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REGISTERED NUMBER: 12362021 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

IG CLOUD OPS LIMITED

IG CLOUD OPS LIMITED (REGISTERED NUMBER: 12362021)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IG CLOUD OPS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Rastall
C Fennell
G Forsyth





REGISTERED OFFICE: Unit 9
Inward Way
Rossmore Business Village
Ellesmere Port
Cheshire
CH65 3EY





REGISTERED NUMBER: 12362021 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

IG CLOUD OPS LIMITED (REGISTERED NUMBER: 12362021)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,667 17,667
Tangible assets 5 27,684 16,287
Investments 6 13,718 13,718
57,069 47,672

CURRENT ASSETS
Debtors 7 172,458 98,513
Cash at bank 6,979 51,737
179,437 150,250
CREDITORS
Amounts falling due within one year 8 195,026 137,379
NET CURRENT (LIABILITIES)/ASSETS (15,589 ) 12,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,480

60,543

CAPITAL AND RESERVES
Called up share capital 9 317 317
Retained earnings 41,163 60,226
SHAREHOLDERS' FUNDS 41,480 60,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:





S Rastall - Director


IG CLOUD OPS LIMITED (REGISTERED NUMBER: 12362021)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

IG Cloud Ops Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about IG Cloud Ops Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Office equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

IG CLOUD OPS LIMITED (REGISTERED NUMBER: 12362021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 19,667
AMORTISATION
At 1 January 2024 2,000
Charge for year 2,000
At 31 December 2024 4,000
NET BOOK VALUE
At 31 December 2024 15,667
At 31 December 2023 17,667

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 3,296 8,000 6,068 17,364
Additions 9,106 - 8,663 17,769
At 31 December 2024 12,402 8,000 14,731 35,133
DEPRECIATION
At 1 January 2024 275 500 302 1,077
Charge for year 1,415 2,000 2,957 6,372
At 31 December 2024 1,690 2,500 3,259 7,449
NET BOOK VALUE
At 31 December 2024 10,712 5,500 11,472 27,684
At 31 December 2023 3,021 7,500 5,766 16,287

IG CLOUD OPS LIMITED (REGISTERED NUMBER: 12362021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. FIXED ASSET INVESTMENTS

31.12.24 31.12.23
£    £   
Shares in group undertakings 5,228 5,228
Other investments not loans 8,490 8,490
13,718 13,718

Additional information is as follows:
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 5,228
NET BOOK VALUE
At 31 December 2024 5,228
At 31 December 2023 5,228

Investments (neither listed nor unlisted) were as follows:
31.12.24 31.12.23
£    £   
Investments 8,490 8,490

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 35,239 33,563
Amounts owed by participating interests 59,262 59,262
Other debtors 77,957 5,688
172,458 98,513

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 48,645 10,824
Amounts owed to group undertakings - 13,137
Taxation and social security 32,120 22,173
Other creditors 114,261 91,245
195,026 137,379

IG CLOUD OPS LIMITED (REGISTERED NUMBER: 12362021)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
253 Ordinary Shares £1 253 253
32 Ordinary A Shares £1 32 32
32 Ordinary B Shares £1 32 32
317 317

The ordinary A and ordinary B shares have full voting rights and full rights to participate in dividend distributions. They also have the right to participate in capital on winding up or otherwise on a pro rata basis to total shares in issue, over and above the valuation of the company as at the date of issue being 31 December 2022.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Rastall.

11. RELATED PARTY DISCLOSURES

At the end of the year a loan of £44,871 (2023 -£6,759) was due to the company from the directors. There are no terms governing its repayment and interest has been charged on this loan at market rate.