Kamara Strategies Ltd Filleted Accounts Cover
Kamara Strategies Ltd
Company No. 12159134
Information for Filing with The Registrar
31 December 2023
Kamara Strategies Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was risk management, risk assessment and also research.
Director
The Director who served at any time during the year was as follows:
O. Iacobovitz
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
O. Iacobovitz
Director
26 September 2024
Kamara Strategies Ltd Balance Sheet Registrar
at
31 December 2023
Company No.
12159134
Notes
2023
2022
$
$
Fixed assets
Tangible assets
4
11,31011,374
11,31011,374
Current assets
Debtors
5
137,628179,767
Cash at bank and in hand
694,520695,923
832,148875,690
Creditors: Amount falling due within one year
6
(572,136)
(719,700)
Net current assets
260,012155,990
Total assets less current liabilities
271,322167,364
Net assets
271,322167,364
Capital and reserves
Called up share capital
1,2091,209
Profit and loss account
8
270,113166,155
Total equity
271,322167,364
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 December 2023 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 September 2024 and signed on its behalf by:
O. Iacobovitz
Director
26 September 2024
Kamara Strategies Ltd Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Kamara Strategies Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12159134
Its registered office is:
201 Haverstock Hill
Second Floor
London
England
NW3 4QG
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is US Dollar. The accounts are rounded to the nearest dollar.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
65
4
Tangible fixed assets
Total
$
Cost or revaluation
At 1 January 2023
15,165
Additions
7,222
At 31 December 2023
22,387
Depreciation
At 1 January 2023
3,791
Charge for the year
7,286
At 31 December 2023
11,077
Net book values
At 31 December 2023
11,310
At 31 December 2022
11,374
5
Debtors
2023
2022
$
$
Trade debtors
30,12578,342
Amounts owed by group undertakings
100,000100,000
Other debtors
1,2091,209
Prepayments and accrued income
6,294216
137,628179,767
6
Creditors:
amounts falling due within one year
2023
2022
$
$
Bank loans and overdrafts
46590
Trade creditors
21,60331,289
Taxes and social security
37,234
22,144
Other creditors
1,115698
Accruals and deferred income
512,138664,979
572,136719,700
7
Share Capital
1,000 Ordinary shares of £1 each ($1.21)
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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