Kays Publishing Limited - Accounts to registrar (filleted) - small 18.2
Kays Publishing Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
| FOR |
| KAYS PUBLISHING LIMITED |
| KAYS PUBLISHING LIMITED (REGISTERED NUMBER: 07460480) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KAYS PUBLISHING LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CHARTERED ACCOUNTANTS |
| Suite 2, Fountain House |
| 1a Elm Park |
| Stanmore |
| Middlesex |
| HA7 4AU |
| KAYS PUBLISHING LIMITED (REGISTERED NUMBER: 07460480) |
| BALANCE SHEET |
| 31 December 2019 |
| 31.12.19 | 31.12.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| KAYS PUBLISHING LIMITED (REGISTERED NUMBER: 07460480) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Kays Publishing Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Pension costs and other post-retirement benefits |
| The company contributes to the National Employment Savings Trust which is a defined contribution work place pension scheme.The assets of NEST are held separately from those of the company in independently administered funds. Contributions payable for the year are charged in the profit and loss account. |
| The company also contributes to the defined benefit pension scheme of the directors who have beneficial interest in the issued share capital of the company. The assets of that scheme are held separately from those of the company in independently administered funds. Contributions for the year are charged in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| KAYS PUBLISHING LIMITED (REGISTERED NUMBER: 07460480) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2019 |
| Additions |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 5. | DEBTORS |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Sundry debtors |
| Prepayments |
| Amounts falling due after more than one year: |
| Amounts owed by associates |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 23,618 | 19,966 |
| Sundry creditors & accruals | 6,625 | 6,226 |
| Directors' current accounts | 455 | 115 |
| KAYS PUBLISHING LIMITED (REGISTERED NUMBER: 07460480) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2019 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2019 and 31 December 2018: |
| 31.12.19 | 31.12.18 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The amount due to the directors on their loan account is unsecured, interest free and repayable on demand. |
| The company's banking facilities are secured by the personal guarantee of the directors. |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £60,000 (2018 - £43,500) were paid to the directors . |
| The company is related to Kays Limited, incorporated in England & Wales, through the common control of the directors. |
| During the year ended 31 December 2019, Kays Limited charged management fees to the company and defrayed certain expenditure on its behalf. In addition, Kays Publishing Limited transferred funds to Kays Limited to reduce the inter-company indebtedness. |
| These transactions were all during the normal course of business and at market value. |
| At 31 December 2019, the amount due from Kays Limited was £625,277, (2018 - £474,886). |
| The debt is unsecured, interest free and repayable after 12 months. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is under the joint control of the directors. |