Company Registration No. 12243407 (England and Wales)
Karma Supermarket Limited
Unaudited accounts
for the year ended 31 December 2024
Karma Supermarket Limited
Unaudited accounts
Contents
Karma Supermarket Limited
Company Information
for the year ended 31 December 2024
Director
Kunalkumar Babubhai Vaghasiya
Company Number
12243407 (England and Wales)
Registered Office
57 SOUTHWARK PARK ROAD
BERMONDSEY
LONDON
SE16 3TY
ENGLAND
Accountants
MAP Accounting Limited
26 Oakfield Avenue
Harrow
HA3 8TJ
Karma Supermarket Limited
Statement of financial position
as at 31 December 2024
Intangible assets
34,400
34,400
Cash at bank and in hand
28,222
31,147
Creditors: amounts falling due within one year
(175,545)
(220,373)
Net current liabilities
(10,856)
(19,303)
Called up share capital
2
2
Profit and loss account
23,898
15,570
Shareholders' funds
23,900
15,572
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 director acknowledges his 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 and authorised for issue on 12 September 2025 and were signed on its behalf by
Kunalkumar Babubhai Vaghasiya
Director
Company Registration No. 12243407
Karma Supermarket Limited
Notes to the Accounts
for the year ended 31 December 2024
Karma Supermarket Limited is a private company, limited by shares, registered in England and Wales, registration number 12243407. The registered office is 57 SOUTHWARK PARK ROAD, BERMONDSEY, LONDON, SE16 3TY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Other tangible fixed assets
25%
4
Intangible fixed assets
Goodwill
At 31 December 2024
43,000
At 31 December 2024
34,400
At 31 December 2023
34,400
Karma Supermarket Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due after more than one year
Other debtors
98,217
138,303
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,982
1,581
Loans from directors
171,431
217,968
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).