REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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KUDOS INNOVATIONS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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KUDOS INNOVATIONS LIMITED |
KUDOS INNOVATIONS LIMITED (REGISTERED NUMBER: 08642156) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
KUDOS INNOVATIONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Management Accountants |
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KUDOS INNOVATIONS LIMITED (REGISTERED NUMBER: 08642156) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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KUDOS INNOVATIONS LIMITED (REGISTERED NUMBER: 08642156) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Other income |
Other income represents grants receivable. |
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Tangible fixed assets |
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Office equipment | - |
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Computer equipment | - |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Going concern |
The financial statements have been prepared on a going concern basis. The company incurred losses during the |
year however the directors have been successful in attracting investment both during the year and since the year |
end. The directors are therefore of the opinion that they should continue to adopt the going concern basis of |
accounting in preparing the financial statements. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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KUDOS INNOVATIONS LIMITED (REGISTERED NUMBER: 08642156) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary shares | £0.00001 |
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The Ordinary share capital of £116 is divided into the following classes. |
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Ordinary shares 9,000,000 shares of £0.00001 each |
A1 Ordinary shares 1,800,073 shares of £0.00001 each |
A2 Ordinary shares 785,294 shares of £0.00001 each |
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On 25 March 2015, the company sub divided its issued share capital of 45 A Ordinary and 45 B Ordinary £1 |
shares into 4,500,000 A Ordinary £0.00001 and 4,500,000 B Ordinary £0.00001 shares. On the same date, the |
company re-designated A Ordinary and B Ordinary shares into Ordinary shares. No consideration was received |
as part of this re-designation. |
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Between 27 March 2015 and 7 April 2015, the company issued 1,800,073 A Ordinary £0.00001 shares for a |
total consideration of £560,000. |
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On 10 December 2015, the company re-designated 1,800,073 £0.00001 A Ordinary shares into 1,800,073 |
£0.00001 A1 Ordinary shares. No consideration was received as part of this re-designation. On the same date, |
the company issued 785,294 £0.00001 A2 Ordinary shares for a total consideration of £426,237. |