Company Registration No. 13046988 (England and Wales)
CLOUD RETAIL LTD
Unaudited accounts
for the year ended 31 December 2024
CLOUD RETAIL LTD
Company Information
for the year ended 31 December 2024
Directors
Artur SHAMALOV
Alexander NEVINSKIY
Company Number
13046988 (England and Wales)
Registered Office
128 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
Best Solutions Consulting Ltd
BMLG.02, 10 Barley Mow Passage
London
W4 4PH
CLOUD RETAIL LTD
Statement of financial position
as at 31 December 2024
Intangible assets
1,894,003
1,380,064
Tangible assets
2,183
1,398
Cash at bank and in hand
121,432
523,777
Creditors: amounts falling due within one year
(50,496)
(62,619)
Net current assets
107,694
495,649
Net assets
2,003,880
1,877,111
Share premium
27,174,733
26,499,407
Capital redemption reserve
152,873
-
Capital contribution reserve
254
254
Profit and loss account
(25,323,980)
(24,622,550)
Shareholders' funds
2,003,880
1,877,111
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Artur SHAMALOV
Director
Company Registration No. 13046988
CLOUD RETAIL LTD
Notes to the Accounts
for the year ended 31 December 2024
CLOUD RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 13046988. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
5
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
CLOUD RETAIL LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Total
At 1 January 2024
1,605,345
At 31 December 2024
2,311,399
Charge for the year
192,115
At 31 December 2024
417,396
At 31 December 2024
1,894,003
At 31 December 2023
1,380,064
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 7 (2023: 9).