Registered number
10966283
Keygrip Consultancy Ltd
Unaudited Filleted Accounts
31 March 2024
Keygrip Consultancy Ltd
Registered number: 10966283
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 474 632
Current assets
Debtors 4 36,080 22,170
Cash at bank and in hand 11,244 12,803
47,324 34,973
Creditors: amounts falling due within one year 5 (47,077) (27,550)
Net current assets 247 7,423
Net assets 721 8,055
Capital and reserves
Called up share capital 100 100
Profit and loss account 621 7,955
Shareholder's funds 721 8,055
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Venning
Director
Approved by the board on 28 November 2024
Keygrip Consultancy Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2023 2,268
At 31 March 2024 2,268
Depreciation
At 1 April 2023 1,636
Charge for the year 158
At 31 March 2024 1,794
Net book value
At 31 March 2024 474
At 31 March 2023 632
4 Debtors 2024 2023
£ £
Trade debtors 7,800 22,170
Other debtors 28,280 -
36,080 22,170
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 44,789 25,607
Other creditors 2,288 1,943
47,077 27,550
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr R Venning
Repayable on demand - 28,280 - 28,280
- 28,280 - 28,280
7 Other information
Keygrip Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Gordon Road
Hastings
TN34 3JN
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