Jonathon Cloud Ltd - Period Ending 2014-03-31

Registration number: 7279691

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Jonathon Cloud Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Moneypad Limited
Chartered certified accountants
Queen Anne House
Bridge Road
Bagshot
Surrey
GU19 5AT

Jonathon Cloud Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Jonathon Cloud Ltd
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jonathon Cloud Ltd for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .

This report is made solely to the Board of Directors of Jonathon Cloud Ltd, as a body, in accordance with the terms of our engagement letterdated 3 November 2014. Our work has been undertaken solely to prepare for your approval the accounts of Jonathon Cloud Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jonathon Cloud Ltd and its Board of Directors as a body for our work or for this report.

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

......................................

Moneypad Limited
Chartered certified accountants
Queen Anne House
Bridge Road
Bagshot
Surrey
GU19 5AT

3 November 2014

Page 1

Jonathon Cloud Ltd
(Registration number: 7279691)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					32,105			-
Current assets
Stocks					2,490			1,559
Debtors					7,458			46,072
Cash at bank and in hand					12,459			1,018
					22,407			48,649
Creditors: Amounts falling due within one year					(32,612)			(40,928)
Net current (liabilities)/assets					(10,205)			7,721
Total assets less current liabilities					21,900			7,721
Creditors: Amounts falling due after more than one year					(29,652)			-
Net (liabilities)/assets					(7,752)			7,721
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(7,753)			7,720
Shareholders' (deficit)/funds					(7,752)			7,721

For the year ending 31 March 2014 the company was entitled to exemption 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 director acknowledges his 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 .

Approved by the director on 3 November 2014

.........................................
Mr Kenneth Charles Gunbie
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Jonathon Cloud Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis due to the continued support of its directors.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Income from grants is recognised when entitlement is demonstrable, there is certainty regarding the amount and any conditions attached are wholly within the control of the Company.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	33% reducing balance
Office Equipment	33% reducing balance
Plant and Machinery	33% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Jonathon Cloud Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		38,560			38,560
At 31 March 2014		38,560			38,560
Depreciation
Charge for the year		6,455			6,455
At 31 March 2014		6,455			6,455
Net book value
At 31 March 2014		32,105			32,105

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4