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Company No: SC421512 (Scotland)

# FLYTE CLOUD SERVICES LTD

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

FLYTE CLOUD SERVICES LTD

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

FLYTE CLOUD SERVICES LTD

## COMPANY INFORMATION

For the financial year ended 30 April 2025
FLYTE CLOUD SERVICES LTD

## COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025

DIRECTORS | Chris Fraser
| Alasdair Ian Thomas Gauld
| Lance Gauld

REGISTERED OFFICE | Kirkstane House
| 139 St. Vincent Street
| Glasgow
| G2 5JF
| Scotland
| United Kingdom

COMPANY NUMBER | SC421512 (Scotland)

ACCOUNTANT | S&W Partners Newcastle Limited
| 17 Queens Lane
| Newcastle
| NE1 1RN

FLYTE CLOUD SERVICES LTD

## BALANCE SHEET

As at 30 April 2025
FLYTE CLOUD SERVICES LTD

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 282,973 |  | 250,786
Cash at bank and in hand | 4 | 51,985 |  | 60,098
|  | 334,958 |  | 310,884
Creditors: amounts falling due within one year | 5 | ( 193,868) |  | ( 175,886)
Net current assets |  | 141,090 |  | 134,998
Total assets less current liabilities |  | 141,090 |  | 134,998
Net assets |  | 141,090 |  | 134,998
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 140,990 |  | 134,898
Total shareholders' funds |  | 141,090 |  | 134,998

For the financial year ending 30 April 2025 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Flyte Cloud Services Ltd (registered number: SC421512) were approved and authorised for issue by the Board of Directors on 16 October 2025. They were signed on its behalf by:

Alasdair Ian Thomas Gauld Director |

FLYTE CLOUD SERVICES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
FLYTE CLOUD SERVICES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Flyte Cloud Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Kirkstane House, 139 St. Vincent Street, Glasgow, G2 5JF, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Flyte Cloud Services Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life.
All company fixed assets were disposed of in the year ended 30 April 2024.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 11 |  | 28

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 78,772 |  | 45,860
Deferred tax asset | 113,612 |  | 113,612
Corporation tax | 0 |  | 79,873
Other debtors | 90,589 |  | 11,441
| 282,973 |  | 250,786

#### 4. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 51,985 |  | 60,098

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 155,465 |  | 71,894
Other taxation and social security | 26,335 |  | 14,438
Other creditors | 12,068 |  | 89,554
| 193,868 |  | 175,886