Registered number
09669756
Kau Media Group Ltd
Filleted Accounts
31 January 2024
Kau Media Group Ltd
Registered number: 09669756
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 28,790 30,777
Current assets
Debtors 5 141,971 286,164
Cash at bank and in hand 421,642 614,766
563,613 900,930
Creditors: amounts falling due within one year 6 (353,675) (677,662)
Net assets 209,938 223,268
Net assets 238,728 254,045
Capital and reserves
Called up share capital 275,685 275,685
Capital Redemption Reserve 7 75,000 75,000
Profit and loss account (111,957) (96,640)
Shareholders' funds 238,728 254,045
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 4 June 2024
Kau Media Group Ltd
Notes to the Accounts
for the year ended 31 January 2024
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 2024 2023
Number Number
Average number of persons employed by the company 24 25
3 Intangible fixed assets £
Platform development:
Cost
At 1 February 2023 15,749
At 31 January 2024 15,749
Amortisation
At 1 February 2023 15,749
At 31 January 2024 15,749
Net book value
At 31 January 2024 -
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 2023 87,976 92,782 67,812 248,570
Additions - 11,590 - 11,590
At 31 January 2024 87,976 104,372 67,812 260,160
Depreciation
At 1 February 2023 87,976 67,886 61,931 217,793
Charge for the year - 10,647 2,930 13,577
At 31 January 2024 87,976 78,533 64,861 231,370
Net book value
At 31 January 2024 - 25,839 2,951 28,790
At 31 January 2023 - 24,896 5,881 30,777
5 Debtors 2024 2023
£ £
Trade debtors 31,559 4,966
Other debtors 110,412 281,198
141,971 286,164
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 94,169 454,054
Taxation and social security costs 179,675 57,886
Other creditors 79,831 165,722
353,675 677,662
7 Capital Redemption Reserve 2024 2023
£ £
At 1 February 2023 75,000 75,000
At 31 January 2024 75,000 75,000
8 Transaction with directors
During the year the company owed the directors £41,767 [2023 - £31,699]. The directors claimed business mileage of £10,068 [2023 - £10,169].
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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