Kudos Investments Limited - Period Ending 2015-03-31

Registration number: 05638711

Kudos Investments Limited Unaudited Abbreviated Accounts for the Year Ended 31 March 2015

Kudos Investments Limited
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Kudos Investments Limited
(Registration number: 05638711)
Abbreviated Balance Sheet at 31 March 2015

	Note		2015						2014
	£			£			£			£
Fixed assets
Tangible fixed assets	2					160						398
Investments	2					-						44,044
						160						44,442
Current assets
Debtors			46,754						123,235
Cash at bank and in hand			18,272						4,501
			65,026						127,736
Creditors: Amounts falling due within one year			(23,318)						(23,365)
Net current assets						41,708						104,371
Net assets						41,868						148,813
Capital and reserves
Called up share capital	3		1,000						1,000
Profit and loss account			40,868						147,813
						41,868						148,813

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 23 December 2015

......................................... M A Shearer Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Kudos Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33 1/3% straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		715			44,044			44,759
Additions		-			11,021			11,021
Disposals		-			(55,065)			(55,065)
At 31 March 2015		715			-			715
Depreciation
At 1 April 2014		317			-			317
Charge for the year		238			-			238
At 31 March 2015		555			-			555
Net book value
At 31 March 2015		160			-			160
At 31 March 2014		398			44,044			44,442

Page 2

Kudos Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
M A Shearer
Directors loan account - interest is charged at a rate of 3.25% (2014 - 4%)	43,450	122,272	133,847	26,850

Page 3