REGISTERED NUMBER: 06748269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GUNNERSBURY INSTANT KARMA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R O Mogliany

Mrs L Mogliany

SECRETARY:

REGISTERED OFFICE:

222 Upper Richmond Road West

London

SW14 8AH

REGISTERED NUMBER:

06748269 (England and Wales)

ACCOUNTANTS:

K S Goring & Co Chartered Accountants

222 Upper Richmond Road West

London

SW14 8AH

FIXED ASSETS

Tangible assets

4

144,181

184,472

CURRENT ASSETS

Stocks

7,705

8,021

Debtors

5

70,989

7,461

Cash in hand

200

200

78,894

15,682

CREDITORS

Amounts falling due within one year

6

176,566

193,783

NET CURRENT LIABILITIES

(97,672

)

(178,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,509

6,371

CREDITORS

Amounts falling due after more than one year

7

88,131

59,056

NET LIABILITIES

(41,622

)

(52,685

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(41,722

)

(52,785

)

(41,622

)

(52,685

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs L Mogliany - Director

R O Mogliany - Director

1.	STATUTORY INFORMATION

Gunnersbury Instant Karma 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Basis of Preparation and Going Concern

The financial statements have been prepared on a going concern basis. The company had net liabilities of £41,622 as at 31 December 2024.

The directors have reviewed the company's forecasts including cashflow forecast and are confident of the company's ability to continue trading for the foreseeable future.

The directors have confirmed their intention to support the company financially for at least 12 months from the date of approval of these financial statements. This support includes securing further loans with personal guarantees and providing additional personal funds if required. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company's workplace pension scheme for its employees is provided through automatic enrolment pension scheme in line with Government legislation.

Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions.

Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

312,593

83,150

395,743

DEPRECIATION

At 1 January 2024

155,938

55,333

211,271

Charge for year

31,259

9,032

40,291

At 31 December 2024

187,197

64,365

251,562

NET BOOK VALUE

At 31 December 2024

125,396

18,785

144,181

At 31 December 2023

156,655

27,817

184,472

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

70,989

7,461

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

70,087

44,933

Trade creditors

2,537

497

Taxation and social security

35,547

44,289

Other creditors

68,395

104,064

176,566

193,783

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

88,131

59,056

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

12,155

5,231

Bank loans

30,896

-

Funding circle loan

20,418

24,440

HSBC BB Loan

6,618

6,618

Maxcap loan

-

8,644

70,087

44,933

Amounts falling due between two and five years:

Bank Loans

88,131

59,056

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors/shareholders.