Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10019278 2022-03-01 2023-02-28 10019278 2021-03-01 2022-02-28 10019278 2023-02-28 10019278 2022-02-28 10019278 c:Director1 2022-03-01 2023-02-28 10019278 d:OfficeEquipment 2022-03-01 2023-02-28 10019278 d:OfficeEquipment 2023-02-28 10019278 d:OfficeEquipment 2022-02-28 10019278 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10019278 d:CurrentFinancialInstruments 2023-02-28 10019278 d:CurrentFinancialInstruments 2022-02-28 10019278 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10019278 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10019278 d:ShareCapital 2023-02-28 10019278 d:ShareCapital 2022-02-28 10019278 d:RetainedEarningsAccumulatedLosses 2023-02-28 10019278 d:RetainedEarningsAccumulatedLosses 2022-02-28 10019278 c:OrdinaryShareClass1 2022-03-01 2023-02-28 10019278 c:OrdinaryShareClass1 2023-02-28 10019278 c:FRS102 2022-03-01 2023-02-28 10019278 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10019278 c:FullAccounts 2022-03-01 2023-02-28 10019278 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10019278









KEDOO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
KEDOO LTD
REGISTERED NUMBER: 10019278

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,762
5,069

Current assets
  

Debtors: amounts falling due within one year
 6 
65,189
14,096

Cash at bank and in hand
  
682,192
106,751

  
747,381
120,847

Creditors: amounts falling due within one year
 7 
(734,293)
(384,896)

Net current assets/(liabilities)
  
 
 
13,088
 
 
(264,049)

Net assets/(liabilities)
  
16,850
(258,980)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
16,849
(258,981)

  
16,850
(258,980)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2023.

K S Freeman
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Kedoo Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10019278 and its registered office address is The Annex, 3 High Street, Roade, United Kingdom, NN7 2NW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises of licence fee for contents, it distributes to various media platforms and is recognised when the fee becomes due.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

Page 2

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. 


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Tangible fixed assets





Office equipment

£



Cost 


At 1 March 2022
11,254



At 28 February 2023

11,254



Depreciation


At 1 March 2022
6,185


Charge for the year on owned assets
1,307



At 28 February 2023

7,492



Net book value



At 28 February 2023
3,762



At 28 February 2022
5,069

Page 5

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
9,640
11,797

Other debtors
8,214
2,299

Accrued income
47,335
-

65,189
14,096



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
705,678
373,196

Corporation tax
15,665
-

Accruals
12,950
11,700

734,293
384,896



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



9.


Controlling party

During the year, Olivier Bernard acquired all share capital of the company and became the ultimate controlling party.

 
Page 6