Keyframe Studios Ltd

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Accountant's Report	1
Balance Sheet	2
Notes to the Financial Statements	3—5

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Keyframe Studios Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Keyframe Studios Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Keyframe Studios Ltd and state those matters that we have agreed to state to the director of Keyframe Studios Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Keyframe Studios Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Keyframe Studios Ltd . You consider that Keyframe Studios Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Keyframe Studios Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Quest Accounting Services Limited

19th September 2025

Quest Accounting Services Limited

Suite 106, The Pinnacle

170 Midsummer Boulevard

Milton Keynes

MK9 1BP

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Keyframe Studios Ltd

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 07004796

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,494		12,033

			8,494		12,033
CURRENT ASSETS
Debtors	5	56,042		63,284
Cash at bank and in hand		15,109		38,773

		71,151		102,057
Creditors: Amounts Falling Due Within One Year	6	(18,582 )		(17,632 )

NET CURRENT ASSETS (LIABILITIES)			52,569		84,425

TOTAL ASSETS LESS CURRENT LIABILITIES			61,063		96,458

Creditors: Amounts Falling Due After More Than One Year	7		(21,221 )		(26,359 )

NET ASSETS			39,842		70,099

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			39,841		70,098

SHAREHOLDERS' FUNDS			39,842		70,099

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Asa Movshovitz

Director

19th September 2025

The notes on pages 3 to 5 form part of these financial statements.

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Keyframe Studios Ltd

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Keyframe Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07004796 . The registered office is 92 Cromer Street, London, WC1H 8DD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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

4 Years Straight Line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

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 year 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 asset reflects 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 7)

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Keyframe Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2024	86,828

As at 31 August 2025	86,828

Depreciation
As at 1 September 2024	74,795
Provided during the period	3,539

As at 31 August 2025	78,334

Net Book Value
As at 31 August 2025	8,494

As at 1 September 2024	12,033

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,270	13,895
Other debtors	32,833	32,833
Other debtors (1)	10,920	5,150
Other taxes and social security	19	11,406

	56,042	63,284

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	5,749	5,749
VAT	2,273	4,372
Other creditors	662	231
Pension	203	833
Other creditors (2)	43	43
Director's loan account	9,652	6,404

	18,582	17,632

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	21,221	26,359

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Keyframe Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Related Party Transactions

At the balance sheet date, the company owed £9,652 (2024: £6,404) to its director. The loan is interest free and unsecured.

10. Ultimate Controlling Party

The company's ultimate controlling party is Asa Movshovitz by virtue of his ownership of 100% of the issued share capital in the company.

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