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Registered Number: 11218288
England and Wales

 

 

 

KARONDA CONSULTING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Director Bella Mistry
Registered Number 11218288
Registered Office 27 Old Gloucester Street
London
WC1N 3AX
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 28 February 2023.
Principal activities
Principal activity of the company during the financial year was of consultancy.
Director
The director who served the company throughout the year was as follows:
Bella Mistry

On behalf of the board.


----------------------------------
Bella Mistry
Director

Date approved: 01 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,476    776 
1,476    776 
Current assets      
Debtors 4 91,112    89,774 
Cash at bank and in hand 75,441    20,072 
166,553    109,846 
Creditors: amount falling due within one year 5 (31,632)   (26,105)
Net current assets 134,921    83,741 
 
Total assets less current liabilities 136,397    84,517 
Creditors: amount falling due after more than one year 6 (7,250)   (10,250)
Provisions for liabilities 7 (63)   (59)
Net assets 129,084    74,208 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 129,083    74,207 
Shareholder's funds 129,084    74,208 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 01 November 2023 and were signed by:


-------------------------------
Bella Mistry
Director
3
General Information
Karonda Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 11218288, registration address 27 Old Gloucester Street, London, WC1N 3AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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:
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2022 565    1,120    1,685 
Additions 932      932 
Disposals    
At 28 February 2023 1,497    1,120    2,617 
Depreciation
At 01 March 2022 141    768    909 
Charge for year 144    88    232 
On disposals    
At 28 February 2023 285    856    1,141 
Net book values
Closing balance as at 28 February 2023 1,212    264    1,476 
Opening balance as at 01 March 2022 424    352    776 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 10,112    8,135 
Amounts Recoverable on Contracts   639 
Other Debtors 81,000    81,000 
91,112    89,774 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts 3,000    3,000 
Social security and other tax 13,719    8,951 
Other Creditors 1,028    281 
Directors' Current Accounts 13,885    13,873 
31,632    26,105 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank loans - 1-2 years 3,000    3,000 
Bank loans - 2-5 years 4,250    7,250 
7,250    10,250 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 63    59 
63    59 

8.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Karonda Development Ltd81,000 81,000 

At the balance sheet date, Karonda Consulting Ltd had an outstanding debtor balance with Karonda Development Ltd, another company under the control of the director. The loan to Karonda Development Ltd is non-interest bearing and repayable on demand
9.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.
4