Karis Technical Services Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC350406 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

KARIS TECHNICAL SERVICES LTD.

Page

Balance Sheet

1

FIXED ASSETS

1,057

1,360

CURRENT ASSETS

91,549

109,855

CREDITORS

Amounts falling due within one year

(81,178

)

(99,266

)

NET CURRENT ASSETS

10,371

10,589

TOTAL ASSETS LESS CURRENT LIABILITIES

11,428

11,949

CREDITORS

Amounts falling due after more than one year

7,673

10,609

NET ASSETS

3,755

1,340

CAPITAL AND RESERVES

3,755

1,340

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Karis Technical Services Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC350406

Registered office:

Suite 1.12

Dalziel Building

7 Scott Street

Motherwell

Lanarkshire

ML1 1PN

The presentation currency of the financial statements is the Pound Sterling (£).

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2019 - 3 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2020 and 28 February 2019:

2020

2019

£

£

D S Kerr

Balance outstanding at start of year

15,484

10,767

Amounts advanced

45,449

36,112

Amounts repaid

(51,727

)

(31,395

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,206

15,484

The Director loan has no fixed terms of repayment.

Where the balance owed by the Director to the Company exceeds £10,000 the company charges interest at the official rate of interest approved by HM Revenue and Customs.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 26 November 2020 and were signed by:

D S Kerr - Director