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Registered number: 08750969
Clouvider Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Thriveworks Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08750969
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 574,052 500,404
Tangible Assets 5 4,094,333 5,656,573
Investments 6 917,964 885,039
5,586,349 7,042,016
CURRENT ASSETS
Debtors 7 319,998 653,561
Cash at bank and in hand 94,146 147,650
414,144 801,211
Creditors: Amounts Falling Due Within One Year 8 (2,565,206 ) (2,506,074 )
NET CURRENT ASSETS (LIABILITIES) (2,151,062 ) (1,704,863 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,435,287 5,337,153
Creditors: Amounts Falling Due After More Than One Year 9 (1,431,740 ) (2,529,997 )
NET ASSETS 2,003,547 2,807,156
CAPITAL AND RESERVES
Called up share capital 11 155,381 155,381
Profit and Loss Account 1,848,166 2,651,775
SHAREHOLDERS' FUNDS 2,003,547 2,807,156
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Dominik Nowacki
Director
17/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Clouvider Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08750969 . The registered office is 8 Devonshire Square, London, EC2M 4YJ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2.4. 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:
Plant & Machinery 5 years straight line
Computer Equipment 5 years straight line
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2.6. 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Page 4
2.7. 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: 5 (2023: 5)
5 5
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 500,404
Additions 73,648
As at 31 December 2024 574,052
Net Book Value
As at 31 December 2024 574,052
As at 1 January 2024 500,404
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 43,724 9,198,229 9,241,953
Additions 426 312,623 313,049
As at 31 December 2024 44,150 9,510,852 9,555,002
Depreciation
As at 1 January 2024 14,977 3,570,403 3,585,380
Provided during the period 9,298 1,865,991 1,875,289
As at 31 December 2024 24,275 5,436,394 5,460,669
Net Book Value
As at 31 December 2024 19,875 4,074,458 4,094,333
As at 1 January 2024 28,747 5,627,826 5,656,573
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 885,039
Additions 32,925
As at 31 December 2024 917,964
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 917,964
As at 1 January 2024 885,039
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140,007 554,575
Prepayments and accrued income 7,256 23,972
Other debtors 26,682 8,362
VAT 101,172 43,247
Amounts owed by group undertakings 44,881 23,405
319,998 653,561
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,376,762 1,454,528
Trade creditors 486,382 113,769
Bank loans and overdrafts 45,215 308,650
Corporation tax 224,535 320,629
Other taxes and social security 5,961 5,749
Director's loan account 40 107
Amounts owed to group undertakings 426,311 302,642
2,565,206 2,506,074
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,224,634 2,496,542
Bank loans 207,106 33,455
1,431,740 2,529,997
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,376,762 1,454,528
Later than one year and not later than five years 1,224,634 2,496,542
2,601,396 3,951,070
2,601,396 3,951,070
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 155,381 155,381
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