Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29trueNo description of principal activity2023-03-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10019278 2023-03-01 2024-02-29 10019278 2022-03-01 2023-02-28 10019278 2024-02-29 10019278 2023-02-28 10019278 c:Director1 2023-03-01 2024-02-29 10019278 d:OfficeEquipment 2023-03-01 2024-02-29 10019278 d:OfficeEquipment 2024-02-29 10019278 d:OfficeEquipment 2023-02-28 10019278 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10019278 d:ComputerSoftware 2024-02-29 10019278 d:ComputerSoftware 2023-02-28 10019278 d:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 10019278 d:CurrentFinancialInstruments 2024-02-29 10019278 d:CurrentFinancialInstruments 2023-02-28 10019278 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10019278 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10019278 d:ShareCapital 2024-02-29 10019278 d:ShareCapital 2023-02-28 10019278 d:RetainedEarningsAccumulatedLosses 2024-02-29 10019278 d:RetainedEarningsAccumulatedLosses 2023-02-28 10019278 c:OrdinaryShareClass1 2023-03-01 2024-02-29 10019278 c:OrdinaryShareClass1 2024-02-29 10019278 c:FRS102 2023-03-01 2024-02-29 10019278 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10019278 c:FullAccounts 2023-03-01 2024-02-29 10019278 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10019278 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-03-01 2024-02-29 10019278 2 2023-03-01 2024-02-29 10019278 d:ComputerSoftware d:OwnedIntangibleAssets 2023-03-01 2024-02-29 10019278 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10019278









KEDOO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
KEDOO LTD
REGISTERED NUMBER: 10019278

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
18,363
-

Tangible assets
 5 
2,771
3,762

Current assets
  

Debtors: amounts falling due within one year
 6 
139,140
65,189

Cash at bank and in hand
  
894,135
682,192

  
1,033,275
747,381

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(995,002)
(734,293)

Net assets
  
 
 
59,407
 
 
16,850


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
59,406
16,849

  
59,407
16,850


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 27 November 2024.

K S Freeman
Director

The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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 Scott House, Suite 1, Waterloo Station, London, SE1 7LY.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Interest income

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

Page 2

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software
-
3
years

 
2.8

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.

Page 3

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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.

 
2.9

Debtors

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

 
2.10

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.

 
2.11

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Intangible assets






Computer software

£



Cost


Additions
23,610



At 29 February 2024

23,610



Amortisation


Charge for the year on owned assets
5,247



At 29 February 2024

5,247



Net book value



At 29 February 2024
18,363



At 28 February 2023
-



Page 5

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Office equipment

£



Cost 


At 1 March 2023
11,254


Additions
338


Disposals
(4,721)



At 29 February 2024

6,871



Depreciation


At 1 March 2023
7,492


Charge for the year on owned assets
1,329


Disposals
(4,721)



At 29 February 2024

4,100



Net book value



At 29 February 2024
2,771



At 28 February 2023
3,762

Page 6

 
KEDOO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
20,680
9,640

Other debtors
10,669
8,214

Accrued income
107,791
47,335

139,140
65,189



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
954,739
705,678

Other taxation and social security
16,809
15,665

Other creditors
9,204
-

Accruals
14,250
12,950

995,002
734,293



8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



9.


Controlling party

Olivier Bernard owns 100% of the share capital and is the ultimate controlling party of the company.
 
Page 7