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Registered number: 14891604
Vcloud Tech (UK) Ltd
Unaudited Financial Statements
For the Period 24 May 2023 to 31 May 2024
More Group (Accounting) Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14891604
31 May 2024
Notes £ £
CURRENT ASSETS
Stocks 4 1,133
Debtors 5 46,922
Cash at bank and in hand 5,649
53,704
Creditors: Amounts Falling Due Within One Year 6 (54,688 )
NET CURRENT ASSETS (LIABILITIES) (984 )
TOTAL ASSETS LESS CURRENT LIABILITIES (984 )
NET LIABILITIES (984 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (1,084 )
SHAREHOLDERS' FUNDS (984)
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Muhammad Khan
Director
15/05/2025
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
Vcloud Tech (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14891604 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
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. 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. 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.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Stocks
31 May 2024
£
Stock 1,133
5. Debtors
31 May 2024
£
Due within one year
Trade debtors 42,742
Other debtors 4,180
46,922
6. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 1,055
Amounts owed to group undertakings 48,220
Other creditors 5,413
54,688
Page 2
Page 3
7. Share Capital
31 May 2024
Allotted, called up and fully paid £
1 Ordinary Shares of £ 100.00 each 100
8. Related Party Transactions
During the year, the company received an interest-free loan of £46,994 from Vcloud Tech US, an entity under common control through a shared director. Vcloud Tech US is incorporated in the United States of America and is located at 6860 Dallas Parkway, Suite 200, Plano, TX 75024-4242, USA. As at the balance sheet date, the full amount of £46,994 remains outstanding and is repayable on demand.
During the year, the company received an interest-free loan of £1,226 from Vcloud Choice, an entity under comman control through a shared director. Vcloud Choice is incorporated in the United States of America and is located at 6860 Dallas Parkway, Suite 200, Plano, TX 75024-4242, USA. As at the balance sheet date, the full amount of £1,226 remains outstanding and is repayable on demand.
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