| Komodo Learning Ltd |
| Registered number: |
NI618190 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,740 |
|
|
- |
|
| Current assets |
| Debtors |
|
|
3,946 |
|
|
3,050 |
| Cash at bank and in hand |
|
|
137,291 |
|
|
11,035 |
|
|
|
141,237 |
|
|
14,085 |
|
| Creditors: amounts falling due within one year |
|
|
(6,677) |
|
|
(11,045) |
|
| Net current assets |
|
|
|
134,560 |
|
|
3,040 |
|
| Net assets |
|
|
|
136,300 |
|
|
3,040 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
3 |
|
|
2 |
| Share premium |
|
|
|
255,113 |
|
|
- |
| Profit and loss account |
|
|
|
(118,816) |
|
|
3,038 |
|
| Shareholders' funds |
|
|
|
136,300 |
|
|
3,040 |
|
|
|
|
|
|
|
|
| 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 21 January 2016 |
|
| Komodo Learning Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computer equipment |
33% straight line |
|
Office equipment |
25% reducing balance |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
2,313 |
|
At 31 December 2015 |
2,313 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
573 |
|
At 31 December 2015 |
573 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
1,740 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.0001 each |
|
27,289 |
|
3 |
|
2 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£0.0001 each |
|
7,289 |
|
1 |
|
|
|
|
|
|
|
