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REGISTERED NUMBER: 09763789 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cloud Consulting (Europe) Ltd

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cloud Consulting (Europe) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R G Hobbs
Mrs L J Hobbs





REGISTERED OFFICE: B1 Vantage Park
Old Gloucester Road
Hambrook
Bristol
BS16 1GW





REGISTERED NUMBER: 09763789 (England and Wales)





ACCOUNTANTS: Northcott Accountancy Limited
Chartered Accountants
134 Johnson Road
Bristol
BS16 7JP

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,114 5,461

CURRENT ASSETS
Debtors 5 585,155 736,809
Cash at bank 677,718 846,076
1,262,873 1,582,885
CREDITORS
Amounts falling due within one year 6 (646,650 ) (944,084 )
NET CURRENT ASSETS 616,223 638,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,337

644,262

CREDITORS
Amounts falling due after more than one
year

7

(30,069

)

(35,452

)
NET ASSETS 589,268 608,810

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 589,168 608,710
SHAREHOLDERS' FUNDS 589,268 608,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





R G Hobbs - Director


Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Cloud Consulting (Europe) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principle accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are dereognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the assets has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditor and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when and only when the company's contractual obligations are discharged, cancelled or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,951 14,639 17,590
Additions 1,177 458 1,635
At 31 March 2024 4,128 15,097 19,225
DEPRECIATION
At 1 April 2023 1,454 10,675 12,129
Charge for year 668 3,314 3,982
At 31 March 2024 2,122 13,989 16,111
NET BOOK VALUE
At 31 March 2024 2,006 1,108 3,114
At 31 March 2023 1,497 3,964 5,461

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 543,694 732,324
Other debtors - 4,485
Directors' current accounts 41,461 -
585,155 736,809

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,386 5,253
Trade creditors 468,486 758,683
Corporation Tax 133,267 134,204
VAT 36,211 37,538
Other creditors - 98
Directors' current accounts - 70
Accrued expenses 3,300 8,238
646,650 944,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,522 5,386
Bank loans - 2-5 years 17,417 16,988
Bank loans more than 5 years
repayable by instalments 7,130 13,078
30,069 35,452

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
repayable by instalments 7,130 13,078
7,130 13,078

Cloud Consulting (Europe) Ltd (Registered number: 09763789)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
52 A Ordinary £1 52 52
24 B Ordinary £1 24 24
24 C Ordinary £1 24 24
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs L J Hobbs
Balance outstanding at start of year (2 ) (119 )
Amounts advanced 85,002 86,317
Amounts repaid (85,000 ) (86,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2 )

R G Hobbs
Balance outstanding at start of year (68 ) (82 )
Amounts advanced 188,020 193,615
Amounts repaid (146,491 ) (193,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,461 (68 )

Loans to the directors have no fixed repayment terms and are repayable on demand. Interest is charged on overdrawn balances at the HMRC official rate.