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REGISTERED NUMBER: 09083112 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

Cloud Centres Ltd

Cloud Centres Ltd (Registered number: 09083112)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cloud Centres Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S C Bevan
P Webb





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 09083112 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Cloud Centres Ltd (Registered number: 09083112)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 115,437 4,487

CURRENT ASSETS
Debtors 6 819,023 322,958
Cash at bank and in hand 213,078 449,285
1,032,101 772,243
CREDITORS
Amounts falling due within one year 7 (681,117 ) (477,439 )
NET CURRENT ASSETS 350,984 294,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,421

299,291

CREDITORS
Amounts falling due after more than one
year

8

(315,937

)

(183,823

)
NET ASSETS 150,484 115,468

CAPITAL AND RESERVES
Called up share capital 925 1,000
Capital redemption reserve 75 -
Retained earnings 149,484 114,468
SHAREHOLDERS' FUNDS 150,484 115,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Cloud Centres Ltd (Registered number: 09083112)

Statement of Financial Position - continued
30 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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





P Webb - Director


Cloud Centres Ltd (Registered number: 09083112)

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

1. STATUTORY INFORMATION

Cloud Centres 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 33% on cost and 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cloud Centres Ltd (Registered number: 09083112)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
Cost
At 1 July 2023 6,886
Additions 126,589
At 30 June 2024 133,475
Depreciation
At 1 July 2023 2,399
Charge for year 15,639
At 30 June 2024 18,038
Net book value
At 30 June 2024 115,437
At 30 June 2023 4,487

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Computer
equipment
£   
Cost
Additions 117,196
At 30 June 2024 117,196
Depreciation
Charge for year 11,720
At 30 June 2024 11,720
Net book value
At 30 June 2024 105,476

Cloud Centres Ltd (Registered number: 09083112)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 50,755 6,815
Other debtors 222,141 111,879
Directors' current accounts 958 29,918
Prepayments and accrued income 360,621 -
Deferred contract costs 184,548 174,346
819,023 322,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 125,926 58,043
Other loans 39,065 -
Trade creditors 197,822 184,799
Tax 25,799 14,388
Social security and other taxes 4,829 8,062
VAT 40,852 38,243
Other creditors and accruals 3,198 2,316
Deferred income 243,626 171,588
681,117 477,439

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans - 1-2 years 114,138 63,237
Bank loans - 2-5 years 157,048 120,586
Other loans - 1-2 years 44,751 -
315,937 183,823

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/6/24 30/6/23
£    £   
Within one year 18,536 18,536
Between one and five years 14,773 33,309
33,309 51,845

10. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank loans 397,112 241,866

The bank loans are secured by fixed and floating charges over the assets of the company.

Cloud Centres Ltd (Registered number: 09083112)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£    £   
S C Bevan
Balance outstanding at start of year 15,581 -
Amounts advanced 449 15,581
Amounts repaid (15,581 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 449 15,581

P Webb
Balance outstanding at start of year 14,337 -
Amounts advanced 509 14,337
Amounts repaid (14,337 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 509 14,337