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REGISTERED NUMBER: 10832994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023

FOR

The Social Media Cloud Ltd

The Social Media Cloud Ltd (Registered number: 10832994)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 July 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


The Social Media Cloud Ltd

COMPANY INFORMATION
for the period 1 July 2022 to 31 March 2023







Director: Miss A Sposito





Registered office: 2 Fern Close
Chaddlewood
Plympton
Plymouth
Devon
PL7 2JE





Registered number: 10832994 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

The Social Media Cloud Ltd (Registered number: 10832994)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 15,832 6,132

Current assets
Debtors 5 - 3,900
Cash at bank 11,912 16,193
11,912 20,093
Creditors
Amounts falling due within one year 6 3,336 6,109
Net current assets 8,576 13,984
Total assets less current liabilities 24,408 20,116

Provisions for liabilities 7 2,200 1,276
Net assets 22,208 18,840

Capital and reserves
Called up share capital 8 100 100
Retained earnings 22,108 18,740
Shareholders' funds 22,208 18,840

The Social Media Cloud Ltd (Registered number: 10832994)

BALANCE SHEET - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Miss A Sposito - Director


The Social Media Cloud Ltd (Registered number: 10832994)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 July 2022 to 31 March 2023

1. STATUTORY INFORMATION

The Social Media Cloud Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by the 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33.33% of written down value

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

The Social Media Cloud Ltd (Registered number: 10832994)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 July 2022 9,496
Additions 12,626
At 31 March 2023 22,122
Depreciation
At 1 July 2022 3,364
Charge for period 2,926
At 31 March 2023 6,290
Net book value
At 31 March 2023 15,832
At 30 June 2022 6,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,900

The Social Media Cloud Ltd (Registered number: 10832994)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2022 to 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 900 4,599
Social security and other taxes 247 -
Director's current account 1,337 1,030
Accrued expenses 852 480
3,336 6,109

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,200 1,276

Deferred
tax
£   
Balance at 1 July 2022 1,276
Provided during period 924
Balance at 31 March 2023 2,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed A Sposito the director and shareholder £1,337.

10. ULTIMATE CONTROLLING PARTY

The controlling party is the director, Miss A Sposito.