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Company Registration No. 12813004 (England and Wales)
CloudGuard Ltd Unaudited accounts for the year ended 31 August 2024
CloudGuard Ltd Unaudited accounts Contents
Page
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CloudGuard Ltd Company Information for the year ended 31 August 2024
Directors
Javid Iqbal Khan Matt Lovell
Company Number
12813004 (England and Wales)
Registered Office
Space Woking One, Albion House High Street, Woking One, Unit 6 Woking Surrey GU21 6BG United Kingdom
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of CloudGuard Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CloudGuard Ltd for the year ended 31 August 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of CloudGuard Ltd, as a body, in accordance with the terms of our engagement letter dated 4 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of CloudGuard Ltd and state those matters that we have agreed to state to the Board of Directors of CloudGuard Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CloudGuard Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CloudGuard Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CloudGuard Ltd. You consider that CloudGuard Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CloudGuard Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott Chartered Accountants 86-90 Paul Street London EC2A 4NE 29 May 2025
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CloudGuard Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,132 
21,025 
Current assets
Debtors
491,811 
281,586 
Cash at bank and in hand
87,519 
144,807 
579,330 
426,393 
Creditors: amounts falling due within one year
(1,171,231)
(486,291)
Net current liabilities
(591,901)
(59,898)
Net liabilities
(572,769)
(38,873)
Capital and reserves
Called up share capital
1 
1 
Share premium
1,324,798 
899,865 
Profit and loss account
(1,897,568)
(938,739)
Shareholders' funds
(572,769)
(38,873)
For the year ending 31 August 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 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 of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
Matt Lovell Director Company Registration No. 12813004
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CloudGuard Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
CloudGuard Ltd is a private company, limited by shares, registered in England and Wales, registration number 12813004. The registered office is Space Woking One, Albion House, High Street, Woking One, Unit 6, Woking, Surrey, GU21 6BG, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% Reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Going concern
Thee directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
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CloudGuard Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
29,445 
Additions
3,956 
At 31 August 2024
33,401 
Depreciation
At 1 September 2023
8,420 
Charge for the year
5,849 
At 31 August 2024
14,269 
Net book value
At 31 August 2024
19,132 
At 31 August 2023
21,025 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,209 
Trade debtors
144,728 
50,919 
Accrued income and prepayments
42,146 
25,355 
Other debtors
304,937 
197,103 
491,811 
281,586 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
28,893 
- 
Trade creditors
12,287 
7,427 
Taxes and social security
33,355 
30,759 
Other creditors
7,937 
5,708 
Loans from directors
985,433 
431,337 
Accruals
22,417 
- 
Deferred income
80,909 
11,060 
1,171,231 
486,291 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
122,098 Ordinary shares of £0.00001 each
1.22 
1.15 
Shares issued during the period:
7,088 Ordinary shares of £0.00001 each
0.07 
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CloudGuard Ltd Notes to the Accounts for the year ended 31 August 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,600 
21,730 
Later than one year and not later than five years
22,400 
- 
56,000 
21,730 
9
Loans to directors
At year end, an amount of £985,433 (2023: £368,999) was owed to the directors of the company.
10
Average number of employees
During the year the average number of employees was 17 (2023: 12).
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