CLOUDWORKZ LIMITED

Company Registration Number:
12801553 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

CLOUDWORKZ LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

CLOUDWORKZ LIMITED

Balance sheet

As at 31 August 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 1,935 2,154
Total fixed assets: 1,935 2,154
Current assets
Debtors: 4 683,860 701,087
Cash at bank and in hand: 6,460 105,557
Total current assets: 690,320 806,644
Creditors: amounts falling due within one year: 5 (302,043) (237,164)
Net current assets (liabilities): 388,277 569,480
Total assets less current liabilities: 390,212 571,634
Creditors: amounts falling due after more than one year: 6 (50,000)
Total net assets (liabilities): 340,212 571,634
Capital and reserves
Called up share capital: 1 1
Share premium account: 1,757,463 1,707,968
Profit and loss account: (1,417,252) (1,136,335)
Shareholders funds: 340,212 571,634

The notes form part of these financial statements

CLOUDWORKZ LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 June 2026
and signed on behalf of the board by:

Name: Mr TC King
Status: Director

The notes form part of these financial statements

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales-related taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates on a straight line basis: Office equipment and fixtures - 25%; Computer equipment - 25%.

Other accounting policies

Going concern: The financial statements have been prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future, notwithstanding the accumulated losses position. Taxation: The tax expense represents the sum of the tax currently payable and deferred tax. No corporation tax charge arises in the year as the company has a tax-adjusted trading loss. Trading losses are carried forward for offset against future profits of the same trade.

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 3 8

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 2,385
Additions 489
At 31 August 2024 2,874
Depreciation
At 01 September 2023 231
Charge for year 708
At 31 August 2024 939
Net book value
At 31 August 2024 1,935
At 31 August 2023 2,154

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

Trade creditors: 92,949 (2023: 23,746). Taxation and social security: 68,369 (2023: 95,909). Other creditors: 140,725 (2023: 117,509). Total creditors due within one year: 302,043 (2023: 237,164). Other creditors include: accruals 3,416 (2023: nil); Directors loan account 32,236 (2023: nil); PAYE payable 43,998 (2023: nil); VAT liability 22,232 (2023: nil); IWOCA current 1,466 (2023: nil); Pipe 12,926 (2023: nil); pensions payable 581 (2023: nil); suspense 6,949 (2023: nil); other 17,921 (2023: nil).

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due after more than one year note

Bank loan: 50,000 (2023: nil). The loan is repayable in monthly instalments of approximately 2,407 and is secured against the assets of the company.

CLOUDWORKZ LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Related party transactions

Name of the related party: The Real Exlr8r Ltd
Relationship:
Connected company under common control
Description of the Transaction: Management charges of 180,000 invoiced during the year for leads and business development services. Balance outstanding at 31 August 2024: 493,660 (2023: 412,325).
£
Balance at 01 September 2023 412,325
Balance at 31 August 2024 493,660
Name of the related party: Mr TC King
Relationship:
Director
Description of the Transaction: The director has made loans to the company. Balance owed to director at 31 August 2024: 32,236 (2023: nil).
£
Balance at 01 September 2023 0
Balance at 31 August 2024 32,236