Cloudrisk Limited - Period Ending 2014-12-31

Registration number: 07889348

Cloudrisk Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Beever and Struthers
Chartered Accountants
St George's House
215 - 219 Chester Road
Manchester
England
M15 4JE

Cloudrisk Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cloudrisk Limited
(Registration number: 07889348)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					80			2,674
Current assets
Debtors					13,137			1,770
Cash at bank and in hand					6,735			114
					19,872			1,884
Creditors: Amounts falling due within one year					(173,454)			(119,994)
Net current liabilities					(153,582)			(118,110)
Net liabilities					(153,502)			(115,436)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(153,602)			(115,536)
Shareholders' deficit					(153,502)			(115,436)

For the year ending 31 December 2014 the company was entitled to exemption 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 25 September 2015 and signed on its behalf by:

......................................... Mr PG Neykov Director

......................................... Mr VS Velkov Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Cloudrisk Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% Straight line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Cloudrisk Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		7,862			7,862
At 31 December 2014		7,862			7,862
Depreciation
At 1 January 2014		5,188			5,188
Charge for the year		2,594			2,594
At 31 December 2014		7,782			7,782
Net book value
At 31 December 2014		80			80
At 31 December 2013		2,674			2,674

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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