KARCSHAM LTD

Company Registration Number:
14848928 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 5 May 2023

End date: 31 May 2024

KARCSHAM LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes

KARCSHAM LTD

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Fixed assets
Intangible assets: 3 5,000
Tangible assets: 4 3,000
Investments:   0
Total fixed assets: 8,000
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 15,401
Total current assets: 15,401
Creditors: amounts falling due within one year: 5 ( 15,377 )
Net current assets (liabilities): 24
Total assets less current liabilities: 8,024
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 8,024
Capital and reserves
Called up share capital: 1,000
Share premium account: 0
Other reserves: 0
Profit and loss account: 7,024
Total Shareholders' funds: 8,024

The notes form part of these financial statements

KARCSHAM LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 July 2024
and signed on behalf of the board by:

Name: Mustafa Ismael
Status: Director

The notes form part of these financial statements

KARCSHAM LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Policy The company recognizes turnover as revenue earned from the provision of digital services, technology solutions, and subscription-based payments. Revenue is recorded when the service is delivered, and the customer is billed, following the accrual accounting principle. - Subscription-based revenue (e.g., Starlink bills, Netflix, and software subscriptions) is recognized on a monthly basis when the service period starts. - Digital product sales and online services revenue is recognized upon completion of service or digital product delivery. - Payments are received electronically, and no revenue is recognized until the transaction is confirmed and non-refundable.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets Depreciation Policy The company applies depreciation to tangible fixed assets to allocate their cost over their useful life in accordance with FRS 102 standards. Depreciation is calculated using the straight-line method, based on the estimated useful life of each asset category: Computers & Laptops: Depreciated over 3 years at a rate of 33.33% per year. Tablets & Mobile Phones: Depreciated over 2 years at a rate of 50% per year. Other Office Equipment (if applicable): Depreciated over 5 years at a rate of 20% per year.

    Intangible fixed assets amortisation policy

    The company amortises intangible fixed assets in accordance with FRS 102 to systematically allocate their cost over their estimated useful life. The straight-line method is applied as follows: Website Development Costs: Amortised over 3 years at a rate of 33.33% per year. Amortisation expense is recorded annually in the profit and loss account. The company reviews intangible assets regularly for impairment, and any necessary adjustments are made accordingly.

KARCSHAM LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 1

KARCSHAM LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 0 5,000 5,000
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 May 2024 0 5,000 5,000
Amortisation
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 May 2024 0 0 0
Net book value
At 31 May 2024 0 5,000 5,000

KARCSHAM LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 0 0 3,000 0 3,000
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 May 2024 0 0 0 3,000 0 3,000
Depreciation
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 May 2024 0 0 0 0 0 0
Net book value
At 31 May 2024 0 0 0 3,000 0 3,000

KARCSHAM LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

13 months to 31 May 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 15,377
Total 15,377