Registered number
12758140
KARMEN LTD
Filleted Accounts
28 February 2025
KARMEN LTD
Registered number: 12758140
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 881 1,073
Current assets
Debtors 4 7,120 4,860
Cash at bank and in hand 327 2,992
7,447 7,852
Creditors: amounts falling due within one year 5 (3,080) (4,901)
Net current assets 4,367 2,951
Net assets 5,248 4,024
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,148 3,924
Shareholder's funds 5,248 4,024
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Meral GUNES
Director
Approved by the board on 5 June 2025
KARMEN LTD
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value @ 18% per annum ( reducing balance method).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 March 2024 1,309
At 28 February 2025 1,309
Depreciation
At 1 March 2024 236
Charge for the year 192
At 28 February 2025 428
Net book value
At 28 February 2025 881
At 29 February 2024 1,073
4 Debtors 2025 2024
£ £
Trade debtors 7,120 4,860
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,550 1,500
Taxation and social security costs 1,531 1,702
Other creditors (1) 1,699
3,080 4,901
6 Other information
KARMEN LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 , Kinetica
13 Ramsgate Streeet
London
E8 2FD
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