KIE Trading Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08894963 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 14 FEBRUARY 2014 TO 28 FEBRUARY 2015

FOR

KIE TRADING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P J Lindley

SECRETARY:

2020 Secretarial Limited

REGISTERED OFFICE:

1 St. Andrew's Hill

London

EC4V 5BY

REGISTERED NUMBER:

08894963 (England and Wales)

ACCOUNTANTS:

2020 Chartered Accountants

1 St Andrew's Hill

London

EC4V 5BY

FIXED ASSETS

Intangible assets

2

225,000

CURRENT ASSETS

Debtors

137,194

Cash at bank

39,704

176,898

CREDITORS

Amounts falling due within one year

35,794

NET CURRENT ASSETS

141,104

TOTAL ASSETS LESS CURRENT LIABILITIES

366,104

CREDITORS

Amounts falling due after more than one year

260,000

NET ASSETS

106,104

CAPITAL AND RESERVES

Called up share capital

3

500,000

Profit and loss account

(393,896

)

SHAREHOLDERS' FUNDS

106,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 November 2015 and were signed by:

P J Lindley - Director

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Music licence

Trademarks and licences acquired are initially recognised at cost and are subsequently carried at cost less accumulated

amortisation and accumulated impairment losses. These costs are amortised to profit or loss using the straight line method

over 2 years, which is the shorter of their estimated useful lives and periods of contractual rights.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

450,000

At 28 February 2015

450,000

AMORTISATION

Amortisation for period

225,000

At 28 February 2015

225,000

NET BOOK VALUE

At 28 February 2015

225,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

500,000

Ordinary

£1

500,000

500,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.