REGISTERED NUMBER: 13402739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

FOR

CLOUD NETWORK SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Payne

Mr D F Cox

Miss H J Galloway

Mr J D Poole

REGISTERED OFFICE:

Unit 7 Blenheim Court

Brownfields

Welwyn Garden City

Hertfordshire

AL7 1AD

REGISTERED NUMBER:

13402739 (England and Wales)

FIXED ASSETS

Tangible assets

4

17,839

25,909

CURRENT ASSETS

Debtors

5

791,347

722,621

Cash at bank

236,942

147,524

1,028,289

870,145

CREDITORS

Amounts falling due within one year

6

(819,018

)

(915,834

)

NET CURRENT ASSETS/(LIABILITIES)

209,271

(45,689

)

TOTAL ASSETS LESS CURRENT LIABILITIES

227,110

(19,780

)

CREDITORS

Amounts falling due after more than one year

7

(226,784

)

(244,369

)

NET ASSETS/(LIABILITIES)

326

(264,149

)

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

26

(264,449

)

326

(264,149

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 4 August 2026 and were signed on its behalf by:

Mr A Payne - Director

Mr D F Cox - Director

Miss H J Galloway - Director

Mr J D Poole - Director

1.	STATUTORY INFORMATION

Cloud Network Services Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

Commission receivable by the company is recorded at the point of agreed customer deals, existing and new contracts, and is recognised to the limit that there is a right to consideration and is recorded at the value of the consideration due. This occurs at different stages throughout the contract from recognition on connection at the outset followed by monthly sums as the customer is connected.

Revenue from commissions is measured over the life of the specific contract and deferred accordingly when amounts are received in advance. The director has determined an average contract length of twenty seven months given an analysis of all contracts. Commission revenues are thus spread over this average contract length.

Where funds for handsets and ancillary mobile phone products are made available to customers at the inception of each contract, such funds are initially recognised as a liability with cost spread over the duration of the contract. In accordance with agreed terms, customers are able to draw down against this fund over the duration of the contract. Any element of the fund remaining at the termination of the contract is either released or transferred on renewal to a follow on contract.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

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.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern

Certain of the significant creditors of the company have given assurances to the company that they will not seek to redeem monies owed to them as at 31st May 2026 such that the company would not be able to continue as a going concern for a period of twelve months beyond the date of approval of the 2026 financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2025

18,459

8,757

18,500

8,051

53,767

Additions

-

545

-

765

1,310

At 31 May 2026

18,459

9,302

18,500

8,816

55,077

DEPRECIATION

At 1 June 2025

11,076

5,078

4,625

7,079

27,858

Charge for year

3,691

1,056

3,469

1,164

9,380

At 31 May 2026

14,767

6,134

8,094

8,243

37,238

NET BOOK VALUE

At 31 May 2026

3,692

3,168

10,406

573

17,839

At 31 May 2025

7,383

3,679

13,875

972

25,909

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

171,843

128,072

Other debtors

428,278

419,785

600,121

547,857

Amounts falling due after more than one year:

Other debtors

191,226

174,764

Aggregate amounts

791,347

722,621

Of the total debtors shown as due to the company as at 31st May 2026 £602,673 (2025: £522,044) related to prepaid telephony services to be released over the remaining terms of customer contracts.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

83,954

91,812

Taxation and social security

90,273

23,122

Other creditors

644,791

800,900

819,018

915,834

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

226,784

244,369

Of the total creditors shown as due from the company as at 31st May 2026 £751,547 (2025: £737,742) related to income derived from telephony services to be released over the remaining terms of customer contracts.