IRIS Accounts Production v24.1.0.578 07314223 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary Share Capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073142232022-07-31073142232023-07-31073142232022-08-012023-07-31073142232021-07-31073142232021-08-012022-07-31073142232022-07-3107314223ns15:EnglandWales2022-08-012023-07-3107314223ns14:PoundSterling2022-08-012023-07-3107314223ns10:Director12022-08-012023-07-3107314223ns10:Director22022-08-012023-07-3107314223ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107314223ns10:SmallEntities2022-08-012023-07-3107314223ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3107314223ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107314223ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107314223ns10:FullAccounts2022-08-012023-07-310731422312022-08-012023-07-3107314223ns10:OrdinaryShareClass12022-08-012023-07-3107314223ns10:CompanySecretary12022-08-012023-07-3107314223ns10:RegisteredOffice2022-08-012023-07-3107314223ns5:CurrentFinancialInstruments2023-07-3107314223ns5:CurrentFinancialInstruments2022-07-3107314223ns5:Non-currentFinancialInstruments2023-07-3107314223ns5:Non-currentFinancialInstruments2022-07-3107314223ns5:ShareCapital2023-07-3107314223ns5:ShareCapital2022-07-3107314223ns5:RetainedEarningsAccumulatedLosses2023-07-3107314223ns5:RetainedEarningsAccumulatedLosses2022-07-3107314223ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3107314223ns5:FurnitureFittings2022-08-012023-07-3107314223ns5:MotorVehicles2022-08-012023-07-3107314223ns5:ComputerEquipment2022-08-012023-07-3107314223ns5:NetGoodwill2022-07-3107314223ns5:NetGoodwill2023-07-3107314223ns5:NetGoodwill2022-07-3107314223ns5:FurnitureFittings2022-07-3107314223ns5:MotorVehicles2022-07-3107314223ns5:ComputerEquipment2022-07-3107314223ns5:FurnitureFittings2023-07-3107314223ns5:MotorVehicles2023-07-3107314223ns5:ComputerEquipment2023-07-3107314223ns5:FurnitureFittings2022-07-3107314223ns5:MotorVehicles2022-07-3107314223ns5:ComputerEquipment2022-07-3107314223ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107314223ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3107314223ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3107314223ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3107314223ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3107314223ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3107314223ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3107314223ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3107314223ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 07314223 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

RABAIOTTI'S CARDS LIMITED

RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RABAIOTTI'S CARDS LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs H Rabaiotti
D Rabaiotti





SECRETARY: Mrs H Rabaiotti





REGISTERED OFFICE: Unit 5 Nantgavenny Business Park
Nantgavenny Lane
Mardy
Abergavenny
Gwent
NP7 6LG





REGISTERED NUMBER: 07314223 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)

Balance Sheet
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 48,000 48,000
Tangible assets 6 6,467 8,954
54,467 56,954

CURRENT ASSETS
Stocks 7 96,500 96,500
Debtors 8 14,260 17,074
Cash at bank and in hand 67,802 151,244
178,562 264,818
CREDITORS
Amounts falling due within one year 9 (139,503 ) (210,470 )
NET CURRENT ASSETS 39,059 54,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,526

111,302

CREDITORS
Amounts falling due after more than
one year

10

(53,343

)

(77,116

)
NET ASSETS 40,183 34,186

RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)

Balance Sheet - continued
31 JULY 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 40,181 34,184
SHAREHOLDERS' FUNDS 40,183 34,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:




Mrs H Rabaiotti - Director



D Rabaiotti - Director


RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Rabaiotti's Cards 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 48,000
NET BOOK VALUE
At 31 July 2023 48,000
At 31 July 2022 48,000

RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 13,580 18,000 3,370 34,950
Disposals - (10,500 ) - (10,500 )
At 31 July 2023 13,580 7,500 3,370 24,450
DEPRECIATION
At 1 August 2022 9,253 13,975 2,768 25,996
Charge for year 1,081 923 150 2,154
Eliminated on disposal - (10,167 ) - (10,167 )
At 31 July 2023 10,334 4,731 2,918 17,983
NET BOOK VALUE
At 31 July 2023 3,246 2,769 452 6,467
At 31 July 2022 4,327 4,025 602 8,954

7. STOCKS
2023 2022
£    £   
Stocks 96,500 96,500

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,623 16,131
Prepayments 637 943
14,260 17,074

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,910 22,428
Hire purchase contracts - 1,598
Tax 1,900 2,726
Other creditors 14,182 23,986
Directors' current accounts 93,511 149,732
Accruals and deferred income 10,000 10,000
139,503 210,470

RABAIOTTI'S CARDS LIMITED (REGISTERED NUMBER: 07314223)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 19,910 17,530
Bank loans - 2-5 years 20,397 40,586
Bank loans more 5 yr by instal 13,036 19,000
53,343 77,116

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,036 19,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary Share Capital £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 July 2023 an amount of £93,511 (2022 - £149,732) was due to the directors.

13. ULTIMATE CONTROLLING PARTY

The directors' are the controlling parties of the business.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rabaiotti's Cards Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rabaiotti's Cards Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rabaiotti's Cards Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rabaiotti's Cards Limited and state those matters that we have agreed to state to the Board of Directors of Rabaiotti's Cards Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rabaiotti's Cards Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rabaiotti's Cards Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rabaiotti's Cards Limited. You consider that Rabaiotti's Cards Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rabaiotti's Cards Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


8 April 2024