KEYHOLE CREATIVE MEDIA LIMITED

KEYHOLE CREATIVE MEDIA LIMITED

KEYHOLE CREATIVE MEDIA LIMITED - Company Information

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KEYHOLE CREATIVE MEDIA LIMITED

Company Registration Number:
10314172 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

KEYHOLE CREATIVE MEDIA LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

KEYHOLE CREATIVE MEDIA LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 5,534 2,005
Total fixed assets: 5,534 2,005
Current assets
Debtors: 4 39,689 36,015
Cash at bank and in hand: 13,666 4,145
Total current assets: 53,355 40,160
Creditors: amounts falling due within one year: 5 (17,634) (50,115)
Net current assets (liabilities): 35,721 (9,955)
Total assets less current liabilities: 41,255 (7,950)
Creditors: amounts falling due after more than one year: 6 (46,667)
Total net assets (liabilities): (5,412) (7,950)
Capital and reserves
Called up share capital: 150 150
Profit and loss account: (5,562) (8,100)
Shareholders funds: (5,412) (7,950)

The notes form part of these financial statements

KEYHOLE CREATIVE MEDIA LIMITED

Balance sheet statements

For the year ending 31 August 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2021
and signed on behalf of the board by:

Name: A A Dowie
Status: Director

The notes form part of these financial statements

KEYHOLE CREATIVE MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Computer Equipment 33% cost

Other accounting policies

GOVERNMENT GRANTSGovernment grants received under Covid legislation from the local council are treated as revenue grants and credited to other income to match them with the expenditure to which they relate. The are included in other income in the profit and loss account in the period in which they are received.

KEYHOLE CREATIVE MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 7 11

KEYHOLE CREATIVE MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 6,480
Additions 5,644
At 31 August 2020 12,124
Depreciation
At 01 September 2019 4,475
Charge for year 2,115
At 31 August 2020 6,590
Net book value
At 31 August 2020 5,534
At 31 August 2019 2,005

KEYHOLE CREATIVE MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

KEYHOLE CREATIVE MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Creditors: amounts falling due within one year note

...............................................................2020.......................2019 Bank Borrowings..............................3333...........................0 Trade Creditors...................................0.............................8583 Amounts owed to Associates.........0.............................20000 Social Security and other taxes...11541.........................18907 Other Creditors.................................2760.........................2625

KEYHOLE CREATIVE MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

6. Creditors: amounts falling due after more than one year note

.....................................................2020..........................2019Bank Borrowings....................46667............................0