Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 7460480 Ms Jayne Hatfield Mr Bernard Kay true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7460480 2022-12-31 7460480 2023-12-31 7460480 2023-01-01 2023-12-31 7460480 frs-core:CurrentFinancialInstruments 2023-12-31 7460480 frs-core:ComputerEquipment 2023-12-31 7460480 frs-core:ComputerEquipment 2023-01-01 2023-12-31 7460480 frs-core:ComputerEquipment 2022-12-31 7460480 frs-core:FurnitureFittings 2023-12-31 7460480 frs-core:FurnitureFittings 2023-01-01 2023-12-31 7460480 frs-core:FurnitureFittings 2022-12-31 7460480 frs-core:MotorVehicles 2023-12-31 7460480 frs-core:MotorVehicles 2023-01-01 2023-12-31 7460480 frs-core:MotorVehicles 2022-12-31 7460480 frs-core:ShareCapital 2023-12-31 7460480 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 7460480 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 7460480 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 7460480 frs-bus:SmallEntities 2023-01-01 2023-12-31 7460480 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 7460480 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 7460480 1 2023-01-01 2023-12-31 7460480 frs-bus:Director1 2023-01-01 2023-12-31 7460480 frs-bus:Director2 2023-01-01 2023-12-31 7460480 frs-countries:EnglandWales 2023-01-01 2023-12-31 7460480 2021-12-31 7460480 2022-12-31 7460480 2022-01-01 2022-12-31 7460480 frs-core:CurrentFinancialInstruments 2022-12-31 7460480 frs-core:ShareCapital 2022-12-31 7460480 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 7460480
Kays Publishing Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Xerxes Associates LLP
Warnford Court
29 Throgmorton Street
London
EC2N 2AT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 7460480
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,872 5,283
6,872 5,283
CURRENT ASSETS
Debtors 5 2,229,672 1,781,172
Cash at bank and in hand 301,990 429,655
2,531,662 2,210,827
Creditors: Amounts Falling Due Within One Year 6 (205,831 ) (227,305 )
NET CURRENT ASSETS (LIABILITIES) 2,325,831 1,983,522
TOTAL ASSETS LESS CURRENT LIABILITIES 2,332,703 1,988,805
NET ASSETS 2,332,703 1,988,805
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 2,332,701 1,988,803
SHAREHOLDERS' FUNDS 2,332,703 1,988,805
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For the year 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.
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
Ms Jayne Hatfield
Director
Mr Bernard Kay
Director
18/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kays Publishing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7460480 . The registered office is Pinewood Studios, Pinewood Road, Iver Heath, Bucks, SL0 0NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
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:
Motor Vehicles 25% on a reducing balance
Fixtures & Fittings 33% on a reducing balance
Computer Equipment 33% on cost
2.4. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 11,875 28,700 33,516 74,091
Additions - 2,051 2,876 4,927
As at 31 December 2023 11,875 30,751 36,392 79,018
Depreciation
As at 1 January 2023 11,498 27,389 29,921 68,808
Provided during the period 94 1,109 2,135 3,338
As at 31 December 2023 11,592 28,498 32,056 72,146
Net Book Value
As at 31 December 2023 283 2,253 4,336 6,872
As at 1 January 2023 377 1,311 3,595 5,283
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 379,419 392,852
Other debtors 1,850,253 1,388,320
2,229,672 1,781,172
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 63,896 56,935
Other creditors 11,599 12,333
Taxation and social security 130,336 158,037
205,831 227,305
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
The company's banking facilities are secured by the personal guarantees of the directors.
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9. Related Party Transactions
The Company is related to Kays Limited, incorporated in England and Wales, through the common control of the directors.
At the year end the company was indebted to the directors in the sum of £5,599 (2022 - £5,582)
During the year ended 31 December 2023, Kays Publishing Limited defrayed certain expenditure on behalf of Kays Limited. In addition Kays Publishing Limited transferred funds to Kays Limited.
These transactions were all during the normal course of business and market value.
As at 31 December 2023, the anount due from Kays Limited was £1,838,375 (2022 - £1,374,375).
The inter-company indebtedness is unsecured and repayable after 12 months.
10. Ultimate Controlling Party
The company is under the jount control of the directors.
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