KUDOS_ONE_MEDIA_LIMITED - Accounts

KUDOS ONE MEDIA LIMITED - Company Information

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Company Registration No. 07261221 (England and Wales)

KUDOS ONE MEDIA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

KUDOS ONE MEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

KUDOS ONE MEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

Current assets

Cash at bank and in hand

Creditors: amounts falling due within one year

(1,273)

Total assets less current liabilities

(1,260)

Creditors: amounts falling due after more than one year

(7,367)

(8,627)

Capital and reserves

Called up share capital

Profit and loss account

(8,629)

Shareholders' funds

(8,627)

Audit exemption statement

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 27 February 2017

J Lawer

Director

Company Registration No. 07261221

KUDOS ONE MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Despite having net liabilities, the director has confirmed he will continue to support the company for at least twelve months from the date of approval of the financial statements. Accordingly, the accounts have been prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixed assets

Tangible assets

Cost

At 1 June 2015 & at 31 May 2016

1,831

Depreciation

At 1 June 2015 & at 31 May 2016

1,831

Net book value

At 31 May 2016

At 31 May 2015

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each