KHARIS_PRODUCTIONS_LTD - Accounts

KHARIS PRODUCTIONS LTD. - Company Information

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Company Registration No. SC231610 (Scotland)

KHARIS PRODUCTIONS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

KHARIS PRODUCTIONS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KHARIS PRODUCTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,948

5,893

Current assets

Stocks

304

279

Debtors

27,200

Cash at bank and in hand

56,785

30,865

57,141

58,344

Creditors: amounts falling due within one year

(61,802)

(64,063)

Net current liabilities

(4,661)

(5,719)

Total assets less current liabilities

287

174

Capital and reserves

Called up share capital

100

Profit and loss account

187

Shareholders' funds

287

174

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 for issue on 1 June 2016

John Morris

Director

Company Registration No. SC231610

KHARIS PRODUCTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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:

Land and buildings Leasehold

25% Straight Line

Fixtures, fittings & equipment

25% Reducing Balance

Fixed assets

Tangible assets

Cost

At 1 April 2015

44,085

Additions

704

At 31 March 2016

44,789

Depreciation

At 1 April 2015

38,191

Charge for the year

1,650

At 31 March 2016

39,841

Net book value

At 31 March 2016

4,948

At 31 March 2015

5,893

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

KHARIS PRODUCTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Ultimate parent company

The company is controlled by J.S.B. Morris, Director, by virtue of his shareholding and those of his associate, M.W. Morris.