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REGISTERED NUMBER: 05479763












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Karis Solicitors Limited

Karis Solicitors Limited (Registered number: 05479763)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Karis Solicitors Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J S Kerr
V S Harris





SECRETARY: J S Kerr





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 05479763





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Karis Solicitors Limited (Registered number: 05479763)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,853 12,820

CURRENT ASSETS
Debtors 5 113,551 121,442

CREDITORS
Amounts falling due within one year 6 97,133 85,787
NET CURRENT ASSETS 16,418 35,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,271

48,475

CREDITORS
Amounts falling due after more than one
year

7

-

(26,667

)

PROVISIONS FOR LIABILITIES 8 (2,062 ) (2,436 )
NET ASSETS 25,209 19,372

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 25,207 19,370
SHAREHOLDERS' FUNDS 25,209 19,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Karis Solicitors Limited (Registered number: 05479763)

Statement of Financial Position - continued
31 August 2023


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 3 April 2024 and were signed on its behalf by:





V S Harris - Director


Karis Solicitors Limited (Registered number: 05479763)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Karis Solicitors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

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.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Functional currency
The company's functional currency is £ Sterling.

Financial instruments
Financial instruments including bank and cash balances are disclosed at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Karis Solicitors Limited (Registered number: 05479763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022 65,255
Additions 1,650
At 31 August 2023 66,905
DEPRECIATION
At 1 September 2022 52,435
Charge for year 3,617
At 31 August 2023 56,052
NET BOOK VALUE
At 31 August 2023 10,853
At 31 August 2022 12,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 83,664 91,555
S455 tax recoverable 29,887 29,887
113,551 121,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,053 34,199
Tax 60,051 44,456
Social security and other taxes 2,547 1,814
VAT 4,182 2,168
Accrued expenses 3,300 3,150
97,133 85,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 26,667

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,062 2,436

Karis Solicitors Limited (Registered number: 05479763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 2,436
Provided during year (374 )
Balance at 31 August 2023 2,062

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 September 2022 19,370
Profit for the year 135,837
Dividends (130,000 )
At 31 August 2023 25,207

11. ULTIMATE CONTROLLING PARTY

The directors J S Kerr and V S Harris who each own 50% of the company's share capital have ultimate control of the company.