Company Registration No. 4937918 (England and Wales)
UNCLOUDED LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
UNCLOUDED LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
UNCLOUDED LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,064
2,343
Current assets
Debtors
4
36,051
36,588
Cash at bank and in hand
6,626
6,366
42,677
42,954
Creditors: amounts falling due within one year
5
(2,777)
(2,244)
Net current assets
39,900
40,710
Total assets less current liabilities
41,964
43,053
Creditors: amounts falling due after more than one year
6
(261)
(888)
Net assets
41,703
42,165
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
40,703
41,165
Total equity
41,703
42,165

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 April 2024 and are signed on its behalf by:
Mr S R Hambly
Director
Company Registration No. 4937918
UNCLOUDED LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

Unclouded Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Mona Road, West Bridgford, Nottingham, Nottinghamshire, United Kingdom, NG2 5BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on cost
Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

UNCLOUDED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit..

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022
33,857
Additions
551
At 30 September 2023
34,408
Depreciation and impairment
At 1 October 2022
31,515
Depreciation charged in the year
829
At 30 September 2023
32,344
Carrying amount
At 30 September 2023
2,064
At 30 September 2022
2,343
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
780
360
Corporation tax recoverable
777
777
Other debtors
34,494
35,451
36,051
36,588
UNCLOUDED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
722
592
Taxation and social security
479
76
Other creditors
1,576
1,576
2,777
2,244
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
261
888
7
Directors' transactions

During the year the following loans to directors existed. The loans were interest free and repayable on demand.

Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr S R Hambly - Loan
12,077
107
(908)
11,276
Mrs E J Hambly - Loan
15,958
-
(156)
15,802
28,035
107
(1,064)
27,078
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