2023-03-012024-02-292024-02-29false10027920Krowd Limited2024-10-24iso4217:GBPxbrli:pure100279202023-03-01100279202024-02-29100279202023-03-012024-02-29100279202022-03-01100279202023-02-28100279202022-03-012023-02-2810027920bus:SmallEntities2023-03-012024-02-2910027920bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910027920bus:FullAccounts2023-03-012024-02-2910027920bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910027920core:WithinOneYear2024-02-2910027920core:AfterOneYear2024-02-2910027920core:WithinOneYear2023-02-2810027920core:AfterOneYear2023-02-2810027920core:ShareCapital2024-02-2910027920core:SharePremium2024-02-2910027920core:RevaluationReserve2024-02-2910027920core:OtherReservesSubtotal2024-02-2910027920core:RetainedEarningsAccumulatedLosses2024-02-2910027920core:ShareCapital2023-02-2810027920core:SharePremium2023-02-2810027920core:RevaluationReserve2023-02-2810027920core:OtherReservesSubtotal2023-02-2810027920core:RetainedEarningsAccumulatedLosses2023-02-2810027920core:LandBuildings2024-02-2910027920core:PlantMachinery2024-02-2910027920core:Vehicles2024-02-2910027920core:FurnitureFittings2024-02-2910027920core:OfficeEquipment2024-02-2910027920core:NetGoodwill2024-02-2910027920core:IntangibleAssetsOtherThanGoodwill2024-02-2910027920core:ListedExchangeTraded2024-02-2910027920core:UnlistedNon-exchangeTraded2024-02-2910027920core:LandBuildings2023-02-2810027920core:PlantMachinery2023-02-2810027920core:Vehicles2023-02-2810027920core:FurnitureFittings2023-02-2810027920core:OfficeEquipment2023-02-2810027920core:NetGoodwill2023-02-2810027920core:IntangibleAssetsOtherThanGoodwill2023-02-2810027920core:ListedExchangeTraded2023-02-2810027920core:UnlistedNon-exchangeTraded2023-02-2810027920core:LandBuildings2023-03-012024-02-2910027920core:PlantMachinery2023-03-012024-02-2910027920core:Vehicles2023-03-012024-02-2910027920core:FurnitureFittings2023-03-012024-02-2910027920core:OfficeEquipment2023-03-012024-02-2910027920core:NetGoodwill2023-03-012024-02-2910027920core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910027920core:ListedExchangeTraded2023-03-012024-02-2910027920core:UnlistedNon-exchangeTraded2023-03-012024-02-2910027920core:MoreThanFiveYears2023-03-012024-02-2910027920core:Non-currentFinancialInstruments2024-02-2910027920core:Non-currentFinancialInstruments2023-02-2810027920dpl:CostSales2023-03-012024-02-2910027920dpl:DistributionCosts2023-03-012024-02-2910027920core:LandBuildings2023-03-012024-02-2910027920core:PlantMachinery2023-03-012024-02-2910027920core:Vehicles2023-03-012024-02-2910027920core:FurnitureFittings2023-03-012024-02-2910027920core:OfficeEquipment2023-03-012024-02-2910027920dpl:AdministrativeExpenses2023-03-012024-02-2910027920core:NetGoodwill2023-03-012024-02-2910027920core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910027920dpl:GroupUndertakings2023-03-012024-02-2910027920dpl:ParticipatingInterests2023-03-012024-02-2910027920dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910027920core:ListedExchangeTraded2023-03-012024-02-2910027920dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910027920core:UnlistedNon-exchangeTraded2023-03-012024-02-2910027920dpl:CostSales2022-03-012023-02-2810027920dpl:DistributionCosts2022-03-012023-02-2810027920core:LandBuildings2022-03-012023-02-2810027920core:PlantMachinery2022-03-012023-02-2810027920core:Vehicles2022-03-012023-02-2810027920core:FurnitureFittings2022-03-012023-02-2810027920core:OfficeEquipment2022-03-012023-02-2810027920dpl:AdministrativeExpenses2022-03-012023-02-2810027920core:NetGoodwill2022-03-012023-02-2810027920core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810027920dpl:GroupUndertakings2022-03-012023-02-2810027920dpl:ParticipatingInterests2022-03-012023-02-2810027920dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810027920core:ListedExchangeTraded2022-03-012023-02-2810027920dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810027920core:UnlistedNon-exchangeTraded2022-03-012023-02-2810027920core:NetGoodwill2024-02-2910027920core:IntangibleAssetsOtherThanGoodwill2024-02-2910027920core:LandBuildings2024-02-2910027920core:PlantMachinery2024-02-2910027920core:Vehicles2024-02-2910027920core:FurnitureFittings2024-02-2910027920core:OfficeEquipment2024-02-2910027920core:AfterOneYear2024-02-2910027920core:WithinOneYear2024-02-2910027920core:ListedExchangeTraded2024-02-2910027920core:UnlistedNon-exchangeTraded2024-02-2910027920core:ShareCapital2024-02-2910027920core:SharePremium2024-02-2910027920core:RevaluationReserve2024-02-2910027920core:OtherReservesSubtotal2024-02-2910027920core:RetainedEarningsAccumulatedLosses2024-02-2910027920core:NetGoodwill2023-02-2810027920core:IntangibleAssetsOtherThanGoodwill2023-02-2810027920core:LandBuildings2023-02-2810027920core:PlantMachinery2023-02-2810027920core:Vehicles2023-02-2810027920core:FurnitureFittings2023-02-2810027920core:OfficeEquipment2023-02-2810027920core:AfterOneYear2023-02-2810027920core:WithinOneYear2023-02-2810027920core:ListedExch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Krowd Limited

