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Company Registration No. 12626842 (England and Wales)
DR KARA LIMITED Unaudited accounts for the year ended 31 May 2024
DR KARA LIMITED Unaudited accounts Contents
Page
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DR KARA LIMITED Company Information for the year ended 31 May 2024
Director
Dr Kara Dawson
Company Number
12626842 (England and Wales)
Registered Office
134 GLEBE ROAD NORWICH NR2 3JQ
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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DR KARA LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,787 
17,241 
Current assets
Inventories
3,300 
4,800 
Debtors
4,500 
22,924 
Cash at bank and in hand
71,295 
45,445 
79,095 
73,169 
Creditors: amounts falling due within one year
(43,776)
(26,419)
Net current assets
35,319 
46,750 
Total assets less current liabilities
47,106 
63,991 
Provisions for liabilities
Deferred tax
(2,239)
(785)
Net assets
44,867 
63,206 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
44,865 
63,204 
Shareholders' funds
44,867 
63,206 
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 director acknowledges her 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 and authorised for issue on 12 February 2025 and were signed on its behalf by
Dr Kara Dawson Director Company Registration No. 12626842
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DR KARA LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
DR KARA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12626842. The registered office is 134 GLEBE ROAD, NORWICH, NR2 3JQ.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
33% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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DR KARA LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
17,979 
3,394 
21,373 
Revaluations
(416)
(67)
(483)
At 31 May 2024
17,563 
3,327 
20,890 
Depreciation
At 1 June 2023
2,117 
2,015 
4,132 
Charge for the year
3,862 
1,109 
4,971 
At 31 May 2024
5,979 
3,124 
9,103 
Net book value
At 31 May 2024
11,584 
203 
11,787 
At 31 May 2023
15,862 
1,379 
17,241 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,669 
Trade debtors
4,337 
29 
Accrued income and prepayments
163 
- 
Other debtors
- 
20,226 
4,500 
22,924 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,259 
- 
VAT
12,274 
- 
Trade creditors
596 
7,780 
Taxes and social security
16,333 
4,358 
Other creditors
11,772 
14,281 
Loans from directors
542 
- 
43,776 
26,419 
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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