Registered number
11748804
KAREN HRM LIMITED
Filleted Accounts
31 January 2024
KAREN HRM LIMITED
Registered number: 11748804
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,952 3,937
Current assets
Debtors 4 2,084 2,118
Cash at bank and in hand 1,397 4,224
3,481 6,342
Creditors: amounts falling due within one year 5 (11,067) (7,443)
Net current liabilities (7,586) (1,101)
Total assets less current liabilities (4,634) 2,836
Creditors: amounts falling due after more than one year 6 (10,999) (13,028)
Net liabilities (15,633) (10,192)
Capital and reserves
Called up share capital 100 100
Profit and loss account (15,733) (10,292)
Shareholder's funds (15,633) (10,192)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Karen Dolan
Director
Approved by the board on 25 September 2024
KAREN HRM LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, Fixtures and Fittings 25% Reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 8,179
At 31 January 2024 8,179
Depreciation
At 1 February 2023 4,242
Charge for the year 985
At 31 January 2024 5,227
Net book value
At 31 January 2024 2,952
At 31 January 2023 3,937
4 Debtors 2024 2023
£ £
Trade debtors 2,084 2,118
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,025 2,025
Other creditors 9,042 5,418
11,067 7,443
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,999 13,028
7 Other information
KAREN HRM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Airport House,
Purley Way,
Croydon,
United Kingdom,
CR0 0XZ
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