1 January 2023 false Taxfiler 2024.5 10536329business:PrivateLimitedCompanyLtd2023-01-012023-12-31 105363292022-12-31 105363292023-01-012023-12-31 10536329business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 10536329business:FilletedAccounts2023-01-012023-12-31 105363292023-12-31 10536329business:Director12023-01-012023-12-31 10536329business:Director22023-01-012023-12-31 10536329business:RegisteredOffice2023-01-012023-12-31 105363292022-12-31 10536329core:WithinOneYear2023-12-31 10536329core:WithinOneYear2022-12-31 10536329core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10536329core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10536329core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10536329core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10536329core:PreviouslyStatedAmount2023-12-31 10536329core:PreviouslyStatedAmount2022-12-31 10536329business:SmallEntities2023-01-012023-12-31 10536329countries:EnglandWales2023-01-012023-12-31 10536329core:PlantMachinery2023-01-012023-12-31 10536329core:PlantMachinery2022-12-31 10536329core:MotorVehicles2022-12-31 10536329core:PlantMachinery2023-12-31 10536329core:MotorVehicles2023-12-31 10536329core:MotorVehicles2023-01-012023-12-31 105363292022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10536329 (England and Wales)
Karma Solutions Limited Unaudited accounts for the year ended 31 December 2023
Karma Solutions Limited Unaudited accounts Contents
Page
- 2 -
Karma Solutions Limited Company Information for the year ended 31 December 2023
Directors
Karthika Anagha Devarakonda Venkata Satyanarayana Varma Patchamatla
Company Number
10536329 (England and Wales)
Registered Office
22 Flowe Drive Wantage OX12 7GS
Accountants
Relax Tax Limited 5 Central Parade Station Road Sidcup Kent DA15 7DH
- 3 -
Karma Solutions Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,819 
34,956 
Investments
11,310 
11,310 
34,129 
46,266 
Current assets
Debtors
1,580 
1,777 
Cash at bank and in hand
37,923 
56,724 
39,503 
58,501 
Creditors: amounts falling due within one year
(73,186)
(99,307)
Net current liabilities
(33,683)
(40,806)
Net assets
446 
5,460 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
346 
5,360 
Shareholders' funds
446 
5,460 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by
Venkata Satyanarayana Varma Patchamatla Director Company Registration No. 10536329
- 4 -
Karma Solutions Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Karma Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10536329. The registered office is 22 Flowe Drive, Wantage, OX12 7GS.
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:
Plant & machinery
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
9,185 
42,735 
51,920 
At 31 December 2023
9,185 
42,735 
51,920 
Depreciation
At 1 January 2023
6,280 
10,684 
16,964 
Charge for the year
1,453 
10,684 
12,137 
At 31 December 2023
7,733 
21,368 
29,101 
Net book value
At 31 December 2023
1,452 
21,367 
22,819 
At 31 December 2022
2,905 
32,051 
34,956 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
11,310 
Valuation at 31 December 2023
11,310 
- 5 -
Karma Solutions Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,580 
1,777 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,489 
42,686 
VAT
3,136 
5,996 
Obligations under finance leases and hire purchase contracts
34,079 
38,160 
Taxes and social security
19,988 
9,354 
Loans from directors
2,694 
711 
Accruals
1,800 
2,400 
73,186 
99,307 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -