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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
Page
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KRU Entertainment UK Limited Company Information for the year ended 31 May 2023
Director
Mr E B A Halim
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
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KRU Entertainment UK Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,632 
6,624 
Current assets
Debtors
- 
31,800 
Cash at bank and in hand
15,091 
8,653 
15,091 
40,453 
Creditors: amounts falling due within one year
(15,465)
(13,902)
Net current (liabilities)/assets
(374)
26,551 
Net assets
5,258 
33,175 
Capital and reserves
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
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KRU Entertainment UK Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern - Covid 19
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
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 taxation
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.
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KRU Entertainment UK Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
9,921 
At 31 May 2023
9,921 
Depreciation
At 1 June 2022
3,297 
Charge for the year
992 
At 31 May 2023
4,289 
Net book value
At 31 May 2023
5,632 
At 31 May 2022
6,624 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
31,800 
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 
Accruals
2,000 
2,000 
15,465 
13,902 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr E B A Halim
Amount owing to director
8,351 
- 
189 
8,162 
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).
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