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Company Registration No. 10536329 (England and Wales)
Karma Solutions Limited Unaudited accounts for the year ended 31 December 2024
Karma Solutions Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Karma Solutions Limited Company Information for the year ended 31 December 2024
Directors
Karthika Anagha Devarakonda Venkata Satyanarayana Varma Patchamatla
Company Number
10536329 (England and Wales)
Registered Office
22 Flowe Drive Wantage OX12 7GS
Accountants
Relax Tax Limited 5 Central Parade Station Road Sidcup Kent DA15 7DH
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Karma Solutions Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,683 
22,819 
Investments
5
11,310 
11,310 
21,993 
34,129 
Current assets
Debtors
6
3,164 
1,580 
Cash at bank and in hand
17,134 
37,923 
20,298 
39,503 
Creditors: amounts falling due within one year
7
(41,940)
(73,186)
Net current liabilities
(21,642)
(33,683)
Net assets
351 
446 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
251 
346 
Shareholders' funds
351 
446 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Venkata Satyanarayana Varma Patchamatla Director Company Registration No. 10536329
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Karma Solutions Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Karma Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10536329. The registered office is 22 Flowe Drive, Wantage, OX12 7GS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
9,185 
42,735 
51,920 
At 31 December 2024
9,185 
42,735 
51,920 
Depreciation
At 1 January 2024
7,733 
21,368 
29,101 
Charge for the year
1,452 
10,684 
12,136 
At 31 December 2024
9,185 
32,052 
41,237 
Net book value
At 31 December 2024
- 
10,683 
10,683 
At 31 December 2023
1,452 
21,367 
22,819 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
11,310 
Valuation at 31 December 2024
11,310 
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Karma Solutions Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,164 
1,580 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,211 
11,489 
VAT
1,619 
3,136 
Obligations under finance leases and hire purchase contracts
26,784 
34,079 
Taxes and social security
9,392 
19,988 
Loans from directors
(9,786)
2,694 
Accruals
720 
1,800 
41,940 
73,186 
8
Transactions with related parties
Director's loan account was overdrawn by £9,786 at the balance sheet date, which was repaid to the company on 25th September 2025.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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