Chris Kallis Solicitors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08175941 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

CHRIS KALLIS SOLICITORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C M Kallis

A Kallis

A R J Tawse

REGISTERED OFFICE:

33 North Road East

Plymouth

Devon

PL4 6AY

REGISTERED NUMBER:

08175941 (England and Wales)

ACCOUNTANTS:

Parkhurst Hill

Plym House

3 Longbridge Road

Marsh Mills

Plymouth

Devon

PL6 8LT

FIXED ASSETS

Intangible assets

2

450,000

600,000

Tangible assets

3

15,157

16,208

465,157

616,208

CURRENT ASSETS

Debtors

288,868

339,288

Cash at bank and in hand

204,770

67,911

493,638

407,199

CREDITORS

Amounts falling due within one year

4

770,667

506,156

NET CURRENT LIABILITIES

(277,029

)

(98,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

188,128

517,251

PROVISIONS FOR LIABILITIES

1,987

2,264

NET ASSETS

186,141

514,987

CAPITAL AND RESERVES

Called up share capital

5

125

100

Profit and loss account

186,016

514,887

SHAREHOLDERS' FUNDS

186,141

514,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 October 2015 and were signed on its behalf by:

C M Kallis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised

when the individual case has been won.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

750,000

AMORTISATION

At 1 May 2014

150,000

Amortisation for year

150,000

At 30 April 2015

300,000

NET BOOK VALUE

At 30 April 2015

450,000

At 30 April 2014

600,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

21,610

Additions

4,002

At 30 April 2015

25,612

DEPRECIATION

At 1 May 2014

5,402

Charge for year

5,053

At 30 April 2015

10,455

NET BOOK VALUE

At 30 April 2015

15,157

At 30 April 2014

16,208

4.

CREDITORS

Creditors include an amount of £ 39,058 (2014 - £ 17,838 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

125

100

25 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2015 and

30 April 2014:

2015

2014

£

£

C M Kallis

Balance outstanding at start of year

17,871

-

Amounts advanced

256,274

459,152

Amounts repaid

(382,178

)

(441,281

)

Balance outstanding at end of year

(108,033

)

17,871