Registered number
07015643
Cloud Success Limited
Abbreviated Accounts
30 September 2012
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
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