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Registered number: 12608609
GOODS KARMA WORLDWIDE LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2025
Ecommerce Accountants LLP
GOODS KARMA WORLDWIDE LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
GOODS KARMA WORLDWIDE LIMITED
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 12608609

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 47,998 |  | 6,252
|  |  | 47,998 |  | 6,252
CURRENT ASSETS
Stocks | 5 | 36,050 |  | 71,672 |
Debtors | 6 | 120,466 |  | 37,093 |
Cash at bank and in hand |  | 108,492 |  | 102,716 |
|  | 265,008 |  | 211,481 |
Creditors: Amounts Falling Due Within One Year | 7 | (204,379 ) |  | (178,746 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 60,629 |  | 32,735
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 108,627 |  | 38,987
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (43,567 ) |  | -
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (9,120 ) |  | (1,188 )
NET ASSETS |  |  | 55,940 |  | 37,799
CAPITAL AND RESERVES
Called up share capital | 10 |  | 2 |  | 2
Profit and Loss Account |  |  | 55,938 |  | 37,797
SHAREHOLDERS' FUNDS |  |  | 55,940 |  | 37,799

Page 1
Page 2
GOODS KARMA WORLDWIDE LIMITED
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Ashish Paul Director
06/02/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
GOODS KARMA WORLDWIDE LIMITED
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
GOODS KARMA WORLDWIDE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12608609 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% on a reducing balance basis.
Motor Vehicles | 25% on a reducing balance basis.
Fixtures & Fittings | 25% on a reducing balance basis.
Computer Equipment | 25% on a reducing balance basis.

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
GOODS KARMA WORLDWIDE LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising
from impairment are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 June 2024 | 14,850 | 3,275 | 583 | 18,708
Additions | 46,290 | 11,456 | - | 57,746
As at 31 May 2025 | 61,140 | 14,731 | 583 | 76,454
Depreciation
As at 1 June 2024 | 10,151 | 2,050 | 255 | 12,456
Provided during the period | 12,748 | 3,170 | 82 | 16,000
As at 31 May 2025 | 22,899 | 5,220 | 337 | 28,456
Net Book Value
As at 31 May 2025 | 38,241 | 9,511 | 246 | 47,998
As at 1 June 2024 | 4,699 | 1,225 | 328 | 6,252

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 36,050 |  | 71,672

Page 4
Page 5
GOODS KARMA WORLDWIDE LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 6
Other debtors | 120,466 |  | 37,087
| 120,466 |  | 37,093

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 7,258 |  | -
Trade creditors | - |  | 2,416
Other loans | 19,182 |  | -
Other creditors | 173,608 |  | 138,049
Taxation and social security | 4,331 |  | 38,281
| 204,379 |  | 178,746

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 29,032 |  | -
Other loans | 14,535 |  | -
| 43,567 |  | -

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 7,258 |  | -
Later than one year and not later than five years | 29,032 |  | -
| 36,290 |  | -
| 36,290 |  | -

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

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