Company Registration No. 11384184 (England and Wales)
KRU Entertainment UK Limited
Unaudited Financial Statements
for the year ended 31 May 2023
KRU Entertainment UK Limited
Unaudited Financial Statements
Contents
KRU Entertainment UK Limited
Company Information
for the year ended 31 May 2023
Company Number
11384184 (England and Wales)
Registered Office
49 Bamford Way
Rochdale
OL11 5NB
ENGLAND
Accountants
Adelita Shah Chartered Accountants
1 Monks Pond Street
Northampton
NN1 2LF
KRU Entertainment UK Limited
Statement of financial position
as at 31 May 2023
Tangible assets
5,632
6,624
Cash at bank and in hand
15,091
8,653
Creditors: amounts falling due within one year
(15,465)
(13,902)
Net current (liabilities)/assets
(374)
26,551
Called up share capital
1
1
Profit and loss account
5,257
33,174
Shareholders' funds
5,258
33,175
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2024 and were signed on its behalf by
Mr E B A Halim
Director
Company Registration No. 11384184
KRU Entertainment UK Limited
Notes to the Accounts
for the year ended 31 May 2023
KRU Entertainment UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11384184. The registered office is 49 Bamford Way, Rochdale , OL11 5NB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The total current assets exceed total current liabilities at year end. It is on this basis that the accounts have been prepared on a going concern basis.
The director remains confident that the turnover will increase in the coming months.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
10% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
KRU Entertainment UK Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,303
3,551
Loans from directors
8,162
8,351
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amount owing to director
8,351
-
189
8,162
The Director, Mr E B A Halim maintains a loan account with the company. During the course of the year Mr E B A Halim repaid the company £189. The balance owed to the Director at the end of the year was £8,162. All loans made to the company are repayable on demand with 0% interest.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).