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IN THE CLOUD ACCOUNTANCY LIMITED

Registered Number
07282380
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

IN THE CLOUD ACCOUNTANCY LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

EAGLESON, Alex

Company Secretary

EAGLESON, Alex

Registered Address

63/66 Hatton Garden Fifth Floor, Suite 23
London
EC1N 8LE

Registered Number

07282380 (England and Wales)
IN THE CLOUD ACCOUNTANCY LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,037595
2,037595
Current assets
Debtors15,81112,321
Cash at bank and on hand11,4929,160
27,30321,481
Creditors amounts falling due within one year4(20,518)(20,314)
Net current assets (liabilities)6,7851,167
Total assets less current liabilities8,8221,762
Creditors amounts falling due after one year5(5,750)(8,750)
Net assets3,072(6,988)
Capital and reserves
Called up share capital100100
Profit and loss account2,972(7,088)
Shareholders' funds3,072(6,988)
The financial statements were approved and authorised for issue by the Director on 2 December 2024, and are signed on its behalf by:
EAGLESON, Alex
Director
Registered Company No. 07282380
IN THE CLOUD ACCOUNTANCY LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 235,7045,704
Additions2,1012,101
At 30 June 247,8057,805
Depreciation and impairment
At 01 July 235,1095,109
Charge for year659659
At 30 June 245,7685,768
Net book value
At 30 June 242,0372,037
At 30 June 23595595
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,348965
Taxation and social security12,92012,124
Accrued liabilities and deferred income6,2507,225
Total20,51820,314
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,7508,750
Total5,7508,750