IAM Cloud Limited,Ltd - Accounts


2012-11-01 true false Private Limited Company 07823744 2013-10-31 07823744 2012-11-01 2013-10-31 07823744 2012-10-31 07823744 2011-11-01 2012-10-31 07823744 uk-bus:Director1 2012-11-01 2013-10-31 07823744 uk-bus:OrdinaryShareClass1 2013-10-31 07823744 uk-bus:OrdinaryShareClass2 2013-10-31 iso4217:GBP
IAM Cloud Limited
For the year ended 31 October 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07823744
2
Contents Page
IAM Cloud Limited
For the year ended 31 October 2013
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
IAM Cloud Limited
As at 31 October 2013
07823744
Registered Number :
£
£
2013
Notes
2012
Fixed assets
Tangible assets
2
9,272
5,231
9,272
5,231
Current assets
Debtors
95,808
158,417
Cash at bank and in hand
185,922
53,145
344,339
148,953
Creditors: amounts falling due within one year
(92,233)
(286,100)
56,720
58,239
Net current assets
Total assets less current liabilities
67,511
61,951
67,511
Net assets
61,951
Capital and reserves
Called up share capital
300
3
300
Profit and loss account
67,211
61,651
67,511
61,951
Shareholders funds
For the year ended 31 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) 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.
Date approved by the board: 22 July 2014
Mr Matt Brunton Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
IAM Cloud Limited
For the year ended 31 October 2013
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in
interest payable and similar charges within the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for
a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the financial
statements rather than as part of the company's issued share capital.
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5
Notes to the Abbreviated Financial Statements
IAM Cloud Limited
For the year ended 31 October 2013
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
6,975
At 01 November 2012
7,131
Additions
At 31 October 2013
14,106
Depreciation
1,744
At 01 November 2012
3,090
Charge for year
4,834
At 31 October 2013
Net book values
At 31 October 2013
9,272
5,231
At 31 October 2012
3 Share capital
Allotted called up and fully paid
2013
2012
£
£
270 Ordinary A shares of £1.00 each
270
270
30 Ordinary B shares of £1.00 each
30
30
300
300
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