Accounts Submission
Accounts Submission
KEYFRAME CONSULTING LIMITED
Company Registration Number:
12379502
(England and Wales)
Unaudited abridged accounts for the year ended 31 December 2022
Period of accounts
Start date: 01 January 2022
End date: 31 December 2022
KEYFRAME CONSULTING LIMITED
Contents of the Financial Statements
for the Period Ended 31 December 2022
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
KEYFRAME CONSULTING LIMITED
Company Information
for the Period Ended 31 December 2022
Registered office: |
England |
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Company Registration Number: |
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KEYFRAME CONSULTING LIMITED
Balance sheet
As at
Notes |
2022 £ |
2021 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: |
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( |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
KEYFRAME CONSULTING LIMITED
Balance sheet continued
As at 31 December 2022
Notes |
2022 £ |
2021 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
KEYFRAME CONSULTING LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2022
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1. Accounting policies
Basis of measurement and preparation
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, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services.
Turnover from 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 of the estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - 2 years straight line
Computer Equipment - 3 years straight line (2 years for mobile phones).Other accounting policies
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
KEYFRAME CONSULTING LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2022
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2. Employees
2022
2021Average number of employees during the period 4 4
KEYFRAME CONSULTING LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2022
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3. Off balance sheet disclosure
No
KEYFRAME CONSULTING LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2022
4. Tangible Assets
Total | |
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Cost | £ |
At 01 January 2022 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2022 |
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Depreciation | |
At 01 January 2022 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 December 2022 |
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Net book value | |
At 31 December 2022 |
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At 31 December 2021 |
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