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Registered number: 01820418
Cloudscale Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01820418
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3 460
3 460
CURRENT ASSETS
Stocks 6 2,250 1,500
Debtors 7 38,519 47,573
Cash at bank and in hand 9,071 4,480
49,840 53,553
Creditors: Amounts Falling Due Within One Year 8 (80,488 ) (68,312 )
NET CURRENT ASSETS (LIABILITIES) (30,648 ) (14,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES (30,645 ) (14,299 )
NET LIABILITIES (30,645 ) (14,299 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (30,647 ) (14,301 )
SHAREHOLDERS' FUNDS (30,645) (14,299)
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For the year ending 30 June 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 E Holland
Director
19th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cloudscale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01820418 . The registered office is 139 Watling Street, Gillingham, Kent, ME7 2YY.
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. This basis may not be appropriate because the company had, at 30th June 2024, net liabilities of £30,645 ( 2023: £14,298). The validity of the going concern basis is dependent upon continued support of the company's directors and ordinary creditors.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Leasehold Over the life of the lease
Plant & Machinery 15% on cost
Fixtures & Fittings 15% on cost
Computer Equipment 20% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
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2.7. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2.8. Debtors
 Short term debtors are measured at transaction price, less any impairment.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial instruments.
2.10. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 35,000
As at 30 June 2024 35,000
Amortisation
As at 1 July 2023 35,000
As at 30 June 2024 35,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 42,451 33,291 36,174 7,820 119,736
As at 30 June 2024 42,451 33,291 36,174 7,820 119,736
Depreciation
As at 1 July 2023 42,451 33,291 35,714 7,820 119,276
Provided during the period - - 457 - 457
As at 30 June 2024 42,451 33,291 36,171 7,820 119,733
Net Book Value
As at 30 June 2024 - - 3 - 3
As at 1 July 2023 - - 460 - 460
6. Stocks
2024 2023
£ £
Stock 2,250 1,500
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 38,519 47,573
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,368 897
Bank loans and overdrafts 39,920 44,844
Other creditors 30,200 22,564
Taxation and social security - 7
80,488 68,312
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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