Shaping Cloud Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07321331

Shaping Cloud Ltd

Filleted Unaudited Financial Statements

31 December 2024

Shaping Cloud Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Shaping Cloud Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	6	873,652	798,740
Tangible assets	7	23,469	37,994
		---------	---------
		897,121	836,734

Current assets

Debtors	8	116,521	684,383
Cash at bank and in hand		672,903	199,830
		---------	---------
		789,424	884,213

Creditors: amounts falling due within one year	9	710,092		651,151
		---------		---------
Net current assets			79,332	233,062
			---------	------------
Total assets less current liabilities			976,453	1,069,796

Creditors: amounts falling due after more than one year	10	77,195	541,577
		---------	------------
Net assets		899,258	528,219
		---------	------------

Capital and reserves

Called up share capital	6,946	285
Share premium account	2,973,502	2,090,163
Profit and loss account	( 2,081,190)	( 1,562,229)
	------------	------------
Shareholders funds	899,258	528,219
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Shaping Cloud Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mrs H S Gerling

Director

Company registration number: 07321331

Shaping Cloud Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jactin House, 24 Hood Street, Ancoats, Manchester, M4 6WX, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the balance sheet date, the company had net assets of £899,258. The accounts have been prepared on a going concern basis and the directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research and development expenditure is written off in the year in which it is incurred with the exception of expenditure on the development of certain major new projects where the outcome of those projects is assessed as being reasonably certain as regards viability and technical feasibility in accordance with FRS 102 section 1A. Intangible assets are reviewed for impairment at the end of each financial year if events or changes in circumstances indicate that the carrying value may not be recoverable. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Development costs - 20% straight line

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 30 (2023: 34 ).

5. Share-based payment transactions

The Company uses the Black-Scholes method to calculate the value of the options in issue and the charge to make to profit to reflect the fair value of the options during the reporting period. Since all the options are issued at the fair value at the time of the grant, as agreed with HMRC, the value of any charge is entirely immaterial to the uses of the financial statements and as such the Directors have decided not to reflect any charge in the financial statements.

6. Intangible assets

	Development costs
	£
Cost
At 1 January 2024	3,014,783
Additions	110,012
	------------
At 31 December 2024	3,124,795
	------------
Amortisation
At 1 January 2024	2,216,043
Charge for the year	35,100
	------------
At 31 December 2024	2,251,143
	------------
Carrying amount
At 31 December 2024	873,652
	------------
At 31 December 2023	798,740
	------------

7. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2024	137,018	137,018
Additions	403	403
Disposals	( 1,192)	( 1,192)
	---------	---------
At 31 December 2024	136,229	136,229
	---------	---------
Depreciation
At 1 January 2024	99,024	99,024
Charge for the year	13,736	13,736
	---------	---------
At 31 December 2024	112,760	112,760
	---------	---------
Carrying amount
At 31 December 2024	23,469	23,469
	---------	---------
At 31 December 2023	37,994	37,994
	---------	---------

8. Debtors

	2024	2023
	£	£
Trade debtors	67,209	561,489
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4	4
Other debtors	49,308	122,890
	---------	---------
	116,521	684,383
	---------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Loans and overdrafts	10,353	10,778
Trade creditors	111,652	64,019
Social security and other taxes	333,784	138,169
Other creditors - AMEX	8,587	17,889
Other creditors	245,716	420,296
	---------	---------
	710,092	651,151
	---------	---------

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Loans and overdrafts	44,353	404,185
Other creditors	32,842	137,392
	--------	---------
	77,195	541,577
	--------	---------

11. Related party transactions

At the balance sheet date, the company owed a shareholder £32,842 (2023: £32,842).