Acorah Software Products - Accounts Production 16.1.300 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13158083 Mr J F Corbett Mr G T Corbett Mr P Lever Mr P A Marsden G Ulrich iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13158083 2024-01-31 13158083 2025-01-31 13158083 2024-02-01 2025-01-31 13158083 frs-core:CurrentFinancialInstruments 2025-01-31 13158083 frs-core:ComputerEquipment 2025-01-31 13158083 frs-core:ComputerEquipment 2024-02-01 2025-01-31 13158083 frs-core:ComputerEquipment 2024-01-31 13158083 frs-core:FurnitureFittings 2025-01-31 13158083 frs-core:FurnitureFittings 2024-02-01 2025-01-31 13158083 frs-core:FurnitureFittings 2024-01-31 13158083 frs-core:SharePremium 2025-01-31 13158083 frs-core:ShareCapital 2025-01-31 13158083 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13158083 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13158083 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13158083 frs-bus:SmallEntities 2024-02-01 2025-01-31 13158083 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13158083 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13158083 frs-bus:Director1 2024-02-01 2025-01-31 13158083 frs-bus:Director1 2024-01-31 13158083 frs-bus:Director1 2025-01-31 13158083 frs-bus:Director2 2024-02-01 2025-01-31 13158083 frs-bus:Director3 2024-02-01 2025-01-31 13158083 frs-bus:Director4 2024-02-01 2025-01-31 13158083 frs-bus:Director5 2024-02-01 2025-01-31 13158083 frs-core:CurrentFinancialInstruments 1 2025-01-31 13158083 frs-countries:EnglandWales 2024-02-01 2025-01-31 13158083 2023-01-31 13158083 2024-01-31 13158083 2023-02-01 2024-01-31 13158083 frs-core:CurrentFinancialInstruments 2024-01-31 13158083 frs-core:SharePremium 2024-01-31 13158083 frs-core:ShareCapital 2024-01-31 13158083 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13158083 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 13158083
Cloudshelf Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13158083
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50 2,213
50 2,213
CURRENT ASSETS
Debtors 5 64,654 46,658
Cash at bank and in hand 7,424 79,506
72,078 126,164
Creditors: Amounts Falling Due Within One Year 6 (116,029 ) (105,292 )
NET CURRENT ASSETS (LIABILITIES) (43,951 ) 20,872
TOTAL ASSETS LESS CURRENT LIABILITIES (43,901 ) 23,085
NET (LIABILITIES)/ASSETS (43,901 ) 23,085
CAPITAL AND RESERVES
Called up share capital 7 15,213 14,689
Share premium account 974,705 860,230
Profit and Loss Account (1,033,819 ) (851,834 )
SHAREHOLDERS' FUNDS (43,901) 23,085
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For the year ending 31 January 2025 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
Mr G T Corbett
Director
24 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
Cloudshelf Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13158083 . The registered office is 36-38 Cornhill, London, EC3V 3NG.
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. Going Concern Disclosure
The directors have carried out an assessment of the going concern position of the Company, including consideration of the company's net liability position. The directors have concluded that they have a reasonable expectation that the Company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
2.3. 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 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.
2.4. 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% straight line
Computer Equipment 33.3% straight line
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. 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: 3 (2024: 4)
3 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 1,362 8,970 10,332
As at 31 January 2025 1,362 8,970 10,332
Depreciation
As at 1 February 2024 1,362 6,757 8,119
Provided during the period - 2,163 2,163
As at 31 January 2025 1,362 8,920 10,282
Net Book Value
As at 31 January 2025 - 50 50
As at 1 February 2024 - 2,213 2,213
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,020 804
Prepayments and accrued income 780 3,943
Other debtors 15,000 -
Corporation tax recoverable assets 42,763 41,875
VAT - 36
Directors' loan accounts 91 -
64,654 46,658
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,138 7,924
Other taxes and social security 26,135 15,935
VAT 473 -
Other creditors 842 635
Advanced share subscription 75,000 70,000
Accruals and deferred income 11,441 10,798
116,029 105,292
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 15,213 14,689
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Giles Trewartha Corbett - 91 - - 91
The above loan is unsecured, interest free and repayable on demand.
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