Karis Technical Services Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC350406 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

KARIS TECHNICAL SERVICES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D S Kerr

SECRETARY:

Mrs L Kerr

REGISTERED OFFICE:

19 Castle Hill Road

Carluke

Lanarkshire

ML8 5EN

REGISTERED NUMBER:

SC350406 (Scotland)

ACCOUNTANTS:

Mc Creath & Co, CA

Bank House

20A Strathearn Road

Edinburgh

EH9 2AB

FIXED ASSETS

Tangible assets

2

649

1,469

CURRENT ASSETS

Stocks

2,100

2,300

Debtors

18,635

81,817

Cash at bank

15,214

562

35,949

84,679

CREDITORS

Amounts falling due within one year

3

27,635

62,251

NET CURRENT ASSETS

8,314

22,428

TOTAL ASSETS LESS CURRENT LIABILITIES

8,963

23,897

CREDITORS

Amounts falling due after more than one year

3

(8,131

)

(11,689

)

PROVISIONS FOR LIABILITIES

(130

)

(291

)

NET ASSETS

702

11,917

CAPITAL AND RESERVES

Called up share capital

4

110

110

Profit and loss account

592

11,807

SHAREHOLDERS' FUNDS

702

11,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 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 director on 30 November 2015 and were signed by:

D S Kerr - 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 goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

17,229

Additions

462

At 28 February 2015

17,691

DEPRECIATION

At 1 March 2014

15,760

Charge for year

1,282

At 28 February 2015

17,042

NET BOOK VALUE

At 28 February 2015

649

At 28 February 2014

1,469

3.

CREDITORS

Creditors include an amount of £ 7,899 (2014 - £ 11,693 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

as restated

£

£

100

Ordinary

£1

100

100

10

Ordinary A

£1

10

10

110

110

5.	ULTIMATE CONTROLLING PARTY

Throughout the year the company was controlled by Mr D Kerr who is a director of the company.