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REGISTERED NUMBER: 07357530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Cloud 10 Limited

Cloud 10 Limited (Registered number: 07357530)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cloud 10 Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: E Thomson
N Soothill





REGISTERED OFFICE: Bedford Heights
Bedford Accountants
Brickhill Drive
Bedford
Bedfordhsire
MK41 7PH





REGISTERED NUMBER: 07357530 (England and Wales)





ACCOUNTANTS: Bedford Accountants Limited
Bedford Heights
Brickhill Drive
Bedford
Bedfordshire
MK41 7PH

Cloud 10 Limited (Registered number: 07357530)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,377 19,757

CURRENT ASSETS
Debtors 5 92,585 148,273
Cash at bank and in hand 143,934 171,898
236,519 320,171
CREDITORS
Amounts falling due within one year 6 99,270 135,048
NET CURRENT ASSETS 137,249 185,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,626

204,880

CREDITORS
Amounts falling due after more than
one year

7

(17,498

)

(27,498

)

PROVISIONS FOR LIABILITIES (2,162 ) (3,754 )
NET ASSETS 128,966 173,628

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,866 173,528
128,966 173,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Cloud 10 Limited (Registered number: 07357530)

Statement of Financial Position - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:




E Thomson - Director



N Soothill - Director


Cloud 10 Limited (Registered number: 07357530)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Cloud 10 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. 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 18% on cost
Computer equipment - 33% on cost

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 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.

Cloud 10 Limited (Registered number: 07357530)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2022 87,021 6,670 93,691
Additions - 2,052 2,052
Disposals - (104 ) (104 )
At 31 August 2023 87,021 8,618 95,639
DEPRECIATION
At 1 September 2022 68,681 5,253 73,934
Charge for year 8,331 1,997 10,328
At 31 August 2023 77,012 7,250 84,262
NET BOOK VALUE
At 31 August 2023 10,009 1,368 11,377
At 31 August 2022 18,340 1,417 19,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 86,363 138,133
Prepayments 6,222 10,140
92,585 148,273

Cloud 10 Limited (Registered number: 07357530)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 25,060 31,821
Tax 22,737 48,187
Social security and other taxes 1,945 3,563
VAT 28,791 39,700
Other creditors 850 12
Directors' current accounts 9,887 1,765
99,270 135,048

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,498 17,498
17,498 27,498