Cloudticks Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08508689 (England and Wales)

Financial Statements for the Year Ended 30 April 2022

for

Cloudticks Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Sivapriyan

SECRETARY:

Mrs J Sivapriyan

REGISTERED OFFICE:

4 Syrie Court

New Mossford Way

Barkingside

Essex

IG6 1FH

REGISTERED NUMBER:

08508689 (England and Wales)

ACCOUNTANTS:

MSR GROUP LTD

MSR House

329 Ley Street

Ilford

Essex

IG1 4AA

FIXED ASSETS

Tangible assets

4

370

CURRENT ASSETS

Debtors

5

40,587

CREDITORS

Amounts falling due within one year

6

11,449

NET CURRENT ASSETS

29,138

TOTAL ASSETS LESS CURRENT LIABILITIES

29,508

CREDITORS

Amounts falling due after more than one year

7

28,437

NET ASSETS

1,071

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

971

SHAREHOLDERS' FUNDS

1,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 January 2023 and were signed by:

S Sivapriyan - Director

1.	STATUTORY INFORMATION

Cloudticks 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

1,522

DEPRECIATION

At 1 May 2021

and 30 April 2022

1,152

NET BOOK VALUE

At 30 April 2022

370

At 30 April 2021

370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

40,587

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

11,450

Trade creditors

(1

)

11,449

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

28,437

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

28,437