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Registered number: 13526379
Keya Group Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13526379
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,500 64,500
Tangible Assets 5 561,982 576,835
Investments 6 33 -
608,515 641,335
CURRENT ASSETS
Stocks 7 55,000 65,000
Debtors 8 64,467 5,097
Cash at bank and in hand 4,745 38,902
124,212 108,999
Creditors: Amounts Falling Due Within One Year 9 (199,157 ) (200,877 )
NET CURRENT ASSETS (LIABILITIES) (74,945 ) (91,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES 533,570 549,457
Creditors: Amounts Falling Due After More Than One Year 10 (492,310 ) (503,263 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,022 ) (8,110 )
NET ASSETS 32,238 38,084
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 32,138 37,984
SHAREHOLDERS' FUNDS 32,238 38,084
Page 1
Page 2
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.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keya Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13526379 . The registered office is 6 Logan Street, Market Harborough, Leics, LE16 9AR.
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 .... 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:
Freehold No Depreciation
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 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.
...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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 6 (2023: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 90,000
As at 31 August 2024 90,000
Amortisation
As at 1 September 2023 25,500
Provided during the period 18,000
As at 31 August 2024 43,500
Net Book Value
As at 31 August 2024 46,500
As at 1 September 2023 64,500
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 514,500 91,599 559 606,658
Additions - 763 - 763
As at 31 August 2024 514,500 92,362 559 607,421
Depreciation
As at 1 September 2023 - 29,631 192 29,823
Provided during the period - 15,524 92 15,616
As at 31 August 2024 - 45,155 284 45,439
Net Book Value
As at 31 August 2024 514,500 47,207 275 561,982
As at 1 September 2023 514,500 61,968 367 576,835
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost
As at 1 September 2023 -
Additions 33
As at 31 August 2024 33
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 33
As at 1 September 2023 -
7. Stocks
2024 2023
£ £
Finished goods 55,000 65,000
8. Debtors
2024 2023
£ £
Due within one year
Other debtors Keya Investment 58,967 5,000
Other debtors Keya Retail Ltd 3,000 -
Other debtors Lottery 2,500 -
VAT - 97
64,467 5,097
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 38,216 50,867
Corporation tax 6,808 2,256
Other taxes and social security 437 460
VAT 20 -
Net wages - 1,781
Other creditors (57 ) 130
Directors' loan accounts 153,733 145,383
199,157 200,877
Page 5
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10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 266,570 266,834
Other creditors 225,840 236,529
Other creditors (1) (100 ) (100 )
492,310 503,263
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
Keya News LimitedKeya News Limited owns 100% of the shares in Keya group LtdAs at the Balance Sheet date the company owed £225,739 to Keya News Ltd. 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 News Limited

Keya News Limited owns 100% of the shares in Keya group Ltd

As at the Balance Sheet date the company owed £225,739 to Keya News Ltd. 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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