Abbreviated Company Accounts - CLOUD9 TECHNOLOGY SOLUTIONS LIMITED

CLOUD9 TECHNOLOGY SOLUTIONS LIMITED - Company Information

Registered Number 08372431

CLOUD9 TECHNOLOGY SOLUTIONS LIMITED

Abbreviated Accounts

31 January 2016

CLOUD9 TECHNOLOGY SOLUTIONS LIMITED Registered Number 08372431

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	8,004	3,348
		8,004	3,348
Current assets
Stocks		10,957	17,999
Debtors		16,715	26,419
Cash at bank and in hand		3,127	8,577
		30,799	52,995
Creditors: amounts falling due within one year		(22,897)	(34,180)
Net current assets (liabilities)		7,902	18,815
Total assets less current liabilities		15,906	22,163
Provisions for liabilities		(1,601)	(670)
Total net assets (liabilities)		14,305	21,493
Capital and reserves
Called up share capital		100	100
Profit and loss account		14,205	21,393
Shareholders' funds		14,305	21,493

For the year ending 31 January 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 directors acknowledge their 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 Board on 5 October 2016

And signed on their behalf by:
N Ewer, Director

CLOUD9 TECHNOLOGY SOLUTIONS LIMITED Registered Number 08372431

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the value of sales excluding value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over their expected useful lives on the following bases:
Motor vehicles 20 % per annum straight line basis
Furniture and equipment 20 % per annum straight line basis
Fixtures and fittings 20 % per annum straight line basis
Computer equipment 20 % per annum straight line basis

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2Tangible fixed assets

	£
Cost
At 1 February 2015	5,263
Additions	6,032
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	11,295
Depreciation
At 1 February 2015	1,915
Charge for the year	1,376
On disposals	-
At 31 January 2016	3,291
Net book values
At 31 January 2016	8,004
At 31 January 2015	3,348