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REGISTERED NUMBER: 08741693 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

KARLA COSMETICS LTD

KARLA COSMETICS LTD (REGISTERED NUMBER: 08741693)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

KARLA COSMETICS LTD

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mrs K Rose
Mr S Rose





REGISTERED OFFICE: Unit E, Springfield Business Park
Alcester
Worcestershire
B49 6PU





REGISTERED NUMBER: 08741693 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

KARLA COSMETICS LTD (REGISTERED NUMBER: 08741693)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,576 12,563

CURRENT ASSETS
Debtors 5 11,320 218
Cash at bank and in hand 31,499 24,620
42,819 24,838
CREDITORS
Amounts falling due within one year 6 40,404 15,753
NET CURRENT ASSETS 2,415 9,085
TOTAL ASSETS LESS CURRENT LIABILITIES 15,991 21,648

CREDITORS
Amounts falling due after more than one year 7 (3,000 ) (5,000 )

PROVISIONS FOR LIABILITIES 8 (2,580 ) (2,387 )
NET ASSETS 10,411 14,261

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 10,311 14,161
SHAREHOLDERS' FUNDS 10,411 14,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KARLA COSMETICS LTD (REGISTERED NUMBER: 08741693)

Balance Sheet - continued
29th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:





Mr S Rose - Director


KARLA COSMETICS LTD (REGISTERED NUMBER: 08741693)

Notes to the Financial Statements
for the Year Ended 29th February 2024


1. STATUTORY INFORMATION

Karla Cosmetics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2023 - 4 ) .

KARLA COSMETICS LTD (REGISTERED NUMBER: 08741693)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st March 2023 10,804 10,012 550 21,366
Additions 1,585 3,343 825 5,753
At 29th February 2024 12,389 13,355 1,375 27,119
DEPRECIATION
At 1st March 2023 4,629 3,991 183 8,803
Charge for year 1,940 2,341 459 4,740
At 29th February 2024 6,569 6,332 642 13,543
NET BOOK VALUE
At 29th February 2024 5,820 7,023 733 13,576
At 28th February 2023 6,175 6,021 367 12,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,814 118
VAT 1,406 -
Called up share capital not paid 100 100
11,320 218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 1,889 -
Taxation and social security 20,255 11,984
Other creditors 16,260 1,769
40,404 15,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,000 5,000

KARLA COSMETICS LTD (REGISTERED NUMBER: 08741693)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,580 2,387

Deferred
tax
£   
Balance at 1st March 2023 2,387
Provided during year 193
Balance at 29th February 2024 2,580

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 1 100 100

10. RESERVES
Retained
earnings
£   

At 1st March 2023 14,161
Profit for the year 33,150
Dividends (37,000 )
At 29th February 2024 10,311

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Karla Cosmetics Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Karla Cosmetics Ltd for the year ended 29th February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Karla Cosmetics Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Karla Cosmetics Ltd and state those matters that we have agreed to state to the Board of Directors of Karla Cosmetics Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Karla Cosmetics Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Karla Cosmetics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Karla Cosmetics Ltd. You consider that Karla Cosmetics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Karla Cosmetics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST


Date: .............................................