0 true false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,342 793 2,135 188 189 377 1,758 1,154 202,899 202,899 202,899 xbrli:pure xbrli:shares iso4217:GBP 11687589 2023-12-01 2024-11-30 11687589 2024-11-30 11687589 2023-11-30 11687589 2022-12-01 2023-11-30 11687589 2023-11-30 11687589 2022-11-30 11687589 core:PlantMachinery 2023-12-01 2024-11-30 11687589 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 11687589 bus:Director1 2023-12-01 2024-11-30 11687589 core:PlantMachinery 2023-11-30 11687589 core:PlantMachinery 2024-11-30 11687589 core:WithinOneYear 2024-11-30 11687589 core:WithinOneYear 2023-11-30 11687589 core:ShareCapital 2024-11-30 11687589 core:ShareCapital 2023-11-30 11687589 core:RetainedEarningsAccumulatedLosses 2024-11-30 11687589 core:RetainedEarningsAccumulatedLosses 2023-11-30 11687589 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 11687589 core:Non-currentFinancialInstruments 2024-11-30 11687589 core:Non-currentFinancialInstruments 2023-11-30 11687589 core:PlantMachinery 2023-11-30 11687589 bus:SmallEntities 2023-12-01 2024-11-30 11687589 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 11687589 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11687589 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11687589 bus:FullAccounts 2023-12-01 2024-11-30 11687589 bus:OrdinaryShareClass1 2024-11-30 11687589 bus:OrdinaryShareClass1 2023-11-30 11687589 core:AccountingPolicyChangeIncreaseDecrease bus:Director1 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 11687589
M S Kays Holdings Limited
Filleted Unaudited Financial Statements
30 November 2024
M S Kays Holdings Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
1,758
1,154
Investments
5
202,899
202,899
--------
--------
204,657
204,053
Current assets
Debtors
6
6,050
1,875
Cash at bank and in hand
23,563
56,839
-------
-------
29,613
58,714
Prepayments and accrued income
1,629
1,518
Creditors: amounts falling due within one year
7
138,698
191,302
--------
--------
Net current liabilities
107,456
131,070
--------
--------
Total assets less current liabilities
97,201
72,983
Provisions
334
219
Accruals and deferred income
1,365
1,210
-------
-------
Net assets
95,502
71,554
-------
-------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
95,402
71,454
-------
-------
Shareholders funds
95,502
71,554
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
M S Kays Holdings Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:
M. Kambanis
Director
Company registration number: 11687589
M S Kays Holdings Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered and trading in England and Wales with company number 11687589 . The address of the registered office is 8 Jury Street, Warwick, CV34 4EW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received for rent and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
4. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 December 2023
1,342
1,342
Additions
793
793
------
------
At 30 November 2024
2,135
2,135
------
------
Depreciation
At 1 December 2023
188
188
Charge for the year
189
189
------
------
At 30 November 2024
377
377
------
------
Carrying amount
At 30 November 2024
1,758
1,758
------
------
At 30 November 2023
1,154
1,154
------
------
5. Investments
Investments
£
Cost
At 1 December 2023 and 30 November 2024
202,899
--------
Impairment
At 1 December 2023 and 30 November 2024
--------
Carrying amount
At 30 November 2024
202,899
--------
At 30 November 2023
202,899
--------
6. Debtors
2024
2023
£
£
Trade debtors
6,050
1,875
------
------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
5,659
8,676
Other creditors
133,039
182,626
--------
--------
138,698
191,302
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Directors' advances, credits and guarantees
At the reporting date the directors loan account was in credit by £133,039 (2023: £182,626). There is no fixed term for repayment and no interest is charged.