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Registered number: 07414546
Behind Every Cloud Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07414546
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,870 62,600
Investments 5 190,000 -
242,870 62,600
CURRENT ASSETS
Debtors 6 107,547 216,439
Cash at bank and in hand 28 553,910
107,575 770,349
Creditors: Amounts Falling Due Within One Year 7 (150,031 ) (417,377 )
NET CURRENT ASSETS (LIABILITIES) (42,456 ) 352,972
TOTAL ASSETS LESS CURRENT LIABILITIES 200,414 415,572
Creditors: Amounts Falling Due After More Than One Year 8 (117,908 ) (154,440 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,045 ) (15,650 )
NET ASSETS 72,461 245,482
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 72,361 245,382
SHAREHOLDERS' FUNDS 72,461 245,482
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Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Raymond Bricknell
Director
25 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Behind Every Cloud Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07414546 . The registered office is Canada House First Floor, 20/20 Business Park, St Leonards Road, Maidstone, Kent , ME16 0LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 61,099 12,318 73,417
As at 31 October 2024 61,099 12,318 73,417
Depreciation
As at 1 November 2023 1,029 9,788 10,817
Provided during the period 9,011 719 9,730
As at 31 October 2024 10,040 10,507 20,547
Net Book Value
As at 31 October 2024 51,059 1,811 52,870
As at 1 November 2023 60,070 2,530 62,600
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Page 5
5. Investments
Listed
£
Cost
As at 1 November 2023 -
Additions 510,000
Disposals (320,000 )
As at 31 October 2024 190,000
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 190,000
As at 1 November 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 67,962 109,828
Other debtors 39,585 106,611
107,547 216,439
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,907 5,604
Trade creditors 19,381 1,013
Bank loans and overdrafts 40,118 120,159
Other creditors 10,539 70,539
Taxation and social security 73,086 220,062
150,031 417,377
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,108 51,897
Bank loans 72,800 102,543
117,908 154,440
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,907 5,604
Later than one year and not later than five years 45,108 51,897
52,015 57,501
52,015 57,501
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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