Kode Media Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08083250 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Kode Media Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Fleming

J W Goodwin

A J Harman

N Killham

E T Williams

REGISTERED OFFICE:

41 Mitchell Street

London

EC1V 3QD

REGISTERED NUMBER:

08083250 (England and Wales)

FIXED ASSETS

Tangible assets

4

20,791

11,685

CURRENT ASSETS

Debtors

1,167,044

788,553

Cash at bank and in hand

229,788

(13,934

)

1,396,832

774,619

CREDITORS

Amounts falling due within one year

1,080,581

806,274

NET CURRENT ASSETS/(LIABILITIES)

316,251

(31,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

337,042

(19,970

)

CREDITORS

Amounts falling due after more than one year

(79,498

)

-

PROVISIONS FOR LIABILITIES

(3,950

)

(2,220

)

NET ASSETS/(LIABILITIES)

253,594

(22,190

)

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

253,589

(22,195

)

253,594

(22,190

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2020 and were signed on its behalf by:

E T Williams - Director

1.	STATUTORY INFORMATION

Kode Media Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

50% on cost, 33% on cost and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

52,657

Additions

14,121

At 31 December 2019

66,778

DEPRECIATION

At 1 January 2019

40,972

Charge for year

5,015

At 31 December 2019

45,987

NET BOOK VALUE

At 31 December 2019

20,791

At 31 December 2018

11,685

5.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £332,076 (2018: £100,457).

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2019 and the

period ended 31 December 2018:

31.12.19

31.12.18

£

£

M Fleming

Balance outstanding at start of year

62,454

54,450

Amounts advanced

167

8,004

Amounts repaid

(30,189

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,432

62,454

J W Goodwin

Balance outstanding at start of year

62,546

54,450

Amounts advanced

84

8,096

Amounts repaid

(30,189

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,441

62,546

A J Harman

Balance outstanding at start of year

62,463

54,450

Amounts advanced

281

8,013

Amounts repaid

(30,189

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,555

62,463

N Killham

Balance outstanding at start of year

62,200

54,450

Amounts advanced

183

7,750

Amounts repaid

(30,189

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,194

62,200

E T Williams

Balance outstanding at start of year

61,634

23,600

Amounts advanced

167

38,034

Amounts repaid

(30,372

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,429

61,634

No interest is payable on these loans.

7.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Casually En Route Limited, incorporated in England and Wales.

8.	SHARE-BASED PAYMENT TRANSACTIONS

The company set up an EMI scheme in the year. At the year end options over one share were outstanding. No

adjustments have been made to the profit and loss in relation to this.