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REGISTERED NUMBER: 10940532 (England and Wales)












Karma House Limited

Unaudited Financial Statements

for the Year Ended 30 April 2022






Karma House Limited (Registered number: 10940532)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Karma House Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: Ms C Vetter
S Goldney





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Leighton Road
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 10940532 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Karma House Limited (Registered number: 10940532)

Balance Sheet
30 April 2022

30/4/22 30/4/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,017 34,037

CURRENT ASSETS
Stocks 13,125 10,994
Debtors 5 9,877 8,439
Cash at bank and in hand 38,706 14,125
61,708 33,558
CREDITORS
Amounts falling due within one
year

6

(48,169

)

(64,666

)
NET CURRENT ASSETS/(LIABILITIES) 13,539 (31,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,556

2,929

PROVISIONS FOR LIABILITIES 7 (7,223 ) (6,467 )
NET ASSETS/(LIABILITIES) 44,333 (3,538 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,233 (3,638 )
SHAREHOLDERS' FUNDS 44,333 (3,538 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

Karma House Limited (Registered number: 10940532)

Balance Sheet - continued
30 April 2022


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 11 August 2022 and were signed on its behalf by:





Ms C Vetter - Director


Karma House Limited (Registered number: 10940532)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Karma House Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover represents the gross invoiced value of sales of services and goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% straight line

Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

Karma House Limited (Registered number: 10940532)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2021 71,742 3,717 772 76,231
Additions 16,800 - - 16,800
At 30 April 2022 88,542 3,717 772 93,031
DEPRECIATION
At 1 May 2021 39,735 2,131 328 42,194
Charge for year 12,202 396 222 12,820
At 30 April 2022 51,937 2,527 550 55,014
NET BOOK VALUE
At 30 April 2022 36,605 1,190 222 38,017
At 30 April 2021 32,007 1,586 444 34,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Trade debtors 1,500 150
Other debtors 8,377 8,289
9,877 8,439



6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Trade creditors 5,765 1,540
Taxation and social security 16,564 587
Other creditors 25,840 62,539
48,169 64,666

7. PROVISIONS FOR LIABILITIES
30/4/22 30/4/21
£    £   
Deferred tax 7,223 6,467

Karma House Limited (Registered number: 10940532)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2021 6,467
Provided during year 756
Balance at 30 April 2022 7,223