Cloud Success Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Cloud Success Limited for the year ended 30 September 2012 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Cloud Success Limited for the year ended 30 September 2012 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Cloud Success Limited, as a body, in accordance with the terms of our engagement letter dated 18 October 2010. Our work has been undertaken solely to prepare for your approval the accounts of Cloud Success Limited and state those matters that we have agreed to state to the Board of Directors of Cloud Success Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cloud Success Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Cloud Success Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cloud Success Limited. You consider that Cloud Success Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Cloud Success Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
InTouch Accounting Limited |
Chartered Accountants |
Bristol & West House |
Post Office Road |
Bournemouth |
Dorset |
BH1 1BL |
|
9 May 2013 |
|
Cloud Success Limited |
Registered number: |
07015643 |
Abbreviated Balance Sheet |
as at 30 September 2012 |
|
Notes |
|
|
2012 |
|
|
2011 |
£ |
£ |
Current assets |
Work in progress |
|
|
10,450 |
|
|
- |
Debtors |
|
|
19,070 |
|
|
19,886 |
Cash at bank and in hand |
|
|
22,108 |
|
|
14,008 |
|
|
|
51,628 |
|
|
33,894 |
|
Creditors: amounts falling due within one year |
|
|
(19,961) |
|
|
(20,737) |
|
Net current assets |
|
|
|
31,667 |
|
|
13,157 |
|
Net assets |
|
|
|
31,667 |
|
|
13,157 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
2 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
31,567 |
|
|
13,057 |
|
Shareholder's funds |
|
|
|
31,667 |
|
|
13,157 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
W Cobbett |
Director |
Approved by the board on 9 May 2013 |
|
Cloud Success Limited |
Notes to the Abbreviated Accounts |
for the year ended 30 September 2012 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Work in progress |
|
Work in progress is valued at the lower of cost and net realisable value. Long term work in progress on service contracts extending beyond one accounting period is valued at net realisable value only where the right to consideration arises during the accounting period. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Share capital |
Nominal |
|
2012 |
|
2012 |
|
2011 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|