Cloudwater Limited 05640500 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is water consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 05640500 2024-04-01 2025-03-31 05640500 2025-03-31 05640500 core:CurrentFinancialInstruments 2025-03-31 05640500 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05640500 core:FurnitureFittingsToolsEquipment 2025-03-31 05640500 core:OtherPropertyPlantEquipment 2025-03-31 05640500 bus:SmallEntities 2024-04-01 2025-03-31 05640500 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05640500 bus:FilletedAccounts 2024-04-01 2025-03-31 05640500 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05640500 bus:RegisteredOffice 2024-04-01 2025-03-31 05640500 bus:Director2 2024-04-01 2025-03-31 05640500 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05640500 core:ComputerEquipment 2024-04-01 2025-03-31 05640500 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 05640500 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 05640500 core:PlantMachinery 2024-04-01 2025-03-31 05640500 countries:EnglandWales 2024-04-01 2025-03-31 05640500 2024-03-31 05640500 core:FurnitureFittingsToolsEquipment 2024-03-31 05640500 core:OtherPropertyPlantEquipment 2024-03-31 05640500 2023-04-01 2024-03-31 05640500 2024-03-31 05640500 core:CurrentFinancialInstruments 2024-03-31 05640500 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05640500 core:FurnitureFittingsToolsEquipment 2024-03-31 05640500 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 05640500

Cloudwater Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Cloudwater Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Cloudwater Limited

(Registration number: 05640500)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,575

1,777

Current assets

 

Debtors

5

19,887

13,032

Cash at bank and in hand

 

236,176

236,321

 

256,063

249,353

Creditors: Amounts falling due within one year

6

(36,985)

(30,751)

Net current assets

 

219,078

218,602

Total assets less current liabilities

 

221,653

220,379

Provisions for liabilities

(490)

(338)

Net assets

 

221,163

220,041

Capital and reserves

 

Called up share capital

7

700

700

Capital redemption reserve

300

300

Retained earnings

220,163

219,041

Shareholders' funds

 

221,163

220,041

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 June 2025
 

.........................................
Dr R L D H Burns
Director

 

Cloudwater Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG

These financial statements were authorised for issue by the director on 25 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements are prepared on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

The current 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 taxable income.

 

Cloudwater Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% per annum on cost

Plant and machinery

20% per annum reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Cloudwater Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Computer equipment
£

Plant and machinery
 £

Total
£

Cost

At 1 April 2024

15,908

4,641

20,549

Additions

2,279

-

2,279

At 31 March 2025

18,187

4,641

22,828

Depreciation

At 1 April 2024

15,450

3,322

18,772

Charge for the year

1,217

264

1,481

At 31 March 2025

16,667

3,586

20,253

Net book value

At 31 March 2025

1,520

1,055

2,575

At 31 March 2024

458

1,319

1,777

 

Cloudwater Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

2025
£

2024
£

Trade debtors

19,887

13,032

19,887

13,032

6

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

253

826

Trade creditors

 

4,689

4,074

Taxation and social security

 

21,859

16,999

Accruals and deferred income

 

3,241

3,215

Other creditors

 

6,943

5,637

 

36,985

30,751

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

700

700

700

700

       

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

253

826