Registered Number
:
08537216
|
For the year ended 31 May 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2020
The Oncrowd Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
The Oncrowd Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
818
340
2
818
340
Trade and other receivables
|
8,980
4,448
3
-
Cash and cash equivalents
|
10,553
15,001
8,980
Trade and other payables
:
amounts falling due within one
|
year
|
(20,177)
(43,211)
4
(11,197)
(28,210)
Net current liabilities
Total assets less current liabilities
|
(27,392)
(10,857)
Trade and other payables
:
amounts falling due after more
|
than one year
|
(110,650)
(104,150)
5
(131,542)
Net liabilities
(121,507)
100
100
(131,642)
(121,607)
(131,542)
(121,507)
Shareholders' funds
For the year ended 31 May 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 13 July 2021 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 May 2020
The Oncrowd Ltd
Notes to the Financial Statements
Statutory Information
The Oncrowd Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
08537216
.
|
Principal place of business
:
|
48 The Broadway,
Leigh-on-Sea
Essex
SS9 1AG
23 Robjohns Raod
Widford Estate
Chelmsford
Essex
CM1 3AG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 May 2020
The Oncrowd Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
3,761
3,268
493
750
750
-
493
4,018
4,511
Provision for depreciation and impairment
|
3,421
3,268
153
Charge for year
272
187
85
3,693
3,455
238
255
563
818
340
-
340
3
.
Trade and other receivables
|
2019
2020
3,634
3,402
814
5,578
8,980
4,448
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
-
2,377
5,940
-
Taxation and social security
|
21,850
12,710
15,421
5,090
43,211
20,177
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
104,150
110,650
3 of 4
For the year ended 31 May 2020
The Oncrowd Ltd
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 0 (2019 : 4)
4 of 4