Kaminn Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC185171 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Kaminn Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J P Bogliolo

REGISTERED OFFICE:

117 - 121 High Street

Forres

Moray

IV36 1AB

REGISTERED NUMBER:

SC185171 (Scotland)

ACCOUNTANTS:

Braywood Ltd

35 Station Approach

West Byfleet

Surrey

KT14 6NF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,553

2,421

1,553

2,421

CURRENT ASSETS

Stocks

14,123

12,844

Debtors

6

72,753

146,365

Cash at bank

317,224

210,086

404,100

369,295

CREDITORS

Amounts falling due within one year

7

88,200

74,104

NET CURRENT ASSETS

315,900

295,191

TOTAL ASSETS LESS CURRENT LIABILITIES

317,453

297,612

CAPITAL AND RESERVES

Called up share capital

360

360

Share premium

277,496

277,496

Retained earnings

39,597

19,756

SHAREHOLDERS' FUNDS

317,453

297,612

317,453

297,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 October 2019 and were signed by:

T J P Bogliolo - Director

1.	STATUTORY INFORMATION

Kaminn Media Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

The director expects that trading over the next twelve months will generate positive cash flows and has therefore

continued to adopt the going concern basis of preparing the financial statements.

Turnover

Turnover includes sales and royalty income, all arising on ordinary activities.

Turnover relating to the sales of books and similar items is recognised on net sales of goods, excluding value

added tax.

Turnover relating to royalty income is recognised on net receipts, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2018

and 30 June 2019

26,269

AMORTISATION

At 1 July 2018

and 30 June 2019

26,269

NET BOOK VALUE

At 30 June 2019

-

At 30 June 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

7,021

DEPRECIATION

At 1 July 2018

4,600

Charge for year

868

At 30 June 2019

5,468

NET BOOK VALUE

At 30 June 2019

1,553

At 30 June 2018

2,421

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

72,275

101,070

Amounts recoverable on contract

-

30,303

Other debtors

478

14,992

72,753

146,365

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

784

2,894

Taxation and social security

12,664

4,823

Other creditors

74,752

66,387

88,200

74,104

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J P Bogliolo.