Abbreviated Company Accounts - KARIS HOMES LIMITED

KARIS HOMES LIMITED - Company Information

04481100 KARIS HOMES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04481100 2015-04-01 2016-03-31 04481100 2016-03-31 04481100 2015-03-31 04481100 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04481100 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04481100

KARIS HOMES LIMITED

Abbreviated Accounts

31 March 2016

KARIS HOMES LIMITED Registered Number 04481100

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,372,801	1,376,440
		1,372,801	1,376,440
Current assets
Stocks		1,124,007	1,210,469
Debtors		894,044	910,132
Cash at bank and in hand		44,679	6,729
		2,062,730	2,127,330
Creditors: amounts falling due within one year		(2,512,522)	(2,681,697)
Net current assets (liabilities)		(449,792)	(554,367)
Total assets less current liabilities		923,009	822,073
Creditors: amounts falling due after more than one year		-	(7,371)
Total net assets (liabilities)		923,009	814,702
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		923,006	814,699
Shareholders' funds		923,009	814,702

For the year ending 31 March 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2016

And signed on their behalf by:
R Duance, Director

KARIS HOMES LIMITED Registered Number 04481100

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Fixtures & Fittings - 20% straight line

Valuation information and policy
All fixed assets are initially recorded at cost.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,577,655
Additions	1,611
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,579,266
Depreciation
At 1 April 2015	201,215
Charge for the year	5,250
On disposals	-
At 31 March 2016	206,465
Net book values
At 31 March 2016	1,372,801
At 31 March 2015	1,376,440

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3