KARYS_LIMITED - Accounts

KARYS LIMITED - Company Information

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Company Registration No. 05996046 (England and Wales)

KARYS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

KARYS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KARYS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

1,209

1,873

Current assets

Stocks

21,621

55,336

Debtors

210,469

136,145

Cash at bank and in hand

118,192

147,110

350,282

338,591

Creditors: amounts falling due within one year

(82,046)

(79,705)

Net current assets

268,236

258,886

Total assets less current liabilities

269,445

260,759

Capital and reserves

Called up share capital

1,000

Share premium account

199,750

Profit and loss account

68,695

60,009

Shareholders' funds

269,445

260,759

For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 9 October 2014

Konstandia Kyriazakos

Director

Company Registration No. 05996046

KARYS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25%

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

KARYS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 3 -

Fixed assets

Tangible assets

Cost

At 1 December 2012

9,252

Additions

1,050

At 30 November 2013

10,302

Depreciation

At 1 December 2012

7,379

Charge for the year

1,714

At 30 November 2013

9,093

Net book value

At 30 November 2013

1,209

At 30 November 2012

1,873

Share capital

2013

2012

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000