Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-02-01falseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07115947 2023-02-01 2023-12-31 07115947 2022-01-01 2023-01-31 07115947 2023-12-31 07115947 2023-01-31 07115947 c:Director1 2023-02-01 2023-12-31 07115947 d:PlantMachinery 2023-02-01 2023-12-31 07115947 d:PlantMachinery 2023-12-31 07115947 d:PlantMachinery 2023-01-31 07115947 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 07115947 d:ComputerEquipment 2023-02-01 2023-12-31 07115947 d:ComputerEquipment 2023-12-31 07115947 d:ComputerEquipment 2023-01-31 07115947 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 07115947 d:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 07115947 d:CurrentFinancialInstruments 2023-12-31 07115947 d:CurrentFinancialInstruments 2023-01-31 07115947 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07115947 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07115947 d:ShareCapital 2023-12-31 07115947 d:ShareCapital 2023-01-31 07115947 d:RetainedEarningsAccumulatedLosses 2023-12-31 07115947 d:RetainedEarningsAccumulatedLosses 2023-01-31 07115947 c:FRS102 2023-02-01 2023-12-31 07115947 c:AuditExemptWithAccountantsReport 2023-02-01 2023-12-31 07115947 c:FullAccounts 2023-02-01 2023-12-31 07115947 c:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 07115947 2 2023-02-01 2023-12-31 07115947 e:PoundSterling 2023-02-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07115947









KOJO MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
KOJO MUSIC LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KOJO MUSIC LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kojo Music Limited for the period ended 31 December 2023 which comprise  the statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Kojo Music Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kojo Music Limited and state those matters that we have agreed to state to the director of Kojo Music Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kojo Music Limited and its director for our work or for this report. 

It is your duty to ensure that Kojo Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kojo Music Limited. You consider that Kojo Music Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Kojo Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
Chartered Accountants
  
124 Finchley Road
London
NW3 5JS
11 September 2024
Page 1

 
KOJO MUSIC LIMITED
REGISTERED NUMBER: 07115947

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
31 January
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,254
9,075

  
12,254
9,075

Current assets
  

Debtors: amounts falling due within one year
 5 
18,237
2,850

Cash at bank and in hand
 6 
139,718
124,712

  
157,955
127,562

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 7 
(82,127)
(77,082)

Net current assets
  
 
 
75,828
 
 
50,480

Total assets less current liabilities
  
88,082
59,555

  

Net assets
  
88,082
59,555


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
88,080
59,553

  
88,082
59,555


Page 2

 
KOJO MUSIC LIMITED
REGISTERED NUMBER: 07115947
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 period in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 11 September 2024.




C K Samuel
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
KOJO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Kojo Music Limited is a private company limited by shares incorporated in England and Wales. The registered office is 124 Finhcley Road, London, NW3 5JS.

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 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

The company's functional and presentational currency is GBP

 
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 from events is recognised when the event takes place.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

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. 

 
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.

Page 4

 
KOJO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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, see below.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Computer equipment
-
3 years straight line

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable.

Page 5

 
KOJO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

2023
2023
£
£

Wages and salaries
14,718
16,014

Cost of defined contribution scheme
60,000
40,000

74,718
56,014


The average monthly number of employees, including the director, during the period was as follows:


        2023
        2023
            No.
            No.







Employees
2
2


4.


Tangible fixed assets







Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
45,775
-
45,775


Additions
-
6,643
6,643



At 31 December 2023

45,775
6,643
52,418



Depreciation


At 1 February 2023
36,700
-
36,700


Charge for the period on owned assets
2,269
1,195
3,464



At 31 December 2023

38,969
1,195
40,164



Net book value



At 31 December 2023
6,806
5,448
12,254



At 31 January 2023
9,075
-
9,075

Page 6

 
KOJO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
31 January
2023
2023
£
£


Trade debtors
5,820
2,850

Other debtors
503
-

Prepayments and accrued income
11,914
-

18,237
2,850



6.


Cash and cash equivalents

31 December
31 January
2023
2023
£
£

Cash at bank and in hand
139,718
124,712

139,718
124,712



7.


Creditors: Amounts falling due within one year

31 December
31 January
2023
2023
£
£

Trade creditors
1,380
-

Other taxation and social security
39,893
33,846

Other creditors
40,854
39,156

Accruals and deferred income
-
4,080

82,127
77,082


Page 7

 
KOJO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £60,000 (January 2023: £40,000).


9.


Related party transactions

As at balance sheet date, the director is owed £40,699 (2023: £39,156) by the company.

 
Page 8