other debtors 63,648 151,281
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,968 37,423
Taxation and social security costs 25,488 51,483
Other creditors 55,619 131,989
86,075 220,895
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 54,663 13,210
7 Other information
CLOUDONE CONSULTANCY SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
37 Hibbert Avenue
Watford
England
WD24 4HB
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