Karma Development Company Limited in Stourbridge, DY8 1PH

Description

Data updated on: 01-11-2023

Karma Development Company Limited,registered as Private Limited Company, that is based in 1st Floor, Copthall House, New Road in Stourbridge. The headquarters' post code is DY8 1PH. This enterprise was formed in 2004. The registration number is 05088580. It has been on the market under three different names. Its initial listed name, Karma Developments, was switched on Wed, 12th Aug 2015 to Karma Agricultural Services. The current name is used since 2016, is Karma Development Company Limited. The firm's registered with SIC code 41100 meaning Development of building projects. The latest accounts cover the period up to 30th March 2022 and the most current annual confirmation statement was filed on 30th March 2023.

Our data regarding the following enterprise's members suggests that there are two directors: Hannah M. and Stephen M. who assumed their respective positions on Tue, 12th Jul 2016 and Tue, 30th Mar 2004.

Steve M. is the individual who controls this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Previous company's names
Karma Development Company Limited 2016-01-22
Karma Agricultural Services Limited 2015-08-12
Karma Developments Limited 2004-03-30

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-03-31	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-30	2019-03-30	2020-03-30	2021-03-30	2022-03-30	2023-03-30
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	-32 057	-32 479	-32 902	-33 324	-33 747	-34 371

Balance Sheet
Cash Bank On Hand						2	484	565	2	2	5 020	1 061	1 612
Current Assets				2	2	2	235 400	236 492	235 192	238 376	298 580	475 145	509 042
Debtors							1	1 012	275	3 459	7 954	11 874	2 262
Net Assets Liabilities										-91 058	-173 489	-200 088	-237 473
Other Debtors								1 012		3 459	7 953	11 874	2 262
Property Plant Equipment								2 126	68 969	64 700	47 615	35 711	54 277
Total Inventories							234 915	234 915	234 915	234 915	285 606	462 210
Cash Bank In Hand	2	2	2	2	2	2

Capital & Reserves
Called Up Share Capital	2	2	2	2	2	2
Profit Loss Account Reserve	-32 059	-32 481	-32 904	-33 326	-33 749	-34 373
Shareholder Funds	-32 057	-32 479	-32 902	-33 324	-33 747	-34 371

Other Financial Data
Accrued Liabilities Deferred Income							2 458	913	1 413		1 285	825	1 000
Accumulated Depreciation Impairment Property Plant Equipment								709	10 866	33 646	50 731	62 635	78 250
Average Number Employees During Period									2	2	2	2	2
Bank Borrowings Overdrafts						1			3 195		45 833	35 833	26 667
Creditors						34 373	245 257	252 120	330 718	394 134	45 833	544 154	781 352
Finance Lease Liabilities Present Value Total													2 080
Increase From Depreciation Charge For Year Property Plant Equipment								709	10 157	22 780	17 085	11 904	15 615
Issue Equity Instruments									97
Net Current Assets Liabilities	-32 057	-32 479	-32 902	-33 324	-33 747	-34 371	-9 857	-15 628	-95 526	-155 758	-175 271	314 715	495 962
Number Shares Issued Fully Paid								2
Other Creditors						34 372	242 799	251 207	326 110		407 471	508 321	754 685
Par Value Share		1	1	1		1		1
Profit Loss						-624	24 514	-3 645	-13 152
Property Plant Equipment Gross Cost								2 835	79 835	98 346	98 346	98 346	132 527
Provisions For Liabilities Balance Sheet Subtotal												6 360	6 360
Tax Decrease From Utilisation Tax Losses							4 903
Total Additions Including From Business Combinations Property Plant Equipment								2 835	77 000	18 511			34 181
Total Assets Less Current Liabilities	-32 057	-32 479	-32 902	-33 324	-33 747	-34 371	-9 857	-13 502	-26 557	-91 058	-127 656	350 426	550 239
Trade Creditors Trade Payables											60 928	149 605
Trade Debtors Trade Receivables							1				1
Capital Reserves				-33 324	-33 747
Creditors Due Within One Year	32 059	32 481	32 904	33 326	33 749	34 373
Number Shares Allotted		2	2	2		2
Share Capital Allotted Called Up Paid	2	2	2	2	2	2