Registered number: 08593792

Crowded Island Ltd

Director's report and financial statements

for the year ended 31 July 2015

Crowded Island Ltd

Contents

• Company information
• Director's report
• Profit and loss account
• Balance sheet
• Notes to the financial statements

Crowded Island Ltd

Company Information

Director	Hugo Amos
Company Number	08593792
Registered Office	Unit 11, Hove Business Centre Fonthill Road Hove East Sussex BN3 6HA
Accountants	Crunch Accounting Ltd Unit 11, Hove Business Centre Fonthill Road Hove East Sussex BN3 6HA
Business Address	Flat 1 Clifton Down Mansions 12 Upper Belgrave Road Bristol BS8 2XJ

Crowded Island Ltd

Director's report

for the financial year ended 31 July 2015.

The director presents their report and accounts for the year ended 31 July 2015.

Incorporation

The company was incorporated on 2 July 2013 and commenced trade on 2 July 2013.

Principal activities

The company's principal activity during the year continued to be marketing consultancy.

Directors

The director who served during the year is as stated below:

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the Board on 2 October 2016 and signed on its behalf by

Hugo Amos

Director

Crowded Island Ltd

Profit & Loss Account

for the year ended 31 July 2015

		2015		2014
	Notes	£		£
Income		4,500		75,922
Cost of Sales		-		(3,099)
Gross profit		4,500		72,823
Administrative expenses		(1,592)		(6,384)
Operating profit	2	2,908		66,439
Other interest receivable and similar income		3		-
Interest payable and similar charges	3	(85)		-
Profit on ordinary activities before taxation		2,826		66,439
Tax on profit on ordinary activities	4	(633)		(13,090)
Profit for the year		2,193		53,349
Retained profit brought forward		18,849		-
Reserve Movements		(3,037)		(34,500)
Retained profit carried forward		18,005		18,849

Crowded Island Ltd

Balance sheet

as at 31 July 2015

		2015		2014
	Notes	£	£	£	£
Fixed Assets
Tangible assets			674		1,012
Current Asset
Cash at bank and in hand		18,008		36,684
Debtors		-		225
		18,008		36,909
Creditors: amounts falling due within one year	8	(677)		(19,071)
Net current assets			17,331		17,838
Total assets less current liabilities			18,006		18,850
Net assets			18,006		18,850
Capital and reserves
Share Capital			1		1
Profit and loss account			18,005		18,849
Shareholder's funds			18,006		18,850

The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

Crowded Island Ltd

Registered number: 08593792

Balance sheet (continued)

Director's statements required by Sections 475(2) and (3)
for the year ended 31 July 2015

In approving these financial statements as director of the company I hereby confirm:

(a)	that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b)	that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 July 2015 ; and
(c)	that I acknowledge my responsibilities for:
	(1)	ensuring that the company keeps accounting records which comply with Section 386 ; and
	(2)	preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The financial statements were approved by the Board on 2 October 2016 and signed on its behalf by
Hugo Amos
Director

Crowded Island Ltd

Notes to the financial statements

for the year ended 31 July 2015

1	Accounting policies
1.1	Basis of preparation The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2	Turnover Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
1.3	Tangible fixed assets and depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
	Motor vehicles	25% straight line
	Equipment, fixtures and fittings	25% straight line
1.4	Stocks Stock is valued at the lower of cost and net realisable value.

		2015		2014
2	Operating profit	£		£
	This is stated after charging:
	Depreciation of owned fixed assets	338		338
		338		338

		2015		2014
3	Interest payable	£		£
	Interest payable	85		-
		85		-

		2015		2014
4	Taxation	£		£
	UK corporation tax	633		13,090
		633		13,090

5	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
		£		£		£
	Cost
	At 1 August 2014	1,350		-		1,350
	At 31 July 2015	1,350		-		1,350
	Depreciation
	At 1 August 2014	338		-		338
	Charge for the year	338		-		338
	At 31 July 2015	676		-		676
	Net book value
	At 31 July 2015	674		-		674
	At 31 July 2014	1,012		-		1,012

		2015		2014
7	Debtors	£		£
	Trade Debtors	-		225
		-		225

		2015		2014
8	Creditors: amounts falling due within one year	£		£
	Corporation tax	677		13,090
	Director's loan account for Hugo Amos	-		5,981
		677		19,071

9	Share capital	2015		2014		2015		2014
		No		No		£		£
	Allotted, called up and fully paid:
	Ordinary shares of £ 1 each	1		1		1		1

10	Profit and loss account	2015 £
	At 1 August 2014	18,849
	Profit for the year	2,193
	Dividends	(3,037)
	At 31 July 2015	18,005

		2015		2014
	Dividends	£		£
	Dividends for which the company became liable during the year:
	Dividends	3,037		34,500
		3,037		34,500

12	Controlling interest
	The controlling and ultimate controlling party is Hugo Amos, the director of the company, by virtue of the fact that he/she owns 100% of the issued share capital.

13	Going concern
	The director has reviewed the twelve months ahead and has considered the company's financial position and notes no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern.

Crowded Island Ltd

Detailed trading profit and loss account

for the year ended 31 July 2015

	2015				2014
	£		£		£		£
Income
Sales			4,500				75,922
			4,500				75,922
Cost of Sales
Purchases and Materials	-				3,099
	-				3,099
			-				(3,099)
Gross profit			4,500				72,823
Administrative expenses	1,592				6,384
			(1,592)				(6,384)
			2,908				66,439
Operating profit			2,908				66,439
Other income and expenses							-
Interest Receivable
Interest Receivable	3				-
			3				-
Interest payable
Bank Interest	85				-
			(85)				-
Net profit for the year			2,826				66,439

Crowded Island Ltd

Administrative expenses

for the year ended 31 July 2015

	2015		2014
	£		£
Administrative expenses
Use of Own Premises	208		224
Use of Personal Telephone	-		88
Public Transport	-		306
Subsistence (not entertaining)	-		5
Entertaining	-		23
Accountancy	979		900
Bad Debts	-		4,500
Equipment Depreciation	338		338
Bank Charges	67		-
	1,592		6,384