Acorah Software Products - Accounts Production 14.5.601 false true true false 17 February 2023 28 February 2024 28 February 2024 14671418 Mr David Dabieh Mr Benjamin Cross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14671418 2023-02-16 14671418 2024-02-28 14671418 2023-02-17 2024-02-28 14671418 frs-core:CurrentFinancialInstruments 2024-02-28 14671418 frs-core:ShareCapital 2024-02-28 14671418 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14671418 frs-bus:PrivateLimitedCompanyLtd 2023-02-17 2024-02-28 14671418 frs-bus:FilletedAccounts 2023-02-17 2024-02-28 14671418 frs-bus:SmallEntities 2023-02-17 2024-02-28 14671418 frs-bus:AuditExempt-NoAccountantsReport 2023-02-17 2024-02-28 14671418 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-17 2024-02-28 14671418 frs-bus:Director1 2023-02-17 2024-02-28 14671418 frs-bus:Director2 2023-02-17 2024-02-28 14671418 frs-countries:EnglandWales 2023-02-17 2024-02-28
Registered number: 14671418
Cloud X Sound Limited
Financial Statements
For the Period 17 February 2023 to 28 February 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14671418
28 February 2024
Notes £ £
CURRENT ASSETS
Debtors 4 63,340
Cash at bank and in hand 91
63,431
Creditors: Amounts Falling Due Within One Year 5 (91,405 )
NET CURRENT ASSETS (LIABILITIES) (27,974 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,974 )
NET LIABILITIES (27,974 )
CAPITAL AND RESERVES
Called up share capital 6 2
Profit and Loss Account (27,976 )
SHAREHOLDERS' FUNDS (27,974)
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benjamin Cross
Director
14/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cloud X Sound Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14671418 . The registered office is 215 Lyham Road, London, SW2 5PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Debtors
28 February 2024
£
Due within one year
Trade debtors 25,478
Prepayments and accrued income 10,525
Other debtors 27,337
63,340
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
28 February 2024
£
Trade creditors 13,592
VAT 15,432
Other creditors 37,774
Accruals and deferred income 24,607
91,405
6. Share Capital
28 February 2024
£
Allotted, Called up and fully paid 2
Page 3