Downloaded from Datalog REGISTERED NUMBER: (England and Wales)

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1 REGISTERED NUMBER: (England and Wales) ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014 FOR STORM CLOUD NETWORKS LTD

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3 STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: ) CONTENTS OF THE ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014 Page Company Information 1 Abbreviated Balance Sheet 2 Notes to the Abbreviated Accounts 4

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5 STORM CLOUD NETWORKS LTD COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2014 DIRECTORS: M J Tyers Mrs S Tyers P E Hopper M P Smith L Buttler SECRETARY: Mrs S Tyers REGISTERED OFFICE: Unit 3 Manor Court Locking Weston super Mare North Somerset BS24 8BA REGISTERED NUMBER: (England and Wales) ACCOUNTANTS: Wynniatt-Husey Ltd Chartered Accountants The Old Coach House Horsefair Rugeley Staffordshire WS15 2EL

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7 STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: ) ABBREVIATED BALANCE SHEET 31 JULY Notes FIXED ASSETS 1,584 Tangible assets 2 1,668 CURRENT ASSETS 3,000 Stocks - 5,067 Debtors 11,237 5,626 Cash at bank 43,260 13,693 54,497 CREDITORS 15,036 Amounts falling due within one year 12,921 (1,343) NET CURRENT ASSETS/(LIABILITIES) 41, TOTAL ASSETS LESS CURRENT LIABILITIES 43,244 CREDITORS Amounts falling due after more than - one year 3 57, NET (LIABILITIES)/ASSETS (14,601) CAPITAL AND RESERVES 10 Called up share capital Profit and loss account (14,801) 241 SHAREHOLDERS' FUNDS (14,601) The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act The directors acknowledge their responsibilities for: ensuring that the company keeps accounting records which comply with Sections 386 and (a) 387 of the Companies Act 2006 and 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 (b) 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.

8 The notes form part of these abbreviated accounts Page 2 continued...

9 STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: ) ABBREVIATED BALANCE SHEET - continued 31 JULY 2014 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 10 September 2014 and were signed on its behalf by: M J Tyers - Director P E Hopper - Director

10 The notes form part of these abbreviated accounts Page 3

11 STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: ) 1. ACCOUNTING POLICIES NOTES TO THE ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014 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. Fixtures and fittings Computer equipment - 25% on cost - 33% on cost Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 2. TANGIBLE FIXED ASSETS Total COST At 1 August ,178 Additions 1,436 At 31 July ,614 DEPRECIATION At 1 August ,594 Charge for year 1,352 At 31 July ,946 NET BOOK VALUE At 31 July ,668 At 31 July , CREDITORS Creditors include the following debts falling due in more than five years: Repayable otherwise than by instalments 57, CALLED UP SHARE CAPITAL Allotted, issued and fully paid: Number: Class: Nominal value: 200 Ordinary

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13 STORM CLOUD NETWORKS LTD (REGISTERED NUMBER: ) NOTES TO THE ABBREVIATED ACCOUNTS - continued FOR THE YEAR ENDED 31 JULY CALLED UP SHARE CAPITAL - continued 190 Ordinary shares of 1.00 were issued during the year for cash of SOLVENCY Although the company is technically insolvent, the directors are confident that the position will be reversed within the next year. The company continues to be able to meet all its liabilities, as they become due, and so therefore it is a going concern. The directors have given their personal undertaking that no part of their loans will be repaid until the company is once again solvent.

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