Komodo Learning Ltd - Abbreviated accounts

Komodo Learning Ltd - Abbreviated accounts


Registered number
NI618190
Komodo Learning Ltd
Abbreviated Accounts
31 December 2014
Komodo Learning Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Komodo Learning Ltd for the period ended 31 December 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Komodo Learning Ltd for the period ended 31 December 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of Komodo Learning Ltd, as a body, in accordance with the terms of our engagement letter dated 23 June 2014. Our work has been undertaken solely to prepare for your approval the accounts of Komodo Learning Ltd and state those matters that we have agreed to state to the Board of Directors of Komodo Learning Ltd, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Komodo Learning Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Komodo Learning Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Komodo Learning Ltd. You consider that Komodo Learning Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Komodo Learning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
Simplicity Accounting
Chartered Accountant
25 Talbot Street
Cathedral Quarter
Belfast
BT1 2LD
6 January 2015
Komodo Learning Ltd
Registered number: NI618190
Abbreviated Balance Sheet
as at 31 December 2014
Notes 31/12/14 31/5/14
£ £
Current assets
Debtors 3,050 5,021
Cash at bank and in hand 11,035 7,742
14,085 12,763
Creditors: amounts falling due within one year (11,045) (8,779)
Net current assets 3,040 3,984
Net assets 3,040 3,984
Capital and reserves
Called up share capital 2 2 2
Profit and loss account 3,038 3,982
Shareholders' funds 3,040 3,984
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Gerard James McBreen
Director
Approved by the board on 6 January 2015
Komodo Learning Ltd
Notes to the Abbreviated Accounts
for the period ended 31 December 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover results from the provision of subscription access to an E-Learning facility. Subscription revenues are recognised evenly over the duration of the subscription period, where this is greater than one month.
2 Share capital Nominal 31/12/14 31/12/14 31/5/14
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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