KAMA FINANCIAL SOLUTIONS LTD

Company Registration Number:
06289948 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

KAMA FINANCIAL SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

KAMA FINANCIAL SOLUTIONS LTD

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,718 3,826
Total fixed assets: 2,718 3,826
Current assets
Debtors: 4 90,112 105,985
Cash at bank and in hand: 120,281 149,866
Total current assets: 210,393 255,851
Creditors: amounts falling due within one year: 5 (48,648) (53,554)
Net current assets (liabilities): 161,745 202,297
Total assets less current liabilities: 164,463 206,123
Provision for liabilities: (679) (727)
Total net assets (liabilities): 163,784 205,396
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 163,782 205,394
Shareholders funds: 163,784 205,396

The notes form part of these financial statements

KAMA FINANCIAL SOLUTIONS LTD

Balance sheet statements

For the year ending 30 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 November 2024
and signed on behalf of the board by:

Name: M C S Kelynack
Status: Director

The notes form part of these financial statements

KAMA FINANCIAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

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

Turnover policy

Income is recognised when clients have been invoiced for mortgage advice and commission has been earned on mortgage products sold.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking into account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

Other accounting policies

1. Taxation. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. Current or deferred tax for the year is recognised in the profit and loss account. 2. Short term debtors and creditors. Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss. 3. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. 4. Employee benefits. The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

KAMA FINANCIAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 4 5

KAMA FINANCIAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 55,922
At 30 September 2024 55,922
Depreciation
At 01 October 2023 52,096
Charge for year 1,108
At 30 September 2024 53,204
Net book value
At 30 September 2024 2,718
At 30 September 2023 3,826

KAMA FINANCIAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

KAMA FINANCIAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

Trade creditors £21,462. Corporation Tax £24,639. Directors' loan account £607. Accruals £1,940.