Abbreviated Company Accounts - CROWDLORDS LIMITED

CROWDLORDS LIMITED - Company Information

08868588 CROWDLORDS LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 08868588 2015-02-01 2016-01-31 08868588 2016-01-31 08868588 2015-01-31 08868588 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 08868588 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:Director3 2015-02-01 2016-01-31 uk-gaap-cd-bus:Director3 2016-01-31 uk-gaap-cd-bus:Director3 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 08868588

CROWDLORDS LIMITED

Abbreviated Accounts

31 January 2016

CROWDLORDS LIMITED Registered Number 08868588

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	30,941	18,124
Tangible assets	3	1,272	1,722
		32,213	19,846
Current assets
Debtors		5,945	3,240
Cash at bank and in hand		1,895	64,719
		7,840	67,959
Creditors: amounts falling due within one year		(5,536)	(82,588)
Net current assets (liabilities)		2,304	(14,629)
Total assets less current liabilities		34,517	5,217
Creditors: amounts falling due after more than one year		(232,041)	(6,817)
Total net assets (liabilities)		(197,524)	(1,600)
Capital and reserves
Called up share capital	4	38,400	38,400
Share premium account		144,000	144,000
Profit and loss account		(379,924)	(184,000)
Shareholders' funds		(197,524)	(1,600)

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 13 October 2016

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 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 January 2015.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment: 25% on straight line basis

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 £197,524. 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 one year from the date of approval of the financial statements.

Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction (or, if hedged forward, at the rate of exchange under the related forward currency contract). Monetary assets and liabilities denominated in foreign currencies are translated using the contracted rate or the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.

Taxation
The charge for taxation is based on the loss 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 required by FRS 19.

2Intangible fixed assets

	£
Cost
At 1 February 2015	18,124
Additions	12,817
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	30,941
Amortisation
At 1 February 2015	-
Charge for the year	-
On disposals	-
At 31 January 2016	-
Net book values
At 31 January 2016	30,941
At 31 January 2015	18,124

3Tangible fixed assets

	£
Cost
At 1 February 2015	1,800
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	1,800
Depreciation
At 1 February 2015	78
Charge for the year	450
On disposals	-
At 31 January 2016	528
Net book values
At 31 January 2016	1,272
At 31 January 2015	1,722

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

	2016 £	2015 £
384,000 Ordinary shares of £0.10 each	38,400	38,400

5Transactions with directors

Name of director receiving advance or credit:	O Stevens
Description of the transaction:	DLA
Balance at 1 February 2015:	£ 1,620
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 January 2016:	£ 1,620

There was no interest charged on these balances and there is no term for repayment.