IRIS Accounts Production v24.3.2.46 10425971 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104259712023-10-31104259712024-10-31104259712023-11-012024-10-31104259712022-10-31104259712022-11-012023-10-31104259712023-10-3110425971ns15:EnglandWales2023-11-012024-10-3110425971ns14:PoundSterling2023-11-012024-10-3110425971ns10:Director12023-11-012024-10-3110425971ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3110425971ns10:SmallEntities2023-11-012024-10-3110425971ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3110425971ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3110425971ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110425971ns10:AbridgedAccounts2023-11-012024-10-3110425971ns10:Director22023-11-012024-10-3110425971ns10:RegisteredOffice2023-11-012024-10-3110425971ns5:CurrentFinancialInstruments2024-10-3110425971ns5:CurrentFinancialInstruments2023-10-3110425971ns5:Non-currentFinancialInstruments2024-10-3110425971ns5:Non-currentFinancialInstruments2023-10-3110425971ns5:ShareCapital2024-10-3110425971ns5:ShareCapital2023-10-3110425971ns5:RetainedEarningsAccumulatedLosses2024-10-3110425971ns5:RetainedEarningsAccumulatedLosses2023-10-3110425971ns5:ComputerEquipment2023-11-012024-10-31
REGISTERED NUMBER: 10425971 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CLOUDREASON LIMITED

CLOUDREASON LIMITED (REGISTERED NUMBER: 10425971)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CLOUDREASON LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Ms K J L Newnum
Mr M K Shanks





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10425971 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

CLOUDREASON LIMITED (REGISTERED NUMBER: 10425971)

ABRIDGED BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,173 1,175

CURRENT ASSETS
Debtors 111,791 25,225
Cash at bank 191,776 153,341
303,567 178,566
CREDITORS
Amounts falling due within one year 133,894 64,939
NET CURRENT ASSETS 169,673 113,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,846

114,802

CREDITORS
Amounts falling due after more than one
year

26,008

26,100
NET ASSETS 147,838 88,702

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 147,828 88,692
SHAREHOLDERS' FUNDS 147,838 88,702

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 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.

CLOUDREASON LIMITED (REGISTERED NUMBER: 10425971)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr M K Shanks - Director


CLOUDREASON LIMITED (REGISTERED NUMBER: 10425971)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Cloudreason 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
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.
Computer equipment - 33% on reducing balance

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

CLOUDREASON LIMITED (REGISTERED NUMBER: 10425971)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 11,605
Additions 4,752
At 31 October 2024 16,357
DEPRECIATION
At 1 November 2023 10,430
Charge for year 1,754
At 31 October 2024 12,184
NET BOOK VALUE
At 31 October 2024 4,173
At 31 October 2023 1,175