Registered number
12845610
Cloud Nine Baby Limited
Filleted Accounts
31 January 2024
Cloud Nine Baby Limited
Registered number: 12845610
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,233 6,558
Current assets
Stocks 29,688 23,188
Debtors 4 19,601 20,943
Cash at bank and in hand 9,689 20,875
58,978 65,006
Creditors: amounts falling due within one year 5 (58,242) (61,232)
Net current assets 736 3,774
Total assets less current liabilities 6,969 10,332
Provisions for liabilities (812) (688)
Net assets 6,157 9,644
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,156 9,643
Shareholder's funds 6,157 9,644
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kerry Haynes
Director
Approved by the board on 31 October 2024
Cloud Nine Baby Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Improvements to leasehold premises 20% straight line
Fixtures and fittings 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are recognised at the rate of exchange ruling at the date of the transaction.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Improvemt to Leasehold Premises Fixtures and fittings Total
£ £ £
Cost
At 1 February 2023 6,379 4,723 11,102
Additions - 2,179 2,179
At 31 January 2024 6,379 6,902 13,281
Depreciation
At 1 February 2023 2,552 1,992 4,544
Charge for the year 1,276 1,228 2,504
At 31 January 2024 3,828 3,220 7,048
Net book value
At 31 January 2024 2,551 3,682 6,233
At 31 January 2023 3,827 2,731 6,558
4 Debtors 2024 2023
£ £
Trade debtors 283 -
Other debtors 19,318 20,943
19,601 20,943
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,575 8,887
Taxation and social security costs 3,721 3,160
Other creditors 39,946 49,185
58,242 61,232
6 Other information
Cloud Nine Baby Limited is a private company limited by shares and incorporated in England. Its registered office is:
38 - 39 Bancroft
Hitchin
SG5 1LA
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