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REGISTERED NUMBER: 06893393 (England and Wales)









CLOUDORIGIN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOUDORIGIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R J Hall





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 06893393 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,103 3,661
Tangible assets 5 838 815
3,941 4,476

CURRENT ASSETS
Debtors 6 42,835 67,478
Cash at bank 44,334 7,906
87,169 75,384
CREDITORS
Amounts falling due within one year 7 73,099 52,777
NET CURRENT ASSETS 14,070 22,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,011

27,083

CREDITORS
Amounts falling due after more than one
year

8

(16,511

)

(26,612

)

PROVISIONS FOR LIABILITIES 9 (193 ) (187 )
NET ASSETS 1,307 284

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,306 283
SHAREHOLDERS' FUNDS 1,307 284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

BALANCE SHEET - continued
30 APRIL 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 22 January 2025 and were signed by:





R J Hall - Director


CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Cloudorigin Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at fair value of the consideration received or receivable. Revenue represents amounts received from providing cloud computing consultancy.

Revenue from consultancy is recognised when services have been rendered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised on a straight-line basis over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 33% on cost and 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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 5,579
AMORTISATION
At 1 May 2023 1,918
Charge for year 558
At 30 April 2024 2,476
NET BOOK VALUE
At 30 April 2024 3,103
At 30 April 2023 3,661

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 482 7,730 8,212
Additions - 524 524
At 30 April 2024 482 8,254 8,736
DEPRECIATION
At 1 May 2023 240 7,157 7,397
Charge for year 120 381 501
At 30 April 2024 360 7,538 7,898
NET BOOK VALUE
At 30 April 2024 122 716 838
At 30 April 2023 242 573 815

CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,600 2,400
Other debtors 36,235 65,078
42,835 67,478

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,877 20,707
Trade creditors 3,723 -
Taxation and social security 37,768 23,687
Other creditors 7,731 8,383
73,099 52,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,511 26,612

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 193 187

Deferred
tax
£   
Balance at 1 May 2023 187
Provided during year 6
Balance at 30 April 2024 193

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

CLOUDORIGIN LIMITED (REGISTERED NUMBER: 06893393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
R J Hall
Balance outstanding at start of year 23,086 41,030
Amounts advanced 91,417 13,056
Amounts repaid (90,624 ) (31,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,879 23,086

Interest at the rate of 2.25% has been charged by the company on the loan to the director.