Company Registration No. 9123035 (England and Wales)
Cloud Intellect Limited
Unaudited accounts
for the year ended 31 July 2024
Cloud Intellect Limited
Unaudited accounts
Contents
Cloud Intellect Limited
Company Information
for the year ended 31 July 2024
Company Number
9123035 (England and Wales)
Registered Office
Unit 16 Eckland Lodge Business Park
Desborough Road
Market Harborough
Leicestershire
LE16 8HB
Accountants
The Swan Partnership LLP
47 Royal Avenue
Scarborough
North Yorkshire
YO11 2LS
Cloud Intellect Limited
Statement of financial position
as at 31 July 2024
Tangible assets
74,276
59,741
Cash at bank and in hand
27,335
33,743
Creditors: amounts falling due within one year
(36,184)
(36,240)
Net current assets
53,988
52,895
Total assets less current liabilities
128,264
115,136
Creditors: amounts falling due after more than one year
(22,750)
(5,464)
Net assets
105,514
109,672
Called up share capital
1
1
Profit and loss account
105,513
109,671
Shareholders' funds
105,514
109,672
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Howard Lynn
Director
Company Registration No. 9123035
Cloud Intellect Limited
Notes to the Accounts
for the year ended 31 July 2024
Cloud Intellect Limited is a private company, limited by shares, registered in England and Wales, registration number 9123035. The registered office is Unit 16 Eckland Lodge Business Park, Desborough Road, Market Harborough, Leicestershire, LE16 8HB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% written down value
Computer equipment
25% written down value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised on a straight line basis over 10 years.
4
Intangible fixed assets
Goodwill
Cloud Intellect Limited
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
79,232
8,649
27,781
115,662
Additions
69,099
-
-
69,099
Disposals
(52,987)
-
-
(52,987)
At 31 July 2024
95,344
8,649
27,781
131,774
At 1 August 2023
34,664
4,877
16,380
55,921
Charge for the year
20,965
943
2,850
24,758
On disposals
(23,181)
-
-
(23,181)
At 31 July 2024
32,448
5,820
19,230
57,498
At 31 July 2024
62,896
2,829
8,551
74,276
At 31 July 2023
44,568
3,772
11,401
59,741
Amounts falling due within one year
Trade debtors
59,216
54,317
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,500
12,245
Trade creditors
9,787
4,751
Taxes and social security
4,590
7,105
Loans from directors
(3,923)
(2,534)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,750
5,464
9
Average number of employees
During the year the average number of employees was 5 (2023: 3).