Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01falseNo description of principal activity1210trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12853279 2023-10-01 2024-09-30 12853279 2022-10-01 2023-09-30 12853279 2024-09-30 12853279 2023-09-30 12853279 c:Director1 2023-10-01 2024-09-30 12853279 c:RegisteredOffice 2023-10-01 2024-09-30 12853279 d:MotorVehicles 2023-10-01 2024-09-30 12853279 d:MotorVehicles 2024-09-30 12853279 d:MotorVehicles 2023-09-30 12853279 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12853279 d:ComputerEquipment 2023-10-01 2024-09-30 12853279 d:ComputerEquipment 2024-09-30 12853279 d:ComputerEquipment 2023-09-30 12853279 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12853279 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12853279 d:CurrentFinancialInstruments 2024-09-30 12853279 d:CurrentFinancialInstruments 2023-09-30 12853279 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12853279 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12853279 d:ShareCapital 2024-09-30 12853279 d:ShareCapital 2023-09-30 12853279 d:RetainedEarningsAccumulatedLosses 2024-09-30 12853279 d:RetainedEarningsAccumulatedLosses 2023-09-30 12853279 c:OrdinaryShareClass1 2023-10-01 2024-09-30 12853279 c:OrdinaryShareClass1 2024-09-30 12853279 c:OrdinaryShareClass1 2023-09-30 12853279 c:OrdinaryShareClass2 2023-10-01 2024-09-30 12853279 c:OrdinaryShareClass2 2024-09-30 12853279 c:OrdinaryShareClass2 2023-09-30 12853279 c:OrdinaryShareClass3 2023-10-01 2024-09-30 12853279 c:OrdinaryShareClass3 2024-09-30 12853279 c:OrdinaryShareClass3 2023-09-30 12853279 c:FRS102 2023-10-01 2024-09-30 12853279 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12853279 c:FullAccounts 2023-10-01 2024-09-30 12853279 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 12853279







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


CLOUDMATTERS IT SOLUTIONS LTD






































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CLOUDMATTERS IT SOLUTIONS LTD
 


 
COMPANY INFORMATION


Director
M. P. Evans 




Registered number
12853279



Registered office
4th Floor
95 Gresham Street

London

EC2V 7AB




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


CLOUDMATTERS IT SOLUTIONS LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6

 


CLOUDMATTERS IT SOLUTIONS LTD
REGISTERED NUMBER:12853279



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,497
21,146

  
23,497
21,146

Current assets
  

Debtors: amounts falling due within one year
 5 
273,698
207,697

Cash at bank and in hand
  
476,379
398,248

  
750,077
605,945

Creditors: amounts falling due within one year
 6 
(446,659)
(356,513)

Net current assets
  
 
 
303,418
 
 
249,432

Total assets less current liabilities
  
326,915
270,578

Provisions for liabilities
  

Deferred tax
  
-
(5,149)

  
 
 
-
 
 
(5,149)

Net assets
  
326,915
265,429


Capital and reserves
  

Allotted, called up and fully paid share capital
 7 
285
285

Profit and loss account
  
326,630
265,144

  
326,915
265,429


Page 1

 


CLOUDMATTERS IT SOLUTIONS LTD
REGISTERED NUMBER:12853279


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M. P. Evans
Director

Date: 28 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


CLOUDMATTERS IT SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

CloudMatters IT Solutions Ltd is a private Company limited by shares incorporated in England. The Company's registered number and office is disclosed on the Company information page.
The trading address of the Company is:
177-178 Tottenham Court Road
London 
W1T 7NY
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents the implementation of solutions to IT software issues and the provision of consultation services. Revenue generated from IT support is recognised on the delivery of the service and to the extent that the performance expectations have been achieved and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


CLOUDMATTERS IT SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Computer equipment
-
33%

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 amount and are recognised in profit or loss.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 


CLOUDMATTERS IT SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.
 
2.8

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 10).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
13,495
12,430
25,925


Additions
-
12,881
12,881


Disposals
-
(1,726)
(1,726)



At 30 September 2024

13,495
23,585
37,080



Depreciation


At 1 October 2023
1,800
2,979
4,779


Charge for the year on owned assets
4,498
4,427
8,925


Disposals
-
(121)
(121)



At 30 September 2024

6,298
7,285
13,583



Net book value



At 30 September 2024
7,197
16,300
23,497



At 30 September 2023
11,695
9,451
21,146
Page 5

 


CLOUDMATTERS IT SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
208,273
205,031

Other debtors
17,991
2,666

Prepayments and accrued income
32,608
-

Deferred taxation
14,826
-

273,698
207,697



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
152,181
153,509

Corporation tax
90,410
81,281

Other taxation and social security
42,519
47,947

Pensions payable
88,505
1,779

Accruals and deferred income
73,044
71,997

446,659
356,513



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



20,000 (2023 - 20,000) Ordinary shares of £0.01
200
200
5,143 (2023 - 5,143) Ordinary B shares of £0.01
51
51
3,429 (2023 - 3,429) Ordinary C shares of £0.01
34
34

285

285


 
Page 6