Cloudmaxa Limited - Period Ending 2016-03-31

Registration number: 08429234

Cloudmaxa Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

AIMS Accountants For Business
Montpelier Accountancy Limited
7 Montpelier
Quarndon
Derby
DE22 5JW

Cloudmaxa Limited
(Registration number: 08429234)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					386			482
Current assets
Stocks					1,785			1,785
Debtors					160			81
Cash at bank and in hand					-			459
					1,945			2,325
Creditors: Amounts falling due within one year					(20,353)			(20,549)
Net current liabilities					(18,408)			(18,224)
Total assets less current liabilities					(18,022)			(17,742)
Provisions for liabilities					(77)			(96)
Net liabilities					(18,099)			(17,838)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(18,199)			(17,938)
Shareholders' deficit					(18,099)			(17,838)

For the year ending 31 March 2016 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 director acknowledges his 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 director on 30 December 2016

.........................................
Ian Heap
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cloudmaxa Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

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
Office equipment	20% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 2

Cloudmaxa Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		752			752
At 31 March 2016		752			752
Depreciation
At 1 April 2015		270			270
Charge for the year		96			96
At 31 March 2016		366			366
Net book value
At 31 March 2016		386			386
At 31 March 2015		482			482

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3