Company Registration No. SC557204 (Scotland)
The Room Cloud Limited
Unaudited accounts
for the period from 1 March 2022 to 31 March 2023
The Room Cloud Limited
Unaudited accounts
Contents
The Room Cloud Limited
Company Information
for the period from 1 March 2022 to 31 March 2023
Directors
Antony Fryer
Elizabeth Fryer
Company Number
SC557204 (Scotland)
Registered Office
10 Binniehill Road
Cumbernauld
Glasgow
Lanarkshire
G68 9AJ
Scotland
Accountants
SYKAM & Co
19 Greek Thomson Road
Balfron
Glasgow
G63 0RE
The Room Cloud Limited
Statement of financial position
as at 31 March 2023
Tangible assets
6,820
9,400
Investment property
430,000
420,000
Cash at bank and in hand
21,840
14,110
Creditors: amounts falling due within one year
(476,781)
(468,006)
Net current liabilities
(354,937)
(286,163)
Total assets less current liabilities
81,883
143,237
Creditors: amounts falling due after more than one year
(23,357)
(92,099)
Called up share capital
100
100
Profit and loss account
58,426
51,038
Shareholders' funds
58,526
51,138
For the period ending 31 March 2023 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by
Antony Fryer
Director
Company Registration No. SC557204
The Room Cloud Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 March 2023
The Room Cloud Limited is a private company, limited by shares, registered in Scotland, registration number SC557204. The registered office is 10 Binniehill Road, Cumbernauld, Glasgow, Lanarkshire, G68 9AJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
18,451
4,429
22,880
Disposals
(1,000)
-
(1,000)
At 31 March 2023
17,451
4,429
21,880
At 1 March 2022
9,051
4,429
13,480
Charge for the period
1,580
-
1,580
At 31 March 2023
10,631
4,429
15,060
At 31 March 2023
6,820
-
6,820
At 28 February 2022
9,400
-
9,400
Fair value at 1 March 2022
420,000
Net gain from fair value adjustments
10,000
The Room Cloud Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
-
4,000
Other debtors
100,004
163,733
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,467
3,384
Loans from directors
471,562
461,534
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the period the average number of employees was 0 (2022: 0).