Company Registration No. 11441480 (England and Wales)
Cloud Payments Ltd
Unaudited accounts
for the year ended 30 June 2020
Cloud Payments Ltd
Unaudited accounts
Contents
Cloud Payments Ltd
Company Information
for the year ended 30 June 2020
Directors
Connor Lewis Wilkinson
Edgaras Civinskas
Company Number
11441480 (England and Wales)
Registered Office
Biz Hub Hull
Gibson Lane
Melton
HU14 3HH
United Kingdom
Accountants
Port Accounting Services Limited
1st Floor, Shirethorn House
Redcliffe Court, Redcliffe Road
Hessle
East Yorkshire
HU13 0EY
Cloud Payments Ltd
Statement of financial position
as at 30 June 2020
Tangible assets
3,073
2,105
Cash at bank and in hand
63,074
6,420
Creditors: amounts falling due within one year
(20,073)
(16,801)
Net current assets/(liabilities)
49,633
(11)
Total assets less current liabilities
52,706
2,094
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
100
100
Profit and loss account
2,606
1,994
Shareholders' funds
2,706
2,094
For the year ending 30 June 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2021 and were signed on its behalf by
Connor Lewis Wilkinson
Director
Company Registration No. 11441480
Cloud Payments Ltd
Notes to the Accounts
for the year ended 30 June 2020
Cloud Payments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11441480. The registered office is Biz Hub Hull , Gibson Lane, Melton, HU14 3HH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2019
720
2,087
2,807
At 30 June 2020
720
4,044
4,764
At 1 July 2019
180
522
702
Charge for the year
133
856
989
At 30 June 2020
313
1,378
1,691
At 30 June 2020
407
2,666
3,073
At 30 June 2019
540
1,565
2,105
Cloud Payments Ltd
Notes to the Accounts
for the year ended 30 June 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
4,938
3,250
Loans from directors
-
155
Deferred income
10,500
8,500
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 2 (2019: 0).
