Company Registration No. 07143436 (England and Wales)
Karomi Ltd
Unaudited accounts
for the year ended 29 February 2024
Karomi Ltd
Unaudited accounts
Contents
Karomi Ltd
Company Information
for the year ended 29 February 2024
Directors
Harish MOHANBABU
Kalaichelvy MORO
Company Number
07143436 (England and Wales)
Registered Office
JSMUK
1 Peach Place
Wokingham
Berkshire
RG40 1LY
England
Accountants
JSM Accountants and Tax Advisors
1 Peach Place
Wokingham
RG40 1lY
Karomi Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
24,634
755
Cash at bank and in hand
247,663
108,917
Creditors: amounts falling due within one year
38,225
68,057
Net current assets
290,041
203,747
Net assets
314,675
204,502
Called up share capital
100
100
Profit and loss account
314,575
204,402
Shareholders' funds
314,675
204,502
For the year ending 29 February 2024 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 20 October 2024 and were signed on its behalf by
Harish MOHANBABU
Director
Company Registration No. 07143436
Karomi Ltd
Notes to the Accounts
for the year ended 29 February 2024
Karomi Ltd is a private company, limited by shares, registered in England and Wales, registration number 07143436. The registered office is JSMUK, 1 Peach Place, Wokingham, Berkshire, RG40 1LY, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
-
158
1,342
1,500
Additions
35,816
-
-
35,816
At 29 February 2024
35,816
158
1,342
37,316
At 1 March 2023
-
158
587
745
Charge for the year
11,937
-
-
11,937
At 29 February 2024
11,937
158
587
12,682
At 29 February 2024
23,879
-
755
24,634
At 28 February 2023
-
-
755
755
Amounts falling due within one year
Karomi Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
59,766
33,984
Other creditors
(21,393)
(21,393)
Loans from directors
(129,524)
(92,381)
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Average number of employees
During the year the average number of employees was 0 (2023: 0).