January 2018 Accounts

Website Cryptocurrency Mining

January 2018 Accounts

February 8, 2018 Accounts Investors News 0

Cryptocurrency markets have been hit quite hard over the last month or so which has affected our holdings in BTC/ETH. The accounts are compiled to USD so movement in the cryptocurrency markets will affect our balance sheet and monthly P&L. Another thing to note is that our financial year is not January to December so the year to date figures include everything from when the company was formed.

Management Accounts (all figures USD)

Income Report

  Year to date
  $ $
     
Income    
Token Crowdsale    
USD   54,023
Ethereum   18,599
Bitcoin   4,382
Adsense for Search   56
     
Direct income expenses    
Purchases 40  
Domain names 0  
     
  40  
Gross Income   77,019
     
Less Overheads    
     
Office Rent 0  
Salaries 1,371  
Advertising 3,154  
Mileage Expenses 0  
Repairs and renewals 0  
Telephone Charges 0  
Stationery, Printing & Postage 84  
Server costs 8,154  
Insurance 0  
Paypal and Bank Charges 2,420  
Currency Exchange variation (13)  
Legal and accountancy fees 120  
Depreciation 0  
   
Total Overheads 15,291  
     
     
Net Income   61,728

 

Balance Sheet

  $ $
Fixed Assets    
     
Plant & Machinery 0  
Motor Vehicles 0  
Office Equipment 0  
    0
Current Assets    
     
   
Sundry Debtors 3,052  
Bank Account 1 36,088  
Bank Account 2 (279)  
Bitcoin/Ethereum 22,981  
Paypal account 1,531  
    63,374
Creditors    
Trade Creditors 0  
Sundry Creditors 0  
Loan Account 0  
Taxation 329  
     
    329
Net Current Assets   63,044
     
Creditors after one year    
Long Term Loan   0
     
Net Assets   63,044
     
     
Capital & Reserves    
     
Share Capital   1,316
Dividends Paid 0  
Profit & Loss 0  
Income Report 61,728  
    61,728
    63,044