Clipcrowd Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08958512 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

1 April 2015 to 31 October 2015

for

Clipcrowd Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B Bidwell

K Zylawy

REGISTERED OFFICE:

6-10 Dunston Street

London

E8 4EB

REGISTERED NUMBER:

08958512 (England and Wales)

ACCOUNTANTS:

Roffe Swayne

Chartered Accountants

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

CURRENT ASSETS

Debtors

35,417

1,991

Cash at bank

49,478

131

84,895

2,122

CREDITORS

Amounts falling due within one year

31,757

13,298

NET CURRENT ASSETS/(LIABILITIES)

53,138

(11,176

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,138

(11,176

)

CAPITAL AND RESERVES

Called up share capital

2

2,504

100

Share premium

149,491

-

Profit and loss account

(98,857

)

(11,276

)

SHAREHOLDERS' FUNDS

53,138

(11,176

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2015 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 15 December 2015 and were signed on its behalf by:

B Bidwell - Director

1.	ACCOUNTING POLICIES

Going concern

During the year the issue of new shares has provided the company with funding to meet its working

capital requirements. Following the launch of the product post year end, the company plans to raise

additional funds to support the expansion of the business. As a result, financial statements have been

prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Small Entities (effective January 2015).

Deferred tax

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

the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2015

value:

£

£

2,504

Ordinary Shares

£1

2,504

100

During the year, the following share transactions took place:

1,900 shares of £1 each were issued at par on 27 April 2015;

504 shares of £1 each were issued at a premium of £296.61 per share on 27 April 2015.