Abbreviated Company Accounts - CROWDLORDS LIMITED

CROWDLORDS LIMITED - Company Information

08868588 CROWDLORDS LIMITED 2015-01-31 false 2014-01-30 2015-01-31 true 08868588 2014-01-30 2015-01-31 08868588 2015-01-31 08868588 uk-gaap-cd-bus:Director1 2014-01-30 2015-01-31 08868588 uk-gaap-cd-bus:Director2 2014-01-30 2015-01-31 uk-gaap-cd-bus:Director3 2014-01-30 2015-01-31 uk-gaap-cd-bus:Director3 2015-01-31 uk-gaap-cd-bus:Director4 2014-01-30 2015-01-31 uk-gaap-cd-bus:Director4 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-30 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 08868588

CROWDLORDS LIMITED

Abbreviated Accounts

31 January 2015

CROWDLORDS LIMITED Registered Number 08868588

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015
		£
Fixed assets
Intangible assets	2	18,124
Tangible assets	3	1,722
		19,846
Current assets
Debtors		3,240
Cash at bank and in hand		64,719
		67,959
Creditors: amounts falling due within one year		(82,588)
Net current assets (liabilities)		(14,629)
Total assets less current liabilities		5,217
Creditors: amounts falling due after more than one year		(6,817)
Total net assets (liabilities)		(1,600)
Capital and reserves
Called up share capital	4	38,400
Share premium account		144,000
Profit and loss account		(184,000)
Shareholders' funds		(1,600)

For the year ending 31 January 2015 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 30 October 2015

And signed on their behalf by:
R Bush, Director

CROWDLORDS LIMITED Registered Number 08868588

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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 represents amounts receivable for goods and services net of VAT.

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

Computer equipment - 25% straight line

Intangible assets amortisation policy
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website development - useful life from completion

Other accounting policies
Going concern

We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net liabilities of £1,600. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than year from the date of approval of the financial statements.

Taxation

The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
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 otherwise stated by FRS 19.

2Intangible fixed assets

	£
Cost
Additions	18,124
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	18,124
Amortisation
Charge for the year	-
On disposals	-
At 31 January 2015	-
Net book values
At 31 January 2015	18,124

3Tangible fixed assets

	£
Cost
Additions	1,800
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	1,800
Depreciation
Charge for the year	78
On disposals	-
At 31 January 2015	78
Net book values
At 31 January 2015	1,722

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
384,000 Ordinary shares of £0.10 each	38,400

5Transactions with directors

Name of director receiving advance or credit:	O Stevens
Description of the transaction:	Loan
Balance at 30 January 2014:	-
Advances or credits made:	£ 1,620
Advances or credits repaid:	-
Balance at 31 January 2015:	£ 1,620

Name of director receiving advance or credit:	S Page
Description of the transaction:	Loan
Balance at 30 January 2014:	-
Advances or credits made:	£ 1,620
Advances or credits repaid:	-
Balance at 31 January 2015:	£ 1,620

No interest charged and no repayment terms.