Registered Number:05782751 |
For the year ended 31 March 2023
England and Wales
Report of the Directors and Financial Statements
For the year ended 31 March 2023
KARMA DBA LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
KARMA DBA LIMITED
Statement of Financial Position
2022
2023
Property, plant and equipment |
10,819
13,671
2
10,819
13,671
Trade and other receivables |
22,600
80,400
3
13,057
Cash and cash equivalents |
1,527
81,927
35,657
Trade and other payables: amounts falling due within one |
year |
(14,402)
(65,675)
4
21,255
16,252
Net current assets
Total assets less current liabilities |
27,071
34,926
Trade and other payables: amounts falling due after more |
than one year |
(29,466)
(22,672)
5
4,399
Net assets
5,460
1,000
1,000
3,399
4,460
4,399
5,460
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 15 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
KARMA DBA LIMITED
Notes to the Financial Statements
Statutory Information
KARMA DBA LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05782751. |
3 Mayfield Avenue
Harrow
Middlesex
HA3 8EX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
2. Property, plant and equipment |
27,712
21,241
6,471
753
-
753
7,224
21,241
28,465
Provision for depreciation and impairment |
14,041
11,610
2,431
Charge for year
3,605
2,407
1,198
17,646
14,017
3,629
3,595
7,224
10,819
4,040
9,631
13,671
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For the year ended 31 March 2023
KARMA DBA LIMITED
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
80,400
18,600
Amounts owed by group undertakings and participating interests |
-
4,000
22,600
80,400
4. Trade and other payables: amounts falling due within one year |
2022
2023
1,892
2,830
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
53,000
-
Taxation and social security |
10,633
10,422
150
1,150
65,675
14,402
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
22,672
29,466
6. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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