Registered Number
10027920
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Krowd Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

O El Rafii
B Qureshi

Registered Address

Wework
1 Fore Street Avenue
London
EC2Y 9DT

Registered Number

10027920 (England and Wales)
Krowd Limited
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,7403,760
5,7403,760
Current assets
Debtors4518,197318,163
Cash at bank and on hand236,12743,588
754,324361,751
Creditors amounts falling due within one year5(846,172)(401,595)
Net current assets (liabilities)(91,848)(39,844)
Total assets less current liabilities(86,108)(36,084)
Creditors amounts falling due after one year6(579,335)(519,106)
Net assets(665,443)(555,190)
Capital and reserves
Called up share capital11
Share premium1,680,0491,680,049
Profit and loss account(2,345,493)(2,235,240)
Shareholders' funds(665,443)(555,190)
The financial statements were approved and authorised for issue by the Board of Directors on 24 October 2024, and are signed on its behalf by:
O El Rafii
Director
Registered Company No. 10027920
Krowd Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Functional and presentation currency
The financial statements are presented in pound sterling (£), which is the company’s functional currency, and figures are rounded to the nearest whole pound.
Going concern
The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due, and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
There have been no significant judgements or estimates applied to the numbers contained within these financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the transaction providing that; the amount of revenue associated with the transaction can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, the stage of completion of the transaction can be measured reliably and the costs incurred or to be incurred in respect of completing the transaction can be measured reliably.
Defined contribution pension plan
The company operates a pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the statement of financial position. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each reporting period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
Current taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight line (years)
Office Equipment5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently,at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially,at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Related parties
During the year the company paid the directors £22,017. At the date of the financial statements the directors owed the company £ 20,335. The loans are interest free and repayable on demand.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 236,3336,333
Additions3,3483,348
At 29 February 249,6819,681
Depreciation and impairment
At 01 March 232,5732,573
Charge for year1,3681,368
At 29 February 243,9413,941
Net book value
At 29 February 245,7405,740
At 28 February 233,7603,760
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables509,591127,235
Other debtors6,439188,685
Prepayments and accrued income2,1672,243
Total518,197318,163
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables423,358120,644
Bank borrowings and overdrafts6,526-
Taxation and social security177,72233,726
Other creditors238,566247,225
Total846,172401,595
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts34,273-
Convertible loans545,062519,106
Total579,335519,106