Cloud IX Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06045453 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Cloud IX Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs. P Uragallo

S J Uragallo

SECRETARY:

Mr. S J Uragallo

REGISTERED OFFICE:

Green Crofts

High Cross Lane East

Little Canfield

Great Dunmow

Essex

CM6 1SL

REGISTERED NUMBER:

06045453 (England and Wales)

ACCOUNTANTS:

David Reid Accountancy Ltd

Chartered Accountants

Unit 4 The Bardfield Centre

Great Bardfield

Braintree

Essex

CM7 4SL

FIXED ASSETS

Tangible assets

2

5,521

7,361

CURRENT ASSETS

Stocks

25,000

53,318

Debtors

8,090

8,090

Cash at bank and in hand

21,415

13,162

54,505

74,570

CREDITORS

Amounts falling due within one year

236,334

68,987

NET CURRENT (LIABILITIES)/ASSETS

(181,829

)

5,583

TOTAL ASSETS LESS CURRENT LIABILITIES

(176,308

)

12,944

CREDITORS

Amounts falling due after more than one year

-

168,244

NET LIABILITIES

(176,308

)

(155,300

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(176,408

)

(155,400

)

SHAREHOLDERS' FUNDS

(176,308

)

(155,300

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 December 2014 and were signed on its behalf by:

Mrs. P Uragallo - Director

S J Uragallo - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

41,259

DEPRECIATION

At 1 April 2013

33,898

Charge for year

1,840

At 31 March 2014

35,738

NET BOOK VALUE

At 31 March 2014

5,521

At 31 March 2013

7,361

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100