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REGISTERED NUMBER: SC331053 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Karma Healthcare Limited

Karma Healthcare Limited (Registered number: SC331053)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Karma Healthcare Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs K P Dhesi
J M Steele





SECRETARY: Mrs K P Dhesi





REGISTERED OFFICE: 1 Moorfield Lane
Gourock
PA19 1LN





REGISTERED NUMBER: SC331053 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Karma Healthcare Limited (Registered number: SC331053)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 600 600
Debtors 5 451,026 478,932
Cash at bank - 18,945
451,626 498,477
CREDITORS
Amounts falling due within one year 6 632,619 364,580
NET CURRENT (LIABILITIES)/ASSETS (180,993 ) 133,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

(180,993

)

133,897

CREDITORS
Amounts falling due after more than one
year

7

(19,079

)

(29,108

)

ACCRUALS AND DEFERRED INCOME (16,416 ) (16,416 )
NET (LIABILITIES)/ASSETS (216,488 ) 88,373

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (216,491 ) 88,370
SHAREHOLDERS' FUNDS (216,488 ) 88,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Karma Healthcare Limited (Registered number: SC331053)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by:





Mrs K P Dhesi - Director


Karma Healthcare Limited (Registered number: SC331053)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Karma Healthcare Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2022 - 91 ) .

Karma Healthcare Limited (Registered number: SC331053)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 22,858
DEPRECIATION
At 1 October 2022
and 30 September 2023 22,858
NET BOOK VALUE
At 30 September 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 445,706 458,943
Other debtors 5,320 19,989
451,026 478,932

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,765 10,648
Trade creditors 11,851 847
Taxation and social security 512,539 264,774
Other creditors 97,464 88,311
632,619 364,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,079 29,108