Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12101848 Mr Jizhou Yu Mrs Mengtao Yu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12101848 2023-07-31 12101848 2024-07-31 12101848 2023-08-01 2024-07-31 12101848 frs-core:CurrentFinancialInstruments 2024-07-31 12101848 frs-core:Non-currentFinancialInstruments 2024-07-31 12101848 frs-core:ComputerEquipment 2024-07-31 12101848 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12101848 frs-core:ComputerEquipment 2023-07-31 12101848 frs-core:FurnitureFittings 2024-07-31 12101848 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12101848 frs-core:FurnitureFittings 2023-07-31 12101848 frs-core:ShareCapital 2024-07-31 12101848 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12101848 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12101848 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12101848 frs-bus:SmallEntities 2023-08-01 2024-07-31 12101848 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12101848 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12101848 frs-bus:Director1 2023-08-01 2024-07-31 12101848 frs-bus:Director1 2023-07-31 12101848 frs-bus:Director1 2024-07-31 12101848 frs-bus:Director2 2023-08-01 2024-07-31 12101848 frs-countries:EnglandWales 2023-08-01 2024-07-31 12101848 2022-07-31 12101848 2023-07-31 12101848 2022-08-01 2023-07-31 12101848 frs-core:CurrentFinancialInstruments 2023-07-31 12101848 frs-core:Non-currentFinancialInstruments 2023-07-31 12101848 frs-core:ShareCapital 2023-07-31 12101848 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12101848
Dream Cloud Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
TaxAssist Accountants
TaxAssist Accountants
1 Sundorne Avenue
Shrewsbury
Shropshire
SY1 4JW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12101848
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,449 668
1,449 668
CURRENT ASSETS
Debtors 5 23,689 12,343
Cash at bank and in hand 33,071 25,414
56,760 37,757
Creditors: Amounts Falling Due Within One Year 6 (45,494 ) (24,723 )
NET CURRENT ASSETS (LIABILITIES) 11,266 13,034
TOTAL ASSETS LESS CURRENT LIABILITIES 12,715 13,702
NET ASSETS 12,715 13,702
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 12,713 13,700
SHAREHOLDERS' FUNDS 12,715 13,702
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Mengtao Yu
Director
6th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dream Cloud Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12101848 . The registered office is 1 Hallam Drive, Shrewsbury, SY1 4YE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% SLM
Computer Equipment 25% SLM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 332 1,850 2,182
Additions - 1,772 1,772
As at 31 July 2024 332 3,622 3,954
Depreciation
As at 1 August 2023 247 1,267 1,514
Provided during the period 85 906 991
As at 31 July 2024 332 2,173 2,505
...CONTINUED
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Net Book Value
As at 31 July 2024 - 1,449 1,449
As at 1 August 2023 85 583 668
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,949 12,150
Prepayments and accrued income 193 193
Other debtors 88 -
Directors' loan accounts 7,886 -
21,116 12,343
Due after more than one year
Corporation tax recoverable assets 2,573 -
2,573 -
23,689 12,343
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 39,258 17,591
VAT 6,236 6,054
Accruals and deferred income - 298
Directors' loan accounts - 780
45,494 24,723
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mrs Mengtao Yu (780 ) - 12,813 - 12,036
The above loan is unsecured, interest free and repayable on demand.
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