REGISTERED NUMBER: 07497266 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLOUDCONNX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R K Cottrill

J D Mathieson

SECRETARY:

Ms J K R Mccarthy-Penman

REGISTERED OFFICE:

Town Hall

Grove Road

Eastbourne

East Sussex

BN21 4UG

REGISTERED NUMBER:

07497266 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

68,597

62,879

Investments

4

25,000

25,000

93,597

87,879

CURRENT ASSETS

Debtors

5

160,510

298,607

Cash at bank

37,975

245,995

198,485

544,602

CREDITORS

Amounts falling due within one year

6

234,899

472,622

NET CURRENT (LIABILITIES)/ASSETS

(36,414

)

71,980

TOTAL ASSETS LESS CURRENT LIABILITIES

57,183

159,859

CREDITORS

Amounts falling due after more than one year

7

200,537

241,937

NET LIABILITIES

(143,354

)

(82,078

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(143,454

)

(82,178

)

(143,354

)

(82,078

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

J D Mathieson - Director

1.	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.

These financial statements have been prepared on the basis that the company has ceased to trade as of the balance sheet date. All known assets and liabilities arising at that date have been accounted for within the financial statements.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost, 20% on cost and 10% on cost

Computer equipment

-

33% 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.

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.

Investments in non tangible assets

Investments in non tangible assets are recognised at net realisable value with fair value being recognised in the profit and loss.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

209,295

3,650

212,945

Additions

8,365

147

8,512

Disposals

(112,656

)

(1,709

)

(114,365

)

At 31 March 2025

105,004

2,088

107,092

DEPRECIATION

At 1 April 2024

147,487

2,579

150,066

Charge for year

2,031

763

2,794

Eliminated on disposal

(112,656

)

(1,709

)

(114,365

)

At 31 March 2025

36,862

1,633

38,495

NET BOOK VALUE

At 31 March 2025

68,142

455

68,597

At 31 March 2024

61,808

1,071

62,879

4.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 April 2024

and 31 March 2025

25,000

NET BOOK VALUE

At 31 March 2025

25,000

At 31 March 2024

25,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,080

187,087

Amounts owed by group undertakings

3,288

1,584

Other debtors

1,557

2,000

Prepayments and accrued income

91,456

104,186

Accruals

19,129

3,750

160,510

298,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

41,790

41,720

Trade creditors

131,227

128,891

Social security and other taxes

1,465

3,066

VAT

7,935

49,552

Other creditors

209

209

Directors' loan accounts

18,090

25,890

Deferred income

27,785

221,845

Accrued expenses

6,398

1,449

234,899

472,622

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

41,790

41,720

Bank loans - 2-5 years

125,370

125,160

Bank loans more 5 yr by instal

33,377

75,057

200,537

241,937

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

33,377

75,057

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, J D Mathieson decreased his loan to the company. As at 31 March 2025, the company owed him £18,090 (2024: £25,890). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J D Mathieson.

This was by virtue of his 55% holding of the issued share capital.

10.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £61,276, and as at the year end the current liabilities exceeded current assets by £36,414.

The validity of this basis depends upon the continued support of Eastbourne Borough Council. The directors have confirmed that Eastbourne Borough Council will continue to give the required support to the company.