Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12608609 Mr Ashish Paul Ms Maria Fernandez Otero iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12608609 2023-05-31 12608609 2024-05-31 12608609 2023-06-01 2024-05-31 12608609 frs-core:CurrentFinancialInstruments 2024-05-31 12608609 frs-core:ComputerEquipment 2024-05-31 12608609 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12608609 frs-core:ComputerEquipment 2023-05-31 12608609 frs-core:FurnitureFittings 2024-05-31 12608609 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12608609 frs-core:FurnitureFittings 2023-05-31 12608609 frs-core:MotorVehicles 2024-05-31 12608609 frs-core:MotorVehicles 2023-06-01 2024-05-31 12608609 frs-core:MotorVehicles 2023-05-31 12608609 frs-core:ShareCapital 2024-05-31 12608609 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12608609 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12608609 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12608609 frs-bus:SmallEntities 2023-06-01 2024-05-31 12608609 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12608609 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12608609 frs-bus:Director1 2023-06-01 2024-05-31 12608609 frs-bus:Director2 2023-06-01 2024-05-31 12608609 frs-countries:EnglandWales 2023-06-01 2024-05-31 12608609 2022-05-31 12608609 2023-05-31 12608609 2022-06-01 2023-05-31 12608609 frs-core:CurrentFinancialInstruments 2023-05-31 12608609 frs-core:ShareCapital 2023-05-31 12608609 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12608609
GOODS KARMA WORLDWIDE LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Ecommerce Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12608609
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,252 8,336
6,252 8,336
CURRENT ASSETS
Stocks 5 71,672 53,479
Debtors 6 37,093 62,397
Cash at bank and in hand 102,716 46,552
211,481 162,428
Creditors: Amounts Falling Due Within One Year 7 (178,746 ) (188,101 )
NET CURRENT ASSETS (LIABILITIES) 32,735 (25,673 )
TOTAL ASSETS LESS CURRENT LIABILITIES 38,987 (17,337 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,188 ) (1,584 )
NET ASSETS/(LIABILITIES) 37,799 (18,921 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 37,797 (18,923 )
SHAREHOLDERS' FUNDS 37,799 (18,921)
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ashish Paul
Director
22/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GOODS KARMA WORLDWIDE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12608609 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.

The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on a reducing balance basis.
Fixtures & Fittings 25% on a reducing balance basis.
Computer Equipment 25% on a reducing balance basis.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

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 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.
2.7. Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising
from impairment are recognised in the profit and loss account.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 14,850 3,275 583 18,708
As at 31 May 2024 14,850 3,275 583 18,708
Depreciation
As at 1 June 2023 8,585 1,641 146 10,372
Provided during the period 1,566 409 109 2,084
As at 31 May 2024 10,151 2,050 255 12,456
Net Book Value
As at 31 May 2024 4,699 1,225 328 6,252
As at 1 June 2023 6,265 1,634 437 8,336
5. Stocks
2024 2023
£ £
Finished goods 71,672 53,479
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6 27,163
Other debtors 37,087 35,234
37,093 62,397
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,416 336
Other creditors 138,049 170,577
Taxation and social security 38,281 17,188
178,746 188,101
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4