Cloud Booking Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04155619 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Cloud Booking Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P G Brennan

REGISTERED OFFICE:

48 Derby Road

Ashbourne

Derbyshire

DE6 1BH

REGISTERED NUMBER:

04155619 (England and Wales)

FIXED ASSETS

Tangible assets

2

8,578

6,401

CURRENT ASSETS

Debtors

170,209

278,250

Cash at bank

26,128

16,907

196,337

295,157

CREDITORS

Amounts falling due within one year

3

136,390

166,979

NET CURRENT ASSETS

59,947

128,178

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,525

134,579

CREDITORS

Amounts falling due after more than
one year

3

54,388

68,901

NET ASSETS

14,137

65,678

CAPITAL AND RESERVES

Called up share capital

4

821

Capital redemption reserve

397

Profit and loss account

12,919

64,460

SHAREHOLDERS' FUNDS

14,137

65,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with
the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 June 2016 and were signed by:

P G Brennan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the director considers appropriate having regard to the

company's current and expected performance.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Cloud Booking Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided under contracts, to the extent that there is a right to consideration,

and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date

based on a proportion of the total contract value. Where payments are received from customers in

advance of services provided, the amounts are recorded as Deferred Income and included as part of

Creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33.33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

19,640

Additions

9,744

At 31 December 2015

29,384

DEPRECIATION

At 1 January 2015

13,239

Charge for year

7,567

At 31 December 2015

20,806

NET BOOK VALUE

At 31 December 2015

8,578

At 31 December 2014

6,401

3.

CREDITORS

Creditors include an amount of £ 71,862 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

821

Ordinary

£1

821

5.	ULTIMATE PARENT COMPANY

Cloud Holdings Limited is regarded by the director as being the company's ultimate parent company.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2015 and 31 December 2014:

2015

2014

£

P G Brennan

Balance outstanding at start of year

74,782

46,570

Amounts advanced

8,082

107,212

Amounts repaid

(82,864

)

(79,000

)

Balance outstanding at end of year

-

74,782

The advances were all unsecured and repayable on demand, interest was charged at the HMRC

approved rate.

An amount owed to the director as at the year end of £20,376 (2014 - £nil) was included within

other creditors.