1 December 2022 false No description of principal activity Taxfiler 2024.1 08306933business:PrivateLimitedCompanyLtd2022-12-012023-11-30 083069332022-11-30 083069332022-12-012023-11-30 08306933business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 08306933business:FilletedAccounts2022-12-012023-11-30 083069332023-11-30 08306933business:Director12022-12-012023-11-30 08306933business:RegisteredOffice2022-12-012023-11-30 083069332022-11-30 08306933core:WithinOneYear2023-11-30 08306933core:WithinOneYear2022-11-30 08306933core:AfterOneYear2023-11-30 08306933core:AfterOneYear2022-11-30 08306933core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 08306933core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 08306933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 08306933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 08306933core:PreviouslyStatedAmount2023-11-30 08306933core:PreviouslyStatedAmount2022-11-30 08306933business:SmallEntities2022-12-012023-11-30 08306933countries:EnglandWales2022-12-012023-11-30 08306933core:FurnitureFittings2022-11-30 08306933core:FurnitureFittings2022-12-012023-11-30 08306933core:FurnitureFittings2023-11-30 083069332021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 08306933 (England and Wales)
KARRMA LTD Unaudited accounts for the year ended 30 November 2023
KARRMA LTD Unaudited accounts Contents
Page
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KARRMA LTD Company Information for the year ended 30 November 2023
Director
Amitkumar Kalubhai Avaiya
Company Number
08306933 (England and Wales)
Registered Office
35 KINGSHILL AVENUE KENTON HARROW HA3 8JT ENGLAND
Accountants
Equifin Accountancy Ltd 87 Kingshill drive Harrow Middlesex HA3 8QQ
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KARRMA LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,361 
31,321 
Current assets
Inventories
130,520 
250,432 
Debtors
275,022 
637,820 
Cash at bank and in hand
42,227 
70,806 
447,769 
959,058 
Creditors: amounts falling due within one year
(344,355)
(787,251)
Net current assets
103,414 
171,807 
Total assets less current liabilities
129,775 
203,128 
Creditors: amounts falling due after more than one year
(116,010)
(159,786)
Net assets
13,765 
43,342 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,764 
43,341 
Shareholders' funds
13,765 
43,342 
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 April 2024 and were signed on its behalf by
Amitkumar Kalubhai Avaiya Director Company Registration No. 08306933
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KARRMA LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
KARRMA LTD is a private company, limited by shares, registered in England and Wales, registration number 08306933. The registered office is 35 KINGSHILL AVENUE, KENTON, HARROW, HA3 8JT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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KARRMA LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2022
41,089 
Additions
1,630 
At 30 November 2023
42,719 
Depreciation
At 1 December 2022
9,768 
Charge for the year
6,590 
At 30 November 2023
16,358 
Net book value
At 30 November 2023
26,361 
At 30 November 2022
31,321 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,523 
137,387 
Amounts due from group undertakings etc.
- 
5,080 
Accrued income and prepayments
- 
3,276 
Other debtors
254,499 
492,077 
275,022 
637,820 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
55,000 
59,155 
VAT
161 
16,472 
Trade creditors
223,597 
96,317 
Taxes and social security
1,363 
3,827 
Other creditors
4,006 
525,537 
Loans from directors
55,156 
74,367 
Accruals
5,072 
11,576 
344,355 
787,251 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
116,010 
154,786 
Other creditors
- 
5,000 
116,010 
159,786 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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