KARAGEORGE CORPORATION LIMITED

Company Registration Number:
07505624 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

KARAGEORGE CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

KARAGEORGE CORPORATION LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 1,555,668 738,884
Tangible assets: 4 33,571 26,661
Total fixed assets: 1,589,239 765,545
Current assets
Stocks: 1,569,500 790,485
Debtors:     27,553
Cash at bank and in hand: 4,227 420,769
Total current assets: 1,573,727 1,238,807
Creditors: amounts falling due within one year:   (853,668) (386,102)
Net current assets (liabilities): 720,059 852,705
Total assets less current liabilities: 2,309,298 1,618,250
Creditors: amounts falling due after more than one year:   (1,459,992) (695,209)
Total net assets (liabilities): 849,306 923,041
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 849,206 922,941
Shareholders funds: 849,306 923,041

The notes form part of these financial statements

KARAGEORGE CORPORATION LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 October 2024
and signed on behalf of the board by:

Name: MICHAEL KARAGEORG
Status: Director

The notes form part of these financial statements

KARAGEORGE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

KARAGEORGE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 12 10

KARAGEORGE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 738,884
Additions 816,784
At 31 January 2024 1,555,668
Net book value
At 31 January 2024 1,555,668
At 31 January 2023 738,884

KARAGEORGE CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 26,661
Additions 18,101
At 31 January 2024 44,762
Depreciation
At 01 February 2023 0
Charge for year 11,191
At 31 January 2024 11,191
Net book value
At 31 January 2024 33,571
At 31 January 2023 26,661