Kode Media Limited - Period Ending 2014-05-31

Registration number: 08083250

Kode Media Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

RMCA
Chartered Accountants
The Counting House
High Street
Tring
Herts
HP23 5TE

Kode Media Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Kode Media Limited
(Registration number: 08083250)
Abbreviated Balance Sheet at 31 May 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					-			14,000
Tangible fixed assets					19,680			8,487
					19,680			22,487
Current assets
Stocks					-			1,768
Debtors					114,446			20,826
Cash at bank and in hand					16,718			11,910
					131,164			34,504
Creditors: Amounts falling due within one year					(146,899)			(42,916)
Net current liabilities					(15,735)			(8,412)
Total assets less current liabilities					3,945			14,075
Provisions for liabilities					(3,920)			-
Net assets					25			14,075
Capital and reserves
Called up share capital		3			5			5
Profit and loss account					20			14,070
Shareholders' funds					25			14,075

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Kode Media Limited
(Registration number: 08083250)
Abbreviated Balance Sheet at 31 May 2014
......... continued

For the year ending 31 May 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 8 September 2014 and signed on its behalf by:

E Williams Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Kode Media Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

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 sale of goods and services to customers. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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
Plant and machinery	25% Reducing balance
Vehicle	25% Reducing balance
Fixtures and Fittings	15% Reducing balance
Equipment	15% Reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Kode Media Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 June 2013		14,000			9,985			23,985
Additions		-			14,651			14,651
Disposals		(14,000)			-			(14,000)
At 31 May 2014		-			24,636			24,636
Depreciation
At 1 June 2013		-			1,498			1,498
Charge for the year		-			3,458			3,458
At 31 May 2014		-			4,956			4,956
Net book value
At 31 May 2014		-			19,680			19,680
At 31 May 2013		14,000			8,487			22,487

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
5 Ordinary Shares of £1 each		5			5			5			5

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