Under One Cloud Consultancy Ltd 31/12/2023 iXBRL

Under One Cloud Consultancy Ltd 31/12/2023 iXBRL

UNDER ONE CLOUD CONSULTANCY LTD - Company Information

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8 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11748143 2023-01-01 2023-12-31 11748143 2023-12-31 11748143 2022-12-31 11748143 2022-01-01 2022-12-31 11748143 2022-12-31 11748143 2021-12-31 11748143 core:NetGoodwill 2023-01-01 2023-12-31 11748143 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 11748143 bus:RegisteredOffice 2023-01-01 2023-12-31 11748143 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 11748143 bus:Director1 2023-01-01 2023-12-31 11748143 core:NetGoodwill 2022-12-31 11748143 core:NetGoodwill 2023-12-31 11748143 core:FurnitureFittingsToolsEquipment 2022-12-31 11748143 core:FurnitureFittingsToolsEquipment 2023-12-31 11748143 core:MotorVehicles 2023-12-31 11748143 core:WithinOneYear 2023-12-31 11748143 core:WithinOneYear 2022-12-31 11748143 core:AfterOneYear 2023-12-31 11748143 core:ShareCapital 2023-12-31 11748143 core:ShareCapital 2022-12-31 11748143 core:SharePremium 2023-12-31 11748143 core:RetainedEarningsAccumulatedLosses 2023-12-31 11748143 core:RetainedEarningsAccumulatedLosses 2022-12-31 11748143 core:BetweenOneFiveYears 2022-12-31 11748143 core:MotorVehicles 2023-01-01 2023-12-31 11748143 core:NetGoodwill 2022-12-31 11748143 core:FurnitureFittingsToolsEquipment 2022-12-31 11748143 bus:SmallEntities 2023-01-01 2023-12-31 11748143 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11748143 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11748143 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11748143 bus:FullAccounts 2023-01-01 2023-12-31
Company registration number: 11748143
Under One Cloud Consultancy Ltd
Unaudited filleted financial statements
31 December 2023
Under One Cloud Consultancy Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Under One Cloud Consultancy Ltd
Directors and other information
Director Mr J D Bellenie
Company number 11748143
Registered office 3 Cecilian Court
Cecilian Avenue
Worthing
West Sussex
BN14 8AP
Business address Langston Gate
Solent Road
Havant
Hampshire
PO9 1TR
Accountants Keith Bellenie & Co Ltd
3 Cecilian Court
Cecilian Avenue
Worthing
West Sussex
BN14 8AP
Bankers NatWest
Under One Cloud Consultancy Ltd
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 3,000 7,000
Tangible assets 6 72,520 12,862
_______ _______
75,520 19,862
Current assets
Stocks 3,704 1,500
Debtors 7 25,815 43,168
Cash at bank and in hand 105,391 50,024
_______ _______
134,910 94,692
Creditors: amounts falling due
within one year 8 ( 124,534) ( 100,539)
_______ _______
Net current assets/(liabilities) 10,376 ( 5,847)
_______ _______
Total assets less current liabilities 85,896 14,015
Creditors: amounts falling due
after more than one year 9 ( 20,692) -
Provisions for liabilities ( 10,837) ( 2,444)
_______ _______
Net assets 54,367 11,571
_______ _______
Capital and reserves
Called up share capital 115 101
Share premium account 49,986 -
Profit and loss account 4,266 11,470
_______ _______
Shareholders funds 54,367 11,571
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 April 2024 , and are signed on behalf of the board by:
Mr J D Bellenie
Director
Company registration number: 11748143
Under One Cloud Consultancy Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Cecilian Court, Cecilian Avenue, Worthing, West Sussex, BN14 8AP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 50 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 5 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2023 and 31 December 2023 8,000 8,000
_______ _______
Amortisation
At 1 January 2023 1,000 1,000
Charge for the year 4,000 4,000
_______ _______
At 31 December 2023 5,000 5,000
_______ _______
Carrying amount
At 31 December 2023 3,000 3,000
_______ _______
At 31 December 2022 7,000 7,000
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2023 18,553 - 18,553
Additions 9,122 59,000 68,122
_______ _______ _______
At 31 December 2023 27,675 59,000 86,675
_______ _______ _______
Depreciation
At 1 January 2023 5,691 - 5,691
Charge for the year 3,714 4,750 8,464
_______ _______ _______
At 31 December 2023 9,405 4,750 14,155
_______ _______ _______
Carrying amount
At 31 December 2023 18,270 54,250 72,520
_______ _______ _______
At 31 December 2022 12,862 - 12,862
_______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 21,410 37,932
Other debtors 4,405 5,236
_______ _______
25,815 43,168
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,515 16,574
Corporation tax - 6,252
Social security and other taxes 27,682 12,072
Other creditors 95,337 65,641
_______ _______
124,534 100,539
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 20,692 -
_______ _______
10. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 1,735 6,941
Later than 1 year and not later than 5 years - 1,157
_______ _______
1,735 8,098
_______ _______