Registered number
11884463
Cloud and Horse Production Limited
Filleted Accounts
31 March 2024
Cloud and Horse Production Limited
Registered number: 11884463
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 15,203 15,203
Tangible assets 5 51,062 28,489
66,265 43,692
Current assets
Stocks 16,651 12,340
Debtors 6 99,678 112,670
Cash at bank and in hand 97,149 82,348
213,478 207,358
Creditors: amounts falling due within one year 7 (221,336) (192,988)
Net current assets (7,858) 14,370
Total assets less current liabilities 58,407 58,062
Creditors: amounts falling due after more than one year 8 (19,820) (30,000)
Net assets 38,587 28,062
Capital and reserves
Called up share capital 50 100
Profit and loss account 38,537 27,962
Shareholders' funds 38,587 28,062
The directors are 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 directors acknowledge their 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.
Sean Wild
Director
Approved by the board on 12 November 2024
Cloud and Horse Production Limited
Notes to the Accounts
for the year ended 31 March 2024
2 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 equipment over 4 years
Motor vehicles over 4 years
Fixtures and fittings over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 4
4 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 15,203
At 31 March 2024 15,203
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 15,203
At 31 March 2023 15,203
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Plant and equipment Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 15,712 7,286 46,894 69,892
Additions 48,760 - - 48,760
At 31 March 2024 64,472 7,286 46,894 118,652
Depreciation
At 1 April 2023 11,738 1,472 28,193 41,403
Charge for the year 12,759 911 12,517 26,187
At 31 March 2024 24,497 2,383 40,710 67,590
Net book value
At 31 March 2024 39,975 4,903 6,184 51,062
At 31 March 2023 3,974 5,814 18,701 28,489
6 Debtors 2024 2023
£ £
Trade debtors 54,208 91,065
Other debtors 45,470 21,605
99,678 112,670
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,723 6,723
Trade creditors 126,161 94,836
Taxation and social security costs 86,001 84,124
Other creditors 2,451 7,305
221,336 192,988
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,820 30,000
9 Other information
Cloud and Horse Production Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Delta Wharf
271-287 Tunnel Avenue
London
SE10 0QE
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