REGISTERED NUMBER: 07040249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

KAYA IT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B S Johal

A K Kayasth

SECRETARY:

B S Johal

REGISTERED OFFICE:

16 Barbican Rise

Coventry

West Midlands

CV2 5NR

REGISTERED NUMBER:

07040249 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

CURRENT ASSETS

Debtors

5

17,350

14,040

Cash at bank

-

516

17,350

14,556

CREDITORS

Amounts falling due within one year

6

11,779

14,303

NET CURRENT ASSETS

5,571

253

TOTAL ASSETS LESS CURRENT LIABILITIES

5,571

253

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

5,471

153

SHAREHOLDERS' FUNDS

5,571

253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

B S Johal - Director

1.	STATUTORY INFORMATION

Kaya It Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2023

and 31 October 2024

2,330

DEPRECIATION

At 1 November 2023

and 31 October 2024

2,330

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,810

300

Amounts owed by group undertakings

10,540

13,740

17,350

14,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

253

-

Trade creditors

747

1,162

Corporation tax

8,716

10,887

Directors' current accounts

227

508

Accrued expenses

1,836

1,746

11,779

14,303

7.

RESERVES

Retained

earnings

£

At 1 November 2023

153

Profit for the year

24,318

Dividends

(19,000

)

At 31 October 2024

5,471

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

A K Kayasth and B S Johal

Balance outstanding at start of year

(508

)

12,748

Amounts advanced

21,078

29,005

Amounts repaid

(20,797

)

(42,261

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(227

)

(508

)