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REGISTERED NUMBER: 07310045 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

STORM CLOUD NETWORKS LTD

STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: 07310045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STORM CLOUD NETWORKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr L Buttler





REGISTERED OFFICE: 6 Wilson Drive
Sutton Coldfield
West Midlands
B75 7PW





REGISTERED NUMBER: 07310045 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: 07310045)

BALANCE SHEET
31 JULY 2023

31.7.22 31.7.23
£    Notes £   
CURRENT ASSETS
18,950 Stocks 29,765
107,784 Debtors 5 129,054
126,734 158,819
CREDITORS
158,255 Amounts falling due within one year 6 196,222
(31,521 ) NET CURRENT LIABILITIES (37,403 )
(31,521 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,403

)

CREDITORS
50,000 Amounts falling due after more than one
year

7

48,511
(81,521 ) NET LIABILITIES (85,914 )

CAPITAL AND RESERVES
200 Called up share capital 200
(81,721 ) Retained earnings (86,114 )
(81,521 ) SHAREHOLDERS' FUNDS (85,914 )

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Mr L Buttler - Director


STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: 07310045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Storm Cloud Networks 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 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Totals fittings equipment
£    £    £   
COST
At 1 August 2022
and 31 July 2023 5,614 2,644 2,970
DEPRECIATION
At 1 August 2022
and 31 July 2023 5,614 2,644 2,970
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 129,054 107,784

STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: 07310045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 115,068 84,440
Trade creditors 24,389 24,732
Taxation and social security 9,730 11,638
Other creditors 47,035 37,445
196,222 158,255

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 48,511 50,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Long term loan 48,511 50,000