Kays Publishing Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 7460480

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,936		6,872

			6,936		6,872
CURRENT ASSETS
Debtors	5	2,471,865		2,229,672
Cash at bank and in hand		417,987		301,990

		2,889,852		2,531,662
Creditors: Amounts Falling Due Within One Year	6	(224,709 )		(205,831 )

NET CURRENT ASSETS (LIABILITIES)			2,665,143		2,325,831

TOTAL ASSETS LESS CURRENT LIABILITIES			2,672,079		2,332,703

NET ASSETS			2,672,079		2,332,703

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			2,672,077		2,332,701

SHAREHOLDERS' FUNDS			2,672,079		2,332,703

For the year ending 31 December 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

Ms Jayne Hatfield Director	Mr Bernard Kay Director
04/09/2025

The notes on pages 2 to 4 form part of these 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 C/O Xerxes Associates Llp, 29 Throgmorton Street, London, EC2N 2AT.

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 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: 5 (2023: 5)

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Kays Publishing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	11,875	30,751	36,392	79,018
Additions	-	-	3,083	3,083

As at 31 December 2024	11,875	30,751	39,475	82,101

Depreciation
As at 1 January 2024	11,592	28,498	32,056	72,146
Provided during the period	71	744	2,204	3,019

As at 31 December 2024	11,663	29,242	34,260	75,165

Net Book Value
As at 31 December 2024	212	1,509	5,215	6,936

As at 1 January 2024	283	2,253	4,336	6,872

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	379,187	379,419
Other debtors	2,092,678	1,850,253

	2,471,865	2,229,672

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	67,109	63,896
Other creditors	19,109	11,599
Taxation and social security	138,491	130,336

	224,709	205,831

7. Share Capital

	2024	2023
	£	£
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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Kays Publishing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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 £5,785 (2023 - £5,599)

During the year ended 31 December 2024, 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 2024, the anount due from Kays Limited was £2,083,934 (2023 - £1,838,375).

The inter-company indebtedness is unsecured and repayable after 12 months.

10. Ultimate Controlling Party

The company is under the joint control of the directors.

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