1 December 2022 false No description of principal activity Taxfiler 2024.5 08290253business:PrivateLimitedCompanyLtd2022-12-012023-12-31 082902532022-11-30 082902532022-12-012023-12-31 08290253business:AuditExemptWithAccountantsReport2022-12-012023-12-31 08290253business:FilletedAccounts2022-12-012023-12-31 082902532023-12-31 08290253business:Director12022-12-012023-12-31 08290253business:Director22022-12-012023-12-31 08290253business:Director32022-12-012023-12-31 08290253business:RegisteredOffice2022-12-012023-12-31 082902532022-11-30 08290253core:WithinOneYear2023-12-31 08290253core:WithinOneYear2022-11-30 08290253core:AfterOneYear2023-12-31 08290253core:AfterOneYear2022-11-30 08290253core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08290253core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 08290253core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08290253core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 08290253core:PreviouslyStatedAmount2023-12-31 08290253core:PreviouslyStatedAmount2022-11-30 08290253business:SmallEntities2022-12-012023-12-31 08290253countries:EnglandWales2022-12-012023-12-31 08290253core:OtherPropertyPlantEquipment2022-12-012023-12-31 08290253core:PlantMachinery2022-11-30 08290253core:ComputerEquipment2022-11-30 08290253core:PlantMachinery2023-12-31 08290253core:ComputerEquipment2023-12-31 08290253core:PlantMachinery2022-12-012023-12-31 08290253core:ComputerEquipment2022-12-012023-12-31 082902532021-12-012022-11-30 iso4217:GBP xbrli:pure
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
Page
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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
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KVF Consultants Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,826 
2,505 
Current assets
Debtors
61,682 
71,161 
Cash at bank and in hand
38,766 
25,074 
100,448 
96,235 
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)
Net assets
2,839 
452 
Capital and reserves
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
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KVF Consultants Ltd Notes to the Accounts for the period from 1 December 2022 to 31 December 2023
1
Statutory information
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.
3
Accounting policies
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
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
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Pension costs
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
1,534 
292 
1,826 
At 30 November 2022
2,104 
401 
2,505 
5
Debtors
2023 
2022 
£ 
£ 
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 
61,682 
71,161 
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 
Accruals
695 
695 
83,157 
60,255 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,278 
38,033 
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).
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