KARZ LIMITED 31/03/2025 iXBRL

Company registration number: 6144440

KARZ LIMITED

Trading as KARZ LIMITED

Unaudited filleted financial statements

31 March 2025

KARZ LIMITED

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

KARZ LIMITED

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	26,534		39,801
Tangible assets	6	7,438		9,916
		_______		_______
			33,972		49,717

Current assets
Debtors	7	3,209,341		3,331,379
Cash at bank and in hand		132,732		61,661
		_______		_______
		3,342,073		3,393,040
Creditors: amounts falling due
within one year	8	( 285,422)		( 336,669)
		_______		_______
Net current assets			3,056,651		3,056,371
			_______		_______
Total assets less current liabilities			3,090,623		3,106,088

Creditors: amounts falling due
after more than one year	9		-		( 108,333)
			_______		_______
Net assets			3,090,623		2,997,755
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			3,090,523		2,997,655
			_______		_______
Shareholders funds			3,090,623		2,997,755
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 November 2025 , and are signed on behalf of the board by:

Dr Arif Jiwa

Director

Company registration number: 6144440

KARZ LIMITED

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	100	2,723,927	2,724,027

Profit for the year		321,728	321,728
	_______	_______	_______
Total comprehensive income for the year	-	321,728	321,728

Dividends paid and payable		( 48,000)	( 48,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 48,000)	( 48,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	2,997,655	2,997,755

Profit for the year		152,868	152,868
	_______	_______	_______
Total comprehensive income for the year	-	152,868	152,868

Dividends paid and payable		( 60,000)	( 60,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 60,000)	( 60,000)

	_______	_______	_______
At 31 March 2025	100	3,090,523	3,090,623
	_______	_______	_______

KARZ LIMITED

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 60a High Road, Broxbourne, Hertfordshire, EN10 7NF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 15 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	265,340	265,340
	_______	_______
Amortisation
At 1 April 2024	225,539	225,539
Charge for the year	13,267	13,267
	_______	_______
At 31 March 2025	238,806	238,806
	_______	_______
Carrying amount
At 31 March 2025	26,534	26,534
	_______	_______
At 31 March 2024	39,801	39,801
	_______	_______

6. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	31,518	31,518
	_______	_______
Depreciation
At 1 April 2024	21,601	21,601
Charge for the year	2,479	2,479
	_______	_______
At 31 March 2025	24,080	24,080
	_______	_______
Carrying amount
At 31 March 2025	7,438	7,438
	_______	_______
At 31 March 2024	9,917	9,917
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	20,039	18,336
Other debtors	3,189,302	3,313,043
	_______	_______
	3,209,341	3,331,379
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	55,640	110,968
Other creditors	229,782	225,701
	_______	_______
	285,422	336,669
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
NatWest Bank CBLIS Loan	-	108,333
	_______	_______