IRC Cloud Ltd - Abbreviated accounts

Registered number

07417638

IRC Cloud Ltd

Abbreviated Accounts

31 March 2015

IRC Cloud Ltd
Registered number:		07417638
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		2,028			566

Current assets
Debtors		10,117			-
Cash at bank and in hand		108,607			165,302
		118,724			165,302

Creditors: amounts falling due within one year		(5,276)			(4,670)

Net current assets			113,448			160,632

Net assets			115,476			161,198

Capital and reserves
Called up share capital	3		243			233
Share premium			641,456			491,466
Profit and loss account			(526,223)			(330,501)

Shareholders' funds			115,476			161,198

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr R Jones
Director
Approved by the board on 8 December 2015

IRC Cloud Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line
	Motor vehicles			25% straight line

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					859
	Additions					2,226
	At 31 March 2015					3,085

	Depreciation
	At 1 April 2014					293
	Charge for the year					764
	At 31 March 2015					1,057

	Net book value
	At 31 March 2015					2,028
	At 31 March 2014					566


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.0001 each		2,000,000		200		200
	Seed Preferred shares	£0.0001 each		427,153		43		33
						243		233

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Seed Preferred shares	£0.0001 each		99,880		10