Registered number
09669756
Kau Media Group Ltd
Accounts
31 January 2023
Kau Media Group Ltd
Registered number: 09669756
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 30,777 22,198
Current assets
Debtors 5 286,164 153,507
Cash at bank and in hand 614,766 1,653,720
900,930 1,807,227
Creditors: amounts falling due within one year 6 (677,662) (825,096)
Net current assets 223,268 982,131
Net assets 254,045 1,004,329
Capital and reserves
Called up share capital 275,685 275,685
Capital Redemption Reserve 7 75,000 75,000
Profit and loss account (96,640) 653,644
Shareholders' funds 254,045 1,004,329
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Abid Masood
Director
Approved by the board on 26 October 2023
Kau Media Group Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tenant Refurbishment costs over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 23
3 Intangible fixed assets £
Platform development:
Cost
At 1 February 2022 15,749
At 31 January 2023 15,749
Amortisation
At 1 February 2022 15,749
At 31 January 2023 15,749
Net book value
At 31 January 2023 -
Platform development costs have been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Tenant Refurbish-ment costs Plant and machinery etc Furniture & Fittings Total
£ £ £ £
Cost
At 1 February 2022 87,976 68,672 67,812 224,460
Additions - 24,110 - 24,110
At 31 January 2023 87,976 92,782 67,812 248,570
Depreciation
At 1 February 2022 87,976 56,969 57,317 202,262
Charge for the year - 10,917 4,614 15,531
At 31 January 2023 87,976 67,886 61,931 217,793
Net book value
At 31 January 2023 - 24,896 5,881 30,777
At 31 January 2022 - 11,703 10,495 22,198
5 Debtors 2023 2022
£ £
Trade debtors 4,966 62,963
Other debtors 281,198 90,544
286,164 153,507
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 454,054 205,670
Taxation and social security costs 57,886 429,575
Other creditors 165,722 189,851
677,662 825,096
7 Capital Redemption Reserve 2023 2022
£ £
At 1 February 2022 75,000 -
Redemption of B Shares 15 shares of £5,000 each - 75,000
At 31 January 2023 75,000 75,000
8 Transaction with directors
During the year the company owed the directors £31,699 [2022 - £21,643]. The directors claimed business mileage of £10,169 [2022 - £10,824].
9 Controlling party
The company is controlled by Mr. Kashif Khokhar and Mr. Abid Masood by virtue of their majority shareholding in the issued share capital of ordinary shares of the company.
10 Other information
Kau Media Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Aircraft Factory
100 Cambridge Grove
Hammersmith
London
W6 0LE
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