0 false false false false false false false false false true false false false false true true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,683 3,561 281 3,842 841 1,122 xbrli:pure xbrli:shares iso4217:GBP 10981608 2023-01-01 2023-12-31 10981608 2023-12-31 10981608 2022-12-31 10981608 2022-01-01 2022-12-31 10981608 2022-12-31 10981608 2021-12-31 10981608 core:PlantMachinery 2023-01-01 2023-12-31 10981608 bus:Director1 2023-01-01 2023-12-31 10981608 core:PlantMachinery 2022-12-31 10981608 core:PlantMachinery 2023-12-31 10981608 core:WithinOneYear 2023-12-31 10981608 core:WithinOneYear 2022-12-31 10981608 core:ShareCapital 2023-12-31 10981608 core:ShareCapital 2022-12-31 10981608 core:RetainedEarningsAccumulatedLosses 2023-12-31 10981608 core:RetainedEarningsAccumulatedLosses 2022-12-31 10981608 core:PlantMachinery 2022-12-31 10981608 bus:Director1 2022-12-31 10981608 bus:Director1 2023-12-31 10981608 bus:Director1 2021-12-31 10981608 bus:Director1 2022-12-31 10981608 bus:Director1 2022-01-01 2022-12-31 10981608 bus:SmallEntities 2023-01-01 2023-12-31 10981608 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10981608 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10981608 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10981608 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 10981608
VEDANTA CLOUD LIMITED
Filleted Unaudited Financial Statements
31 December 2023
VEDANTA CLOUD LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
841
1,122
Current assets
Cash at bank and in hand
22,553
29,770
Creditors: amounts falling due within one year
5
8,721
13,098
--------
--------
Net current assets
13,832
16,672
--------
--------
Total assets less current liabilities
14,673
17,794
--------
--------
Net assets
14,673
17,794
--------
--------
Capital and reserves
Called up share capital
100
1
Profit and loss account
14,573
17,793
--------
--------
Shareholders funds
14,673
17,794
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
Rajesh Kumar Marld
Director
Company registration number: 10981608
VEDANTA CLOUD LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Brainton Avenue, Feltham, TW14 0AY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Tangible assets
Plant and machinery
£
Cost
At 1 January 2023 and 31 December 2023
4,683
-------
Depreciation
At 1 January 2023
3,561
Charge for the year
281
-------
At 31 December 2023
3,842
-------
Carrying amount
At 31 December 2023
841
-------
At 31 December 2022
1,122
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
116
117
Other creditors
8,605
12,981
-------
--------
8,721
13,098
-------
--------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Rajesh Kumar Marld
( 10,581)
5,109
( 5,472)
--------
-------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Rajesh Kumar Marld
( 7,581)
( 3,000)
( 10,581)
-------
-------
--------
7. Related party transactions
The company was under the control of Rajesh Kumar Marld throughout the current year. Rajesh Kumar Marld is the managing director and majority shareholder.