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Registered Number: 14664561
England and Wales

 

 

 

CLOUDBOUND LTD


Abridged Accounts
 


Period of accounts

Start date: 15 February 2023

End date: 28 February 2024
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 6,932 
6,932 
Current assets    
Debtors 17,150 
Cash at bank and in hand 20,658 
37,808 
Creditors: amount falling due within one year (44,640)
Net current assets (6,832)
 
Total assets less current liabilities 100 
Net assets 100 
 

Capital and reserves
   
Called up share capital 4 100 
Profit and loss account
Shareholders' funds 100 
 


For the period ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 October 2024 and were signed on its behalf by:


-------------------------------
Miss Sarah Gillie
Director
1
General Information
Cloudbound Ltd is a private company, limited by shares, registered in England and Wales, registration number 14664561, registration address 71-75 Shelton, Covent Garden, London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 2 Years Straight Line
Fixtures and Fittings 2 Years Straight Line
Computer Equipment 3 years Straight Line
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 15 February 2023      
Additions 4,048    880    6,702    11,630 
Disposals      
At 28 February 2024 4,048    880    6,702    11,630 
Depreciation
At 15 February 2023      
Charge for period 2,024    440    2,234    4,698 
On disposals      
At 28 February 2024 2,024    440    2,234    4,698 
Net book values
Closing balance as at 28 February 2024 2,024    440    4,468    6,932 
Opening balance as at 15 February 2023      


4.

Share Capital

Allotted, called up and fully paid
2024
£
100 Ordinary shares of £1.00 each 100 
100 

2