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Registration number: 06793856

Loud Cloud Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Loud Cloud Limited
(Registration number: 06793856)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Loud Cloud Limited
(Registration number: 06793856)

Company Information

Director

Mrs J A Johnson

Company secretary

Mrs J A Johnson

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Loud Cloud Limited
(Registration number: 06793856)

Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

1,124

Current assets

 

Cash at bank and in hand

 

-

57

Creditors: Amounts falling due within one year

6

(22,415)

(22,472)

Net current liabilities

 

(22,415)

(22,415)

Net liabilities

 

(22,415)

(21,291)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(22,515)

(21,391)

Total equity

 

(22,415)

(21,291)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mrs J A Johnson
Company secretary and director

 

Loud Cloud Limited
(Registration number: 06793856)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director has acknowledged the negative reserves at the balance sheet date, and has pledged to continue to support the company so it can meet its obligations as they arise. Therefore, the financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Office equipment

25% straight line basis

 

Loud Cloud Limited
(Registration number: 06793856)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Loud Cloud Limited
(Registration number: 06793856)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

16,196

1,863

18,059

At 31 January 2024

16,196

1,863

18,059

Depreciation

At 1 February 2023

15,072

1,863

16,935

Charge for the year

-

1,124

1,124

At 31 January 2024

15,072

2,987

18,059

Carrying amount

At 31 January 2024

1,124

(1,124)

-

At 31 January 2023

1,124

-

1,124

5

Debtors

2024
£

2023
£

Total current trade and other debtors

-

-

6

Creditors

2024
£

2023
£

Due within one year

Other creditors

22,415

22,222

Accrued expenses

-

250

22,415

22,472