1 January 2024 false No description of principal activity Taxfiler 2024.6 09139592business:PrivateLimitedCompanyLtd2024-01-012024-12-31 091395922023-12-31 091395922024-01-012024-12-31 09139592business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 09139592business:FilletedAccounts2024-01-012024-12-31 091395922024-12-31 091395922023-12-31 09139592core:WithinOneYear2024-12-31 09139592core:WithinOneYear2023-12-31 09139592core:AfterOneYear2024-12-31 09139592core:AfterOneYear2023-12-31 09139592core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 09139592core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09139592core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 09139592core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09139592core:PreviouslyStatedAmount2024-12-31 09139592core:PreviouslyStatedAmount2023-12-31 09139592business:SmallEntities2024-01-012024-12-31 09139592business:Director12024-01-012024-12-31 09139592countries:EnglandWales2024-01-012024-12-31 09139592business:RegisteredOffice2024-01-012024-12-31 09139592core:PlantMachinery2024-01-012024-12-31 09139592core:ComputerEquipment2024-01-012024-12-31 09139592core:IntangibleAssetsOtherThanGoodwill2023-12-31 09139592core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31 09139592core:IntangibleAssetsOtherThanGoodwill2024-12-31 09139592core:PlantMachinery2023-12-31 09139592core:ComputerEquipment2023-12-31 09139592core:PlantMachinery2024-12-31 09139592core:ComputerEquipment2024-12-31 09139592business:OrdinaryShareClass12024-01-012024-12-31 09139592business:OrdinaryShareClass12023-01-012023-12-31 091395922023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09139592 (England and Wales)
The Accountancy Cloud Ltd Unaudited accounts for the year ended 31 December 2024
The Accountancy Cloud Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
The Accountancy Cloud Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
40,593 
5,658 
Tangible assets
5
26,347 
35,637 
Investments
6
1,000 
1,000 
67,940 
42,295 
Current assets
Debtors
7
227,749 
146,183 
Cash at bank and in hand
796,243 
1,785,651 
1,023,992 
1,931,834 
Creditors: amounts falling due within one year
8
(150,026)
(576,606)
Net current assets
873,966 
1,355,228 
Total assets less current liabilities
941,906 
1,397,523 
Creditors: amounts falling due after more than one year
9
(15,038)
(773,176)
Net assets
926,868 
624,347 
Capital and reserves
Called up share capital
10
10,000 
10,000 
Profit and loss account
916,868 
614,347 
Shareholders' funds
926,868 
624,347 
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 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 15 August 2025 and were signed on its behalf by
Wesley Rashid Director Company Registration No. 09139592
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The Accountancy Cloud Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
The Accountancy Cloud Ltd is a private company, limited by shares, registered in England and Wales, registration number 09139592. The registered office is 1 Fore Street Avenue, London, EC2Y 9DT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% straight line
Computer equipment
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Prior period adjustment
During the year, the directors identified an adjustment in the 2023 financial statements relating to revenue, trade debtors and accruals. A prior period adjustment of £17,951 has been made to correct these items, and the 2023 comparatives have been restated.
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The Accountancy Cloud Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
40,638 
Additions
43,968 
At 31 December 2024
84,606 
Amortisation
At 1 January 2024
34,980 
Charge for the year
9,033 
At 31 December 2024
44,013 
Net book value
At 31 December 2024
40,593 
At 31 December 2023
5,658 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
15,952 
77,408 
93,360 
Additions
- 
527 
527 
At 31 December 2024
15,952 
77,935 
93,887 
Depreciation
At 1 January 2024
4,823 
52,900 
57,723 
Charge for the year
87 
9,730 
9,817 
At 31 December 2024
4,910 
62,630 
67,540 
Net book value
At 31 December 2024
11,042 
15,305 
26,347 
At 31 December 2023
11,129 
24,508 
35,637 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
1,000 
Valuation at 31 December 2024
1,000 
- 5 -
The Accountancy Cloud Ltd Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
119,550 
46,416 
Accrued income and prepayments
- 
5,769 
Other debtors
6,918 
13,665 
126,468 
65,850 
Amounts falling due after more than one year
Other debtors
101,281 
80,333 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(190)
(190)
Taxes and social security
142,915 
167,872 
Other creditors
- 
363,401 
Loans from directors
2,228 
- 
Accruals
- 
36,433 
Deferred income
5,073 
9,090 
150,026 
576,606 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
15,038 
773,176 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
11
Transactions with related parties
During the year the company entered into related party transactions on behalf of its subsidiary, Cloud Accountancy (India) Private Limited. This included salary costs of £50,046 (2023: £111,871), rent and maintenance of £13,292 (2023: £8,813) and municipal and corporate taxes of £7,656 (2023: £Nil). Dividends of £48,121 (2023: £Nil) were paid to directors. All related party transactions were undertaken at arm’s length.
12
Average number of employees
During the year the average number of employees was 26 (2023: 30).
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