Registered number
07015643
Cloud Success Limited
Abbreviated Accounts
30 September 2013
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 2013
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 2013 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 December 2013
Cloud Success Limited
Registered number: 07015643
Abbreviated Balance Sheet
as at 30 September 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,702 -
Current assets
Work in progress - 10,450
Debtors 10,090 19,070
Cash at bank and in hand 34,627 22,108
44,717 51,628
Creditors: amounts falling due within one year (15,059) (19,961)
Net current assets 29,658 31,667
Net assets 31,360 31,667
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 31,260 31,567
Shareholder's funds 31,360 31,667
The director is 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 director acknowledges his 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 8 December 2013
Cloud Success Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2013
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office equipment 25% straight line
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.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
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 Tangible fixed assets £
Cost
Additions 2,270
At 30 September 2013 2,270
Depreciation
Charge for the year 568
At 30 September 2013 568
Net book value
At 30 September 2013 1,702
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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