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Company Registration No. 14735017 (England and Wales)
Karis Advisors Ltd Unaudited accounts for the period from 16 March 2023 to 31 March 2024
Karis Advisors Ltd Unaudited accounts Contents
Page
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Karis Advisors Ltd Company Information for the period from 16 March 2023 to 31 March 2024
Director
R Verma
Company Number
14735017 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Karis Advisors Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,027 
Current assets
Debtors
11,000 
Cash at bank and in hand
3,375 
14,375 
Creditors: amounts falling due within one year
(4,306)
Net current assets
10,069 
Net assets
11,096 
Capital and reserves
Called up share capital
1 
Profit and loss account
11,095 
Shareholders' funds
11,096 
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2024 and were signed on its behalf by
R Verma Director Company Registration No. 14735017
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Karis Advisors Ltd Notes to the Accounts for the period from 16 March 2023 to 31 March 2024
1
Statutory information
Karis Advisors Ltd is a private company, limited by shares, registered in England and Wales, registration number 14735017. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 16 March 2023
- 
Additions
1,369 
At 31 March 2024
1,369 
Depreciation
Charge for the period
342 
At 31 March 2024
342 
Net book value
At 31 March 2024
1,027 
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Karis Advisors Ltd Notes to the Accounts for the period from 16 March 2023 to 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
11,000 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
1,632 
Taxes and social security
2,362 
Loans from directors
312 
4,306 
7
Average number of employees
During the period the average number of employees was 1.
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