Karma Arts Ltd
12325611
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Ricardas Galeckis
Lithuanian · England · Age 41
22 Liberty View, Chapel Hill, Leeds, LS27 9FE
Notified 20/11/2019
CompanyRankvs 92794+ SIC 96090 peers36
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/11/2025
Net Worth
-£29k
Balance sheet strength
Cash
£699
Cash in the bank
Net Current Assets
-£209
Working capital
Current Assets
£1k
Current Liabilities
£1k
Fixed Assets
£1k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.86 | -£3k |
| 2024 | 1.72 | -£8k |
| 2023 | 1.93 | -£12k |
| 2022 | 1.08 | +£7k |
| 2021 | 0.87 | +£34k |
Derived from filed accounts. Not audited figures.