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Logo On Report
Registered Number: 13677392
England and Wales

 

 

 

KARALA CREATIVE LONDON LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Director Samuli Karala
Registered Number 13677392
Registered Office Belgrave House
39-43 Monument Hill
Surrey
KT13 8RN
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 9,982    5,871 
Investments 4 860   
10,842    5,871 
Current assets      
Debtors 5   2,148 
Cash at bank and in hand 1,843    411 
1,843    2,559 
Creditors: amount falling due within one year 6 (4,190)   (4,276)
Net current assets (2,347)   (1,717)
 
Total assets less current liabilities 8,495    4,154 
Provisions for liabilities 7 (1,896)  
Net assets 6,599    4,154 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 6,499    4,054 
Shareholders' funds 6,599    4,154 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 12 March 2025 and were signed by:


-------------------------------
Samuli Karala
Director
2
General Information
Karala Creative London Ltd is a private company, limited by shares, registered in England and Wales, registration number 13677392, registration address Belgrave House, 39-43 Monument Hill, Surrey, KT13 8RN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 33% Straight Line
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 November 2022 4,540      3,395    7,935 
Additions 5,023    2,263    447    7,733 
Disposals      
At 31 October 2023 9,563    2,263    3,842    15,668 
Depreciation
At 01 November 2022 933      1,131    2,064 
Charge for year 2,282    149    1,191    3,622 
On disposals      
At 31 October 2023 3,215    149    2,322    5,686 
Net book values
Closing balance as at 31 October 2023 6,348    2,114    1,520    9,982 
Opening balance as at 01 November 2022 3,607      2,264    5,871 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 November 2022  
Additions 860    860 
Transfer to/from tangible fixed assets  
Disposals  
At 31 October 2023 860    860 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   1,896 
Other Debtors   252 
  2,148 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 2,232    4,120 
Accrued Expenses 1,800   
Other Creditors 1   
Directors' Current Accounts 157    156 
4,190    4,276 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 1,896   
1,896   

3