Karmic Enterprise Solutions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09342380 (England and Wales)

Karmic Enterprise Solutions Limited

Financial Statements for the Year Ended 31st December 2016

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

K Smith

Registered office:

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Registered number:

09342380 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Current assets

Debtors

17,100

10,350

Cash at bank and in hand

287,142

165,009

304,242

175,359

Creditors

Amounts falling due within one year

60,257

52,433

Net current assets

243,985

122,926

Total assets less current liabilities

243,985

122,926

Capital and reserves

Called up share capital

4

100

100

Retained earnings

5

243,885

122,826

Shareholders' funds

243,985

122,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27th September 2017 and were signed by:

K Smith - Director

1.	Statutory information

Karmic Enterprise Solutions Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents gross invoiced sales of services, including value added tax.

Taxation

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

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.

3.	Employees and directors

The average number of employees during the year was 1 .

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/16

31/12/15

value:

£

£

100

Ordinary

1

100

100

5.

Reserves

Retained

earnings

£

At 1st January 2016

122,826

Profit for the year

121,059

At 31st December 2016

243,885

6.	Ultimate controlling party

The controlling party is K Smith.