2022-12-012023-11-302023-11-30false10160037BANCARD GROUP LIMITED2024-10-23iso4217:GBPxbrli:pure101600372022-12-01101600372023-11-30101600372022-12-012023-11-30101600372021-06-01101600372022-11-30101600372021-06-012022-11-3010160037bus:SmallEntities2022-12-012023-11-3010160037bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3010160037bus:FullAccounts2022-12-012023-11-3010160037bus:PrivateLimitedCompanyLtd2022-12-012023-11-3010160037core:WithinOneYear2023-11-3010160037core:AfterOneYear2023-11-3010160037core:WithinOneYear2022-11-3010160037core:AfterOneYear2022-11-3010160037core:ShareCapital2023-11-3010160037core:SharePremium2023-11-3010160037core:RevaluationReserve2023-11-3010160037core:OtherReservesSubtotal2023-11-3010160037core:RetainedEarningsAccumulatedLosses2023-11-3010160037core:ShareCapital2022-11-3010160037core:SharePremium2022-11-3010160037core:RevaluationReserve2022-11-3010160037core:OtherReservesSubtotal2022-11-3010160037core:RetainedEarningsAccumulatedLosses2022-11-3010160037core:LandBuildings2023-11-3010160037core:PlantMachinery2023-11-3010160037core:Vehicles2023-11-3010160037core:FurnitureFittings2023-11-3010160037core:OfficeEquipment2023-11-3010160037core:NetGoodwill2023-11-3010160037core:IntangibleAssetsOtherThanGoodwill2023-11-3010160037core:ListedExchangeTraded2023-11-3010160037core:UnlistedNon-exchangeTraded2023-11-3010160037core:LandBuildings2022-11-3010160037core:PlantMachinery2022-11-3010160037core:Vehicles2022-11-3010160037core:FurnitureFittings2022-11-3010160037core:OfficeEquipment2022-11-3010160037core:NetGoodwill2022-11-3010160037core:IntangibleAssetsOtherThanGoodwill2022-11-3010160037core:ListedExchangeTraded2022-11-3010160037core:UnlistedNon-exchangeTraded2022-11-3010160037core:LandBuildings2022-12-012023-11-3010160037core:PlantMachinery2022-12-012023-11-3010160037core:Vehicles2022-12-012023-11-3010160037core:FurnitureFittings2022-12-012023-11-3010160037core:OfficeEquipment2022-12-012023-11-3010160037core:NetGoodwill2022-12-012023-11-3010160037core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3010160037core:ListedExchangeTraded2022-12-012023-11-3010160037core:UnlistedNon-exchangeTraded2022-12-012023-11-3010160037core:MoreThanFiveYears2022-12-012023-11-3010160037core:Non-currentFinancialInstruments2023-11-3010160037core:Non-currentFinancialInstruments2022-11-3010160037dpl:CostSales2022-12-012023-11-3010160037dpl:DistributionCosts2022-12-012023-11-3010160037core:LandBuildings2022-12-012023-11-3010160037core:PlantMachinery2022-12-012023-11-3010160037core:Vehicles2022-12-012023-11-3010160037core:FurnitureFittings2022-12-012023-11-3010160037core:OfficeEquipment2022-12-012023-11-3010160037dpl:AdministrativeExpenses2022-12-012023-11-3010160037core:NetGoodwill2022-12-012023-11-3010160037core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3010160037dpl:GroupUndertakings2022-12-012023-11-3010160037dpl:ParticipatingInterests2022-12-012023-11-3010160037dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3010160037core:ListedExchangeTraded2022-12-012023-11-3010160037dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3010160037core:UnlistedNon-exchangeTraded2022-12-012023-11-3010160037dpl:CostSales2021-06-012022-11-3010160037dpl:DistributionCosts2021-06-012022-11-3010160037core:LandBuildings2021-06-012022-11-3010160037core:PlantMachinery2021-06-012022-11-3010160037core:Vehicles2021-06-012022-11-3010160037core:FurnitureFittings2021-06-012022-11-3010160037core:OfficeEquipment2021-06-012022-11-3010160037dpl:AdministrativeExpenses2021-06-012022-11-3010160037core:NetGoodwill2021-06-012022-11-3010160037core:IntangibleAssetsOtherThanGoodwill2021-06-012022-11-3010160037dpl:GroupUndertakings2021-06-012022-11-3010160037dpl:ParticipatingInterests2021-06-012022-11-3010160037dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-11-3010160037core:ListedExchangeTraded2021-06-012022-11-3010160037dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-11-3010160037core:UnlistedNon-exchangeTraded2021-06-012022-11-3010160037core:NetGoodwill2023-11-3010160037core:IntangibleAssetsOtherThanGoodwill2023-11-3010160037core:LandBuildings2023-11-3010160037core:PlantMachinery2023-11-3010160037core:Vehicles2023-11-3010160037core:FurnitