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Company Registration No. 07143436 (England and Wales)
Karomi Ltd Unaudited accounts for the year ended 29 February 2024
Karomi Ltd Unaudited accounts Contents
Page
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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
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Karomi Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,634 
755 
Current assets
Debtors
4,153 
26,773 
Cash at bank and in hand
247,663 
108,917 
251,816 
135,690 
Creditors: amounts falling due within one year
38,225 
68,057 
Net current assets
290,041 
203,747 
Net assets
314,675 
204,502 
Capital and reserves
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
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Karomi Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
4
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 
Depreciation
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 
Net book value
At 29 February 2024
23,879 
- 
755 
24,634 
At 28 February 2023
- 
- 
755 
755 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
22,620 
Other debtors
4,153 
4,153 
4,153 
26,773 
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Karomi Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,948 
11,133 
Trade creditors
36,378 
- 
Taxes and social security
59,766 
33,984 
Other creditors
(21,393)
(21,393)
Loans from directors
(129,524)
(92,381)
Accruals
600 
600 
(38,225)
(68,057)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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