Registered Number 05432905

CLOUDCO ACCOUNTANCY GROUP LIMITED

Abbreviated Accounts

30 April 2013

CLOUDCO ACCOUNTANCY GROUP LIMITED Registered Number 05432905

Abbreviated Balance Sheet as at 30 April 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 27,145 22,496
Investments 3 100 100
27,245 22,596
Current assets
Debtors 109,601 120,037
Cash at bank and in hand 16,955 31
126,556 120,068
Creditors: amounts falling due within one year (117,472) (127,269)
Net current assets (liabilities) 9,084 (7,201)
Total assets less current liabilities 36,329 15,395
Creditors: amounts falling due after more than one year (5,315) -
Total net assets (liabilities) 31,014 15,395
Capital and reserves
Called up share capital 4 900 900
Profit and loss account 30,114 14,495
Shareholders' funds 31,014 15,395
  • For the year ending 30 April 2013 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 June 2013

And signed on their behalf by:
Christopher Reid, Director

CLOUDCO ACCOUNTANCY GROUP LIMITED Registered Number 05432905

Notes to the Abbreviated Accounts for the period ended 30 April 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance
Motor Vehicles - 25% straight line

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets
£
Cost
At 1 May 2012 76,203
Additions 10,886
Disposals -
Revaluations -
Transfers -
At 30 April 2013 87,089
Depreciation
At 1 May 2012 53,707
Charge for the year 6,237
On disposals -
At 30 April 2013 59,944
Net book values
At 30 April 2013 27,145
At 30 April 2012 22,496

3Fixed assets Investments
The company holds 100% Ordinary £1 shares in Chris Reid Limited, a company registered in England.

4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100
500 A & B Ordinary shares of £1 each 500 500
300 C, D & E Ordinary shares of £1 each 300 300

5Transactions with directors

Name of director receiving advance or credit: Christopher Reid
Description of the transaction: Interest free loan
Balance at 1 May 2012: £ 5,000
Advances or credits made: -
Advances or credits repaid: £ 5,000
Balance at 30 April 2013: £ 0

During the year the services of Christopher Reid, other than their fiduciary duties have been supplied to the company under a separate distinct contract.