Company Registration No. 08290253 (England and Wales)
KVF Consultants Ltd
Unaudited accounts
for the period from 1 December 2022 to 31 December 2023
KVF Consultants Ltd
Unaudited accounts
Contents
KVF Consultants Ltd
Company Information
for the period from 1 December 2022 to 31 December 2023
Directors
Lee Kennedy
Katherine Mary Kennedy
Simon Wareham
Company Number
08290253 (England and Wales)
Registered Office
34 Douglas Haig Road
Salisbury
Wiltshire
SP1 3NB
England
Accountants
BrightFin Accounting & Tax
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
KVF Consultants Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
1,826
2,505
Cash at bank and in hand
38,766
25,074
Creditors: amounts falling due within one year
(83,157)
(60,255)
Net current assets
17,291
35,980
Total assets less current liabilities
19,117
38,485
Creditors: amounts falling due after more than one year
(16,278)
(38,033)
Called up share capital
10
10
Profit and loss account
2,829
442
Shareholders' funds
2,839
452
For the period ending 31 December 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Lee Kennedy
Director
Company Registration No. 08290253
KVF Consultants Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
KVF Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 08290253. The registered office is 34 Douglas Haig Road, Salisbury, Wiltshire, SP1 3NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
KVF Consultants Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
5,041
8,099
13,140
At 31 December 2023
5,041
8,099
13,140
At 1 December 2022
2,937
7,698
10,635
Charge for the period
570
109
679
At 31 December 2023
3,507
7,807
11,314
At 31 December 2023
1,534
292
1,826
At 30 November 2022
2,104
401
2,505
Amounts falling due within one year
Trade debtors
13,795
24,674
Amounts due from group undertakings etc.
34,557
37,467
Other debtors
13,330
9,020
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,447
17,099
Trade creditors
11,268
7,239
Amounts owed to group undertakings and other participating interests
1,500
-
Taxes and social security
50,632
32,796
Other creditors
2,615
2,426
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
Lee Kennedy is also director and shareholder of QEST Ltd and Canopy Safety Ltd. At the end of the year £34,557 (2021 - £34,557) was due from QEST Ltd and £nil (2022 - £2,910) was owed from Canopy Safety Ltd.
9
Average number of employees
During the period the average number of employees was 9 (2022: 9).