Kode Media Ltd - Period Ending 2016-05-31

Registration number: 08083250

Kode Media Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

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

Kode Media Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Kode Media Ltd
(Registration number: 08083250)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					21,937			26,863
Current assets
Debtors					197,162			150,076
Cash at bank and in hand					30,054			10,969
					227,216			161,045
Creditors: Amounts falling due within one year					(238,449)			(223,280)
Net current liabilities					(11,233)			(62,235)
Total assets less current liabilities					10,704			(35,372)
Provisions for liabilities					(4,387)			(5,373)
Net assets/(liabilities)					6,317			(40,745)
Capital and reserves
Called up share capital		3			5			5
Profit and loss account					6,312			(40,750)
Shareholders' funds/(deficit)					6,317			(40,745)

For the year ending 31 May 2016 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 19 January 2017 and signed on its behalf by:

E T Williams Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Kode Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... 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 January 2015).

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
Fixtures and Fittings	15% reducing balance
Equipment	15% reducing balance / 33% straight line

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.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 2

Kode Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		39,191			39,191
Additions		2,925			2,925
At 31 May 2016		42,116			42,116
Depreciation
At 1 June 2015		12,328			12,328
Charge for the year		7,851			7,851
At 31 May 2016		20,179			20,179
Net book value
At 31 May 2016		21,937			21,937
At 31 May 2015		26,863			26,863

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
5 Ordinary Shares of £1 each		5			5			5			5

Page 3

Kode Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
J W Goodwin
A loan from the company which is repayable on demand	8,750	-	-	-
E T Williams
A loan from the company which is repayable on demand	8,750	-	-	-
N P Killham
A loan from the company which is repayable on demand	8,750	-	-	-
A J Harman
A loan from the company which is repayable on demand	8,750	-	-	-
M Fleming
A loan from the company which is repayable on demand	8,750	-	-	-

Page 4