Kays Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07460480 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

KAYS PUBLISHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B L Kay

Ms J Hatfield

REGISTERED OFFICE:

82 St John Street

London

EC1M 4JN

REGISTERED NUMBER:

07460480 (England and Wales)

ACCOUNTANTS:

Donald Jacobs & Partners

CHARTERED ACCOUNTANTS

Suite 319

Stanmore Business & Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1BT

FIXED ASSETS

Tangible assets

4

6,503

9,599

CURRENT ASSETS

Debtors

5

1,316,895

1,129,096

Cash at bank and in hand

279,946

353,979

1,596,841

1,483,075

CREDITORS

Amounts falling due within one year

6

231,514

211,946

NET CURRENT ASSETS

1,365,327

1,271,129

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,830

1,280,728

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,371,828

1,280,726

SHAREHOLDERS' FUNDS

1,371,830

1,280,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 20 December 2021 and were signed on its behalf by:

B L Kay - Director

Ms J Hatfield - Director

1.	STATUTORY INFORMATION

Kays Publishing 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.

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 3 (2019 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2020

and 31 December 2020

27,397

11,875

31,304

70,576

DEPRECIATION

At 1 January 2020

25,720

10,983

24,274

60,977

Charge for year

553

223

2,320

3,096

At 31 December 2020

26,273

11,206

26,594

64,073

NET BOOK VALUE

At 31 December 2020

1,124

669

4,710

6,503

At 31 December 2019

1,677

892

7,030

9,599

5.

DEBTORS

31.12.20

31.12.19

£

£

Amounts falling due within one year:

Trade debtors

329,608

500,601

Directors' current accounts

59,823

-

Sundry debtors

-

528

Prepayments

1,592

2,690

391,023

503,819

Amounts falling due after more than one year:

Amounts owed by associates

925,872

625,277

Aggregate amounts

1,316,895

1,129,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

74,390

113,743

Corporation tax

21,941

54,409

Social security and other taxes

14,405

13,096

VAT

24,893

23,618

Sundry creditors & accruals

95,885

6,625

Directors' current accounts

-

455

231,514

211,946

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2020 and 31 December 2019:

31.12.20

31.12.19

£

£

B L Kay and Ms J Hatfield

Balance outstanding at start of year

455

115

Amounts advanced

(60,278

)

340

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(59,823

)

455

The company's banking facilities are secured by the personal guarantee of the directors.

8.	RELATED PARTY DISCLOSURES

The company is related to Kays Limited, incorporated in England & Wales, through the common control of the directors.

During the year ended 31 December 2020, 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 at market value.

At 31 December 2020, the amount due to Kays Publishing Limited was £925,872, (2019 - £625,277).

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.