2022-08-302022-12-312022-12-31false14322872KARATAGE SERVICES 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KARATAGE SERVICES LIMITED

Registered Number
14322872
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2022

KARATAGE SERVICES LIMITED
Company Information
for the period from 30 August 2022 to 31 December 2022

Directors

ALPORT, Leigh-Ann
BARNETT, Marius Lance Morris

Registered Address

40 Portland Place
London
W1B 1NB

Registered Number

14322872 (England and Wales)
KARATAGE SERVICES LIMITED
Balance Sheet as at
31 December 2022

Notes

2022

£

£

Current assets
Debtors5382,795
Cash at bank and on hand382,749
765,544
Creditors amounts falling due within one year6(748,097)
Net current assets (liabilities)17,447
Total assets less current liabilities17,447
Net assets17,447
Capital and reserves
Profit and loss account17,447
Shareholders' funds17,447
The financial statements were approved and authorised for issue by the Board of Directors on 15 November 2023, and are signed on its behalf by:
BARNETT, Marius Lance Morris
Director
Registered Company No. 14322872
KARATAGE SERVICES LIMITED
Notes to the Financial Statements
for the period ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentational currency of the financial statements is GBP.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

2022
Average number of employees during the year3
5.Debtors

2022

£
Other debtors5,486
Prepayments and accrued income377,309
Total382,795
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors within one year

2022

£
Trade creditors / trade payables736,069
Taxation and social security8,857
Accrued liabilities and deferred income3,171
Total748,097
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.