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REGISTERED NUMBER: 09294692 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Karpa Engineering Solutions Ltd.

Karpa Engineering Solutions Ltd. (Registered number: 09294692)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Karpa Engineering Solutions Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K G B Parker





REGISTERED OFFICE: Welvic Site
Hillhouse Industrial Estate
Thornton Cleveleys
FY5 4QD





REGISTERED NUMBER: 09294692 (England and Wales)





ACCOUNTANTS: KG Accountancy & Bookkeeping Services Limited
29 Whitegate Drive
Blackpool
Lancashire
FY3 9AA

Karpa Engineering Solutions Ltd. (Registered number: 09294692)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 112,400 136,400
Tangible assets 5 784,601 801,650
897,001 938,050

CURRENT ASSETS
Debtors 6 302,255 383,952
Cash at bank 20,700 4,299
322,955 388,251
CREDITORS
Amounts falling due within one year 7 633,460 492,286
NET CURRENT LIABILITIES (310,505 ) (104,035 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,496

834,015

CREDITORS
Amounts falling due after more than
one year

8

439,112

558,491
NET ASSETS 147,384 275,524

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,284 275,424
147,384 275,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Karpa Engineering Solutions Ltd. (Registered number: 09294692)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





K G B Parker - Director


Karpa Engineering Solutions Ltd. (Registered number: 09294692)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Karpa Engineering Solutions Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Karpa Engineering Solutions Ltd. (Registered number: 09294692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 136,400
AMORTISATION
Charge for year 24,000
At 31 March 2024 24,000
NET BOOK VALUE
At 31 March 2024 112,400
At 31 March 2023 136,400

Karpa Engineering Solutions Ltd. (Registered number: 09294692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 239,767 666,280 906,047
Additions 9,090 30,186 39,276
Disposals - (15,049 ) (15,049 )
At 31 March 2024 248,857 681,417 930,274
DEPRECIATION
At 1 April 2023 - 104,397 104,397
Charge for year 16,983 24,293 41,276
At 31 March 2024 16,983 128,690 145,673
NET BOOK VALUE
At 31 March 2024 231,874 552,727 784,601
At 31 March 2023 239,767 561,883 801,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 298,196 323,842
Other debtors 4,059 60,110
302,255 383,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 206,775 207,215
Trade creditors 111,390 159,414
Taxation and social security 249,509 94,992
Other creditors 65,786 30,665
633,460 492,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 712
Other creditors 439,112 557,779
439,112 558,491