Company Registration No. 12813004 (England and Wales)
CloudGuard Ltd
Unaudited accounts
for the year ended 31 August 2024
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
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
CloudGuard Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
19,132
21,025
Cash at bank and in hand
87,519
144,807
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)
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
CloudGuard Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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:
Computer equipment
25% Reducing balance
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.
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.
CloudGuard Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment
At 1 September 2023
29,445
Amounts falling due within one year
Trade debtors
144,728
50,919
Accrued income and prepayments
42,146
25,355
Other debtors
304,937
197,103
6
Creditors: amounts falling due within one year
2024
2023
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
Deferred income
80,909
11,060
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
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
-
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).