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REGISTERED NUMBER: 10498930 (England and Wales)















Karmenz Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2024






Karmenz Ltd (Registered number: 10498930)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Karmenz Ltd

Company Information
for the year ended 31st December 2024







DIRECTOR: K J Menzel





REGISTERED OFFICE: 75 Birchfield Road
Northampton
NN1 4RG





REGISTERED NUMBER: 10498930 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Karmenz Ltd (Registered number: 10498930)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 47,430 37,421

CURRENT ASSETS
Debtors 6 29,582 23,354
Cash at bank 190,012 177,837
219,594 201,191
CREDITORS
Amounts falling due within one year 7 27,622 30,982
NET CURRENT ASSETS 191,972 170,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,402

207,630

CREDITORS
Amounts falling due after more than one
year

8

(9,904

)

(16,273

)

PROVISIONS FOR LIABILITIES 10 (9,000 ) (7,100 )
NET ASSETS 220,498 184,257

CAPITAL AND RESERVES
Called up share capital 11 110 110
Retained earnings 220,388 184,147
SHAREHOLDERS' FUNDS 220,498 184,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 11th February 2025 and were signed by:





K J Menzel - Director


Karmenz Ltd (Registered number: 10498930)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Karmenz 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company was that of motorcycle training.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements for the year ended 31st December 2024 comply with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland".

The significant accounting policies applied in the preparation of these financial statements are set out below.

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 cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Karmenz Ltd (Registered number: 10498930)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 2,284 91,407 6,373 100,064
Additions 901 41,187 943 43,031
Disposals - (20,639 ) - (20,639 )
At 31st December 2024 3,185 111,955 7,316 122,456
DEPRECIATION
At 1st January 2024 1,378 56,509 4,756 62,643
Charge for year 707 26,853 1,341 28,901
Eliminated on disposal - (16,518 ) - (16,518 )
At 31st December 2024 2,085 66,844 6,097 75,026
NET BOOK VALUE
At 31st December 2024 1,100 45,111 1,219 47,430
At 31st December 2023 906 34,898 1,617 37,421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,582 23,354

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 25,468 28,651
Other creditors 2,154 2,331
27,622 30,982

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 9,904 16,273

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 9,904 16,273

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,000 7,100

Karmenz Ltd (Registered number: 10498930)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2024 7,100
Provided during year 1,900
Balance at 31st December 2024 9,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100
10 Ordinary A 1 10 10
110 110