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REGISTERED NUMBER: 12951828 (England and Wales)















QLOUD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






QLOUD LTD (REGISTERED NUMBER: 12951828)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QLOUD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr S Ioakeim





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 12951828 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

QLOUD LTD (REGISTERED NUMBER: 12951828)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,087 8,946
Investments 5 100,000 -
109,087 8,946

CURRENT ASSETS
Debtors 6 56,630 12,672
Cash at bank 57,371 94,453
114,001 107,125
CREDITORS
Amounts falling due within one year 7 (10,540 ) (6,956 )
NET CURRENT ASSETS 103,461 100,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,548

109,115

CAPITAL AND RESERVES
Called up share capital 8 220,000 109,000
Retained earnings 9 (7,452 ) 115
SHAREHOLDERS' FUNDS 212,548 109,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

QLOUD LTD (REGISTERED NUMBER: 12951828)

BALANCE SHEET - continued
31 OCTOBER 2024


The 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.

The financial statements were approved by the director and authorised for issue on 30 November 2024 and were signed by:





Mr S Ioakeim - Director


QLOUD LTD (REGISTERED NUMBER: 12951828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Qloud Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

QLOUD LTD (REGISTERED NUMBER: 12951828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 November 2023 8,324 15,772 24,096
Additions 452 6,025 6,477
At 31 October 2024 8,776 21,797 30,573
DEPRECIATION
At 1 November 2023 4,670 10,480 15,150
Charge for year 1,027 5,309 6,336
At 31 October 2024 5,697 15,789 21,486
NET BOOK VALUE
At 31 October 2024 3,079 6,008 9,087
At 31 October 2023 3,654 5,292 8,946

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
Additions 100,000
At 31 October 2024 100,000
NET BOOK VALUE
At 31 October 2024 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,836 -
Directors' current accounts 39,794 12,672
56,630 12,672

QLOUD LTD (REGISTERED NUMBER: 12951828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax 1,587 5,964
VAT 8,953 992
10,540 6,956

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
19,800 Ordinary £1 19,800 8,900
200 Ordinary B £1 200 100
3,000 Ordinary C £50 150,000 100,000
1,000 Ordinary D £50 50,000 -
220,000 109,000

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary D Shares £50 50,000 -

The following shares were issued during the year for cash at par :

10,900 Ordinary shares of £1
100 Ordinary B shares of £1
1,000 Ordinary C shares of £50
1,000 Ordinary D shares of £50

9. RESERVES
Retained
earnings
£   

At 1 November 2023 115
Deficit for the year (7,567 )
At 31 October 2024 (7,452 )