Koan Adventures Limited - Abbreviated accounts 16.1
Koan Adventures Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 August 2016 |
| for |
| Koan Adventures Limited |
| Previously known as |
| Koan Creative Limited |
| Koan Adventures Limited (Registered number: 08641729) |
| Previously known as Koan Creative Limited |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Koan Adventures Limited |
| Previously known as Koan Creative Limited |
| Company Information |
| for the Year Ended 31 August 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Koan Adventures Limited (Registered number: 08641729) |
| Previously known as Koan Creative Limited |
| Abbreviated Balance Sheet |
| 31 August 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Koan Adventures Limited (Registered number: 08641729) |
| Previously known as Koan Creative Limited |
| Abbreviated Balance Sheet - continued |
| 31 August 2016 |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| Koan Adventures Limited (Registered number: 08641729) |
| Previously known as Koan Creative Limited |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Going concern |
| The accounts have been prepared on a going concern basis which assumes that the company has |
| sufficient funds to continue to trade for the foreseeable future. Liabilities include interest free loans |
| from the directors of £94,936 and £170,500 from Koan (UK) Limited, a related party. Both parties |
| have indicated their willingness to continue to support the company and accordingly the accounts |
| have been prepared on the basis that the company is a going concern. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Development costs |
| Development costs of software are amortised over the expected life of the project of 3 years unless |
| the future of the project is uncertain in which case they are written off immediately. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they |
| relate. |
| Koan Adventures Limited (Registered number: 08641729) |
| Previously known as Koan Creative Limited |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| and 31 August 2016 |
| AMORTISATION |
| At 1 September 2015 |
| Amortisation for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |