Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11442438 Mrs Swati Patel Mr Priyang Patel Mr Chiragkumar Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11442438 2023-08-31 11442438 2024-08-31 11442438 2023-09-01 2024-08-31 11442438 frs-core:CurrentFinancialInstruments 2024-08-31 11442438 frs-core:Non-currentFinancialInstruments 2024-08-31 11442438 frs-core:ComputerEquipment 2024-08-31 11442438 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11442438 frs-core:ComputerEquipment 2023-08-31 11442438 frs-core:FurnitureFittings 2024-08-31 11442438 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11442438 frs-core:FurnitureFittings 2023-08-31 11442438 frs-core:NetGoodwill 2024-08-31 11442438 frs-core:NetGoodwill 2023-09-01 2024-08-31 11442438 frs-core:NetGoodwill 2023-08-31 11442438 frs-core:MotorVehicles 2024-08-31 11442438 frs-core:MotorVehicles 2023-09-01 2024-08-31 11442438 frs-core:MotorVehicles 2023-08-31 11442438 frs-core:ShareCapital 2024-08-31 11442438 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11442438 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11442438 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11442438 frs-bus:SmallEntities 2023-09-01 2024-08-31 11442438 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11442438 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11442438 frs-core:UnlistedNon-exchangeTraded 2024-08-31 11442438 frs-core:UnlistedNon-exchangeTraded 2023-08-31 11442438 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 11442438 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 11442438 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 11442438 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 11442438 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 11442438 frs-bus:Director1 2023-09-01 2024-08-31 11442438 frs-bus:Director2 2023-09-01 2024-08-31 11442438 frs-bus:Director3 2023-09-01 2024-08-31 11442438 frs-core:CurrentFinancialInstruments 2 2024-08-31 11442438 frs-core:CurrentFinancialInstruments 3 2024-08-31 11442438 frs-countries:EnglandWales 2023-09-01 2024-08-31 11442438 2022-08-31 11442438 2023-08-31 11442438 2022-09-01 2023-08-31 11442438 frs-core:CurrentFinancialInstruments 2023-08-31 11442438 frs-core:Non-currentFinancialInstruments 2023-08-31 11442438 frs-core:ShareCapital 2023-08-31 11442438 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11442438 frs-core:CurrentFinancialInstruments 2 2023-08-31 11442438 frs-core:CurrentFinancialInstruments 3 2023-08-31
Registered number: 11442438
Keya News Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
R Rajani & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11442438
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,167 54,167
Tangible Assets 5 8,434 10,923
Investments 6 134 100
52,735 65,190
CURRENT ASSETS
Stocks 7 18,500 27,500
Debtors 8 352,560 237,629
Cash at bank and in hand 18,849 64,057
389,909 329,186
Creditors: Amounts Falling Due Within One Year 9 (333,473 ) (230,209 )
NET CURRENT ASSETS (LIABILITIES) 56,436 98,977
TOTAL ASSETS LESS CURRENT LIABILITIES 109,171 164,167
Creditors: Amounts Falling Due After More Than One Year 10 (79,356 ) (87,261 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,602 ) (2,076 )
NET ASSETS 28,213 74,830
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 28,113 74,730
SHAREHOLDERS' FUNDS 28,213 74,830
Page 1
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For the year ending 31 August 2024 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
Mr Chiragkumar Patel
Director
03/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Keya News Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11442438 . The registered office is 150 Boot Hill, Grendon, Atherstone, CV9 2EW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 100,000
As at 31 August 2024 100,000
Amortisation
As at 1 September 2023 45,833
Provided during the period 10,000
As at 31 August 2024 55,833
Net Book Value
As at 31 August 2024 44,167
As at 1 September 2023 54,167
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 5,500 30,067 1,768 37,335
Additions - 283 - 283
As at 31 August 2024 5,500 30,350 1,768 37,618
Depreciation
As at 1 September 2023 4,159 21,198 1,055 26,412
Provided during the period 335 2,259 178 2,772
As at 31 August 2024 4,494 23,457 1,233 29,184
Net Book Value
As at 31 August 2024 1,006 6,893 535 8,434
As at 1 September 2023 1,341 8,869 713 10,923
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 September 2023 100
Additions 34
As at 31 August 2024 134
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 134
As at 1 September 2023 100
7. Stocks
2024 2023
£ £
Finished goods 18,500 27,500
8. Debtors
2024 2023
£ £
Due within one year
Other debtors 162,268 36,778
Due after more than one year
Other debtors 190,292 200,851
352,560 237,629
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 (1 )
Bank loans and overdrafts 35,447 61,328
Corporation tax - 6,386
Other taxes and social security 1,375 46
VAT 334 690
Net wages - 584
Other creditors Paypoint (28 ) 12
Pension Payable 118 13
Directors' loan accounts 296,226 161,151
333,473 230,209
Page 5
Page 6
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 79,356 87,261
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and do not carry interest and as such are stated at their nominal value, less any impairment on debtors. 
13. Related Party Transactions
Keya Group LimitedKeya News Limited Owns 100% of the Shares in Keya Group LimitedAs at the Balance Sheet date the company was owed £225,740 from Keya Group. This loan is interest free and not repayable on demand, monthly payments have been agreed with an amount of £35,447.59 due < 1 Year.

Keya Group Limited

Keya News Limited Owns 100% of the Shares in Keya Group Limited

As at the Balance Sheet date the company was owed £225,740 from Keya Group. This loan is interest free and not repayable on demand, monthly payments have been agreed with an amount of £35,447.59 due < 1 Year.

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