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REGISTERED NUMBER: 11436779 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Cloud Concepts Accounting Ltd

Cloud Concepts Accounting Ltd (Registered number: 11436779)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cloud Concepts Accounting Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTOR: Mr M Horton-Parsons





SECRETARY: Mrs S M Horton-Parsons





REGISTERED OFFICE: Station View House
41 Brunswick Road
Shoreham-By-Sea
West Sussex
BN43 5WA





REGISTERED NUMBER: 11436779 (England and Wales)





ACCOUNTANTS: Cloud Concepts Accounting Ltd
Station View House
41 Brunswick Road
Shoreham By Sea
West Sussex
BN43 5WA

Cloud Concepts Accounting Ltd (Registered number: 11436779)

Balance Sheet
30th June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,417 10,317
8,417 10,317

CURRENT ASSETS
Debtors 6 11,106 13,643
Cash at bank 67,974 23,417
79,080 37,060
CREDITORS
Amounts falling due within one year 7 (55,579 ) (30,043 )
NET CURRENT ASSETS 23,501 7,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,918

17,334

CREDITORS
Amounts falling due after more than one
year

8

(5,381

)

(9,848

)

PROVISIONS FOR LIABILITIES 9 (2,044 ) (1,960 )
NET ASSETS 24,493 5,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,393 5,426
SHAREHOLDERS' FUNDS 24,493 5,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cloud Concepts Accounting Ltd (Registered number: 11436779)

Balance Sheet - continued
30th June 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th February 2025 and were signed by:





Mr M Horton-Parsons - Director


Cloud Concepts Accounting Ltd (Registered number: 11436779)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Cloud Concepts Accounting 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Cloud Concepts Accounting Ltd (Registered number: 11436779)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 22,225
AMORTISATION
At 1st July 2023
and 30th June 2024 22,225
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 22,495
Additions 2,768
Disposals (2,484 )
At 30th June 2024 22,779
DEPRECIATION
At 1st July 2023 12,178
Charge for year 4,465
Eliminated on disposal (2,281 )
At 30th June 2024 14,362
NET BOOK VALUE
At 30th June 2024 8,417
At 30th June 2023 10,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,106 13,643

Cloud Concepts Accounting Ltd (Registered number: 11436779)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,680 5,529
Trade creditors 7,972 1,311
Taxation and social security 34,480 17,965
Other creditors 6,447 5,238
55,579 30,043

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,381 9,848

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,044 1,960

Deferred
tax
£   
Balance at 1st July 2023 1,960
Capital allowances in advance 84
of depreciation
Balance at 30th June 2024 2,044

10. RELATED PARTY DISCLOSURES

During the year the company paid £19,125 (2023: £33,050) for admin & bookkeeping services to SMHP Consultancy Ltd, a company of which a close family member of Mr Horton-Parsons is a director and shareholder.