General Information
CLOUDFIRST TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10847141, registration address 27 Duke Street, Saxon House, Chelmsford, CM1 1HT.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
6% Reducing Balance
|
| Computer Equipment |
3 Years Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2024 |
51,174 |
|
3,748 |
|
54,922 |
| Additions |
- |
|
409 |
|
409 |
| Disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
51,174 |
|
4,157 |
|
55,331 |
| Depreciation |
| At 01 August 2024 |
13,562 |
|
1,978 |
|
15,540 |
| Charge for year |
2,257 |
|
1,318 |
|
3,575 |
| On disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
15,819 |
|
3,296 |
|
19,115 |
| Net book values |
| Closing balance as at 31 July 2025 |
35,355 |
|
861 |
|
36,216 |
| Opening balance as at 01 August 2024 |
37,612 |
|
1,770 |
|
39,382 |
|
2
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