Trident Cloud Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08798066 (England and Wales)

TRIDENT CLOUD LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

J Eaton

A Ray

R S J Sheffield

REGISTERED OFFICE:

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

REGISTERED NUMBER:

08798066 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the

company is only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Trident Cloud Limited for the year ended 31st December 2016 which

comprise the Income Statement, Statement of Financial Position, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trident Cloud Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trident Cloud Limited and state those matters that we have agreed to state to the Board of Directors of Trident Cloud Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trident Cloud Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trident Cloud Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trident Cloud Limited. You consider that Trident Cloud 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 financial statements of Trident Cloud 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 statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

13th October 2017

FIXED ASSETS

Intangible assets

4

130,059

62,962

CURRENT ASSETS

Debtors

5

24,294

21,774

Cash at bank and in hand

8,707

78,040

33,001

99,814

CREDITORS

Amounts falling due within one year

6

(21,434

)

(4,263

)

NET CURRENT ASSETS

11,567

95,551

TOTAL ASSETS LESS CURRENT LIABILITIES

141,626

158,513

CAPITAL AND RESERVES

Called up share capital

7

1,108

1,100

Share premium

213,920

189,800

Retained earnings

(73,402

)

(32,387

)

SHAREHOLDERS' FUNDS

141,626

158,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12th October 2017 and were signed on its behalf by:

R S J Sheffield - Director

1.	STATUTORY INFORMATION

Trident Cloud Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these

financial statements.

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

Revenue recognition

Revenue is recognised in the income statement at the date the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value, with

changes recognised in the income statement. Derivative financial instruments are initially recorded

at cost and thereafter at fair value with changes recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Going concern

The directors have undertaken to continue their financial support of the company for the

foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going

concern basis.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1st January 2016

62,962

Additions

67,097

At 31st December 2016

130,059

Net book value

At 31st December 2016

130,059

At 31st December 2015

62,962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

117

168

Amounts owed by associates

5,134

-

Other debtors

19,043

21,606

24,294

21,774

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

17,412

1,401

Other creditors

4,022

2,862

21,434

4,263

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

110,832

Ordinary

£0.01

1,108

1,100

On 15 March 2016 the company issued 487 ordinary 1p shares at a premium of £29 each.

On 23 March 2016 the company issued 345 ordinary 1p shares at a premium of £29 each.

8.	TRANSITION TO FINANCIAL REPORTING STANDARD 102

This is the first year that the company has presented its results in accordance with the provisions of

Section 1A “Small Entities” of Financial Reporting Standard 102. The last financial statements under

the provisions of UK GAAP were for the year ended 31 December 2015. The date of the transition to

Section 1A “Small Entities” of Financial Reporting Standard 102 was 1 January 2015. There has been

no effect on the financial statements arising from the transition from UK GAAP as previously

reported and Section 1A “Small Entities” of Financial Reporting Standard 102.