Company Registration No. 13762476 (England and Wales)
CLOUDOLOGIX LIMITED
Unaudited accounts
for the period from 1 December 2022 to 31 December 2023
CLOUDOLOGIX LIMITED
Unaudited accounts
Contents
CLOUDOLOGIX LIMITED
Company Information
for the period from 1 December 2022 to 31 December 2023
Directors
Anil Kumar Agarwal
Rahul Doal
Secretary
Anil Kumar Agarwal
Company Number
13762476 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
UNITED KINGDOM
Accountants
A1 Accountax
Gilbert Wakefield House
67 Bewsey Street
Warrington
Cheshire
WA2 7JQ
CLOUDOLOGIX LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
371,433
141,005
Creditors: amounts falling due within one year
(284,683)
(71,070)
Net current assets
203,361
83,015
Net assets
221,661
100,353
Called up share capital
4
431
Profit and loss account
221,657
99,922
Shareholders' funds
221,661
100,353
For the period ending 31 December 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 11 September 2024 and were signed on its behalf by
Anil Kumar Agarwal
Director
Company Registration No. 13762476
CLOUDOLOGIX LIMITED
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
CLOUDOLOGIX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13762476. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, UNITED KINGDOM.
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.
These financial statements for the period from 1 December 2022 to 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 24 November 2021
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:
Plant & machinery
33.33% straight line method
4
Tangible fixed assets
Plant & machinery
5
Investments
Other investments
Valuation at 1 December 2022
16,662
Valuation at 31 December 2023
16,662
CLOUDOLOGIX LIMITED
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
Amounts falling due within one year
Trade debtors
82,260
13,080
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
170,388
7,070
Taxes and social security
63,386
23,264
Loans from directors
-
3,163
During the year, the company made a loan to its director(s) of £33,663 the opening balance was £0 and closing balance is £33,663. The loan is subject to HMRC official rate of interest of 2% and repayable on demand. Other debtors include a director's loan of £33,663.
9
Average number of employees
During the period the average number of employees was 1 (2022: 0).
10
Reconciliations on adoption of FRS 102
The company no longer meets the criteria for reporting as a micro-entity under FRS 105. As a result, these financial statements have been prepared in accordance with FRS 102 Section 1A for the first time.
The transition from FRS 105 to FRS 102 Section 1A did not result in any changes to the comparative figures presented in these financial statements. The prior year's accounts were prepared under FRS 105, and the transition has been made seamlessly without the need for restatement of the prior period figures.