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Company registration number: 09071182
Crowdoscope Ltd
Unaudited filleted financial statements
30 June 2023
Crowdoscope Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Crowdoscope Ltd
Directors and other information
Director M Silverman
Company number 09071182
Registered office 30 Colenso Road
London
E5 0SL
Accountants Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
Crowdoscope Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Crowdoscope Ltd
Year ended 30 June 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
6 February 2024
Crowdoscope Ltd
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 4 1 1
_______ _______
1 1
Current assets
Cash at bank and in hand 13,624 8,296
_______ _______
13,624 8,296
Creditors: amounts falling due
within one year 5 ( 50) ( 50)
_______ _______
Net current assets 13,574 8,246
_______ _______
Total assets less current liabilities 13,575 8,247
_______ _______
Net assets 13,575 8,247
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,475 8,147
_______ _______
Shareholders funds 13,575 8,247
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 February 2024 , and are signed on behalf of the board by:
M Silverman
Director
Company registration number: 09071182
Crowdoscope Ltd
Statement of changes in equity
Year ended 30 June 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 100 8,165 8,265
Profit/(loss) for the year ( 18) ( 18)
_______ _______ _______
Total comprehensive income for the year - ( 18) ( 18)
_______ _______ _______
At 30 June 2022 and 1 July 2022 100 8,147 8,247
Profit/(loss) for the year 11,828 11,828
_______ _______ _______
Total comprehensive income for the year - 11,828 11,828
Dividends paid and payable ( 6,500) ( 6,500)
_______ _______ _______
Total investments by and distributions to owners - ( 6,500) ( 6,500)
_______ _______ _______
At 30 June 2023 100 13,475 13,575
_______ _______ _______
Crowdoscope Ltd
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 30 Colenso Road, London, E5 0SL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Combined other intangible assets - 25 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
4. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 July 2022 and 30 June 2023 252,572 252,572
_______ _______
Amortisation
At 1 July 2022 and 30 June 2023 252,571 252,571
_______ _______
Carrying amount
At 30 June 2023 1 1
_______ _______
At 30 June 2022 1 1
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 50 50
_______ _______
6. Controlling party
The company is controlled by its Director, Mr M Silverman , who controls 100% of the issued share capital.