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Registered Number: 11756293
England and Wales

 

 

 

POSITIVE KARMA LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
  2024   2023
    £ £   £ £
Fixed assets   18      286 
Current assets 66,813      61,210   
Creditors: amount falling due within one year (53,041)     (49,110)  
Net current assets   13,772      12,100 
Total assets less current liabilities   13,790      12,386 
Net assets   13,790      12,386 
 

         
Capital and reserves   13,790      12,386 
 
NOTES TO THE ACCOUNTS

General Information
Positive Karma Limited is a private company, limited by shares, registered in England and Wales, registration number 11756293, registration address 3 Belvedere Way, Kenton, Harrow, Middlesex, HA3 9XQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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:
Computer Equipment 5 years Straight Line
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 February 2023 1,340    1,340 
Additions  
Disposals  
At 31 January 2024 1,340    1,340 
Depreciation
At 01 February 2023 1,054    1,054 
Charge for year 268    268 
On disposals  
At 31 January 2024 1,322    1,322 
Net book values
Closing balance as at 31 January 2024 18    18 
Opening balance as at 01 February 2023 286    286 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 01 March 2024 and were signed by:


--------------------------------
Kalpa Lathia
Director
1