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REGISTERED NUMBER: 08175451 (England and Wales)












SILVER CLOUD TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SILVER CLOUD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08175451)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILVER CLOUD TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr A Brittlebank
Ms K Perbe





SECRETARY: Mr A Brittlebank





REGISTERED OFFICE: 85 Tottenham Court Road
London
London
W1T 4TQ





REGISTERED NUMBER: 08175451 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

SILVER CLOUD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08175451)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,433 14,216

CURRENT ASSETS
Debtors 5 56,529 98,118
Cash at bank 139,725 88,584
196,254 186,702
CREDITORS
Amounts falling due within one year 6 164,120 158,765
NET CURRENT ASSETS 32,134 27,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,567

42,153

CREDITORS
Amounts falling due after more than one
year

7

34,432

37,867
NET ASSETS 2,135 4,286

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,035 4,186
SHAREHOLDERS' FUNDS 2,135 4,286

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

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

The directors acknowledge their 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.

SILVER CLOUD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08175451)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




Mr A Brittlebank - Director



Ms K Perbe - Director


SILVER CLOUD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08175451)

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


1. STATUTORY INFORMATION

Silver Cloud Technologies 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.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SILVER CLOUD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08175451)

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


2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 1,523 39,290 40,813
Additions 561 - 561
At 31 August 2024 2,084 39,290 41,374
DEPRECIATION
At 1 September 2023 381 26,216 26,597
Charge for year 521 9,823 10,344
At 31 August 2024 902 36,039 36,941
NET BOOK VALUE
At 31 August 2024 1,182 3,251 4,433
At 31 August 2023 1,142 13,074 14,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 28,529 38,966
Director's Loan account - 49,206
Deferred tax asset - 7,606
Prepayments and accrued income 28,000 2,340
56,529 98,118

SILVER CLOUD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08175451)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,080 8,508
Trade creditors 38,752 97,125
Tax 74,113 29,913
Social security and other taxes 3,901 2,841
VAT 34,520 16,591
Other creditors 3,137 1,794
Directors' current accounts 117 -
Accrued expenses 3,500 1,993
164,120 158,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 5,523 15,436
Bank loans - 2-5 years 16,570 22,431
Bank loans more 5 yr by instal 12,339 -
34,432 37,867

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,339 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordrinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 4,186
Profit for the year 206,599
Dividends (208,750 )
At 31 August 2024 2,035