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REGISTERED NUMBER: 05479763












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Karis Solicitors Limited

Karis Solicitors Limited (Registered number: 05479763)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Karis Solicitors Limited

Company Information
for the Year Ended 31 August 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,942 10,853

CURRENT ASSETS
Debtors 5 120,554 113,551

CREDITORS
Amounts falling due within one year 6 96,991 97,133
NET CURRENT ASSETS 23,563 16,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,505

27,271

PROVISIONS FOR LIABILITIES 7 1,889 2,062
NET ASSETS 31,616 25,209

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 31,614 25,207
SHAREHOLDERS' FUNDS 31,616 25,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 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 12 March 2025 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 2024

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 (2023 - 6 ) .

Karis Solicitors Limited (Registered number: 05479763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 66,905
Additions 2,403
Disposals (30,000 )
At 31 August 2024 39,308
DEPRECIATION
At 1 September 2023 56,052
Charge for year 3,314
Eliminated on disposal (30,000 )
At 31 August 2024 29,366
NET BOOK VALUE
At 31 August 2024 9,942
At 31 August 2023 10,853

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 87,113 83,664
S455 tax recoverable 33,441 29,887
120,554 113,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,380 27,053
Tax 64,711 60,051
Social security and other taxes 4,008 2,547
VAT 2,442 4,182
Accrued expenses 3,450 3,300
96,991 97,133

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,889 2,062

Deferred
tax
£   
Balance at 1 September 2023 2,062
Provided during year (173 )
Balance at 31 August 2024 1,889

Karis Solicitors Limited (Registered number: 05479763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 September 2023 25,207
Profit for the year 156,407
Dividends (150,000 )
At 31 August 2024 31,614

10. 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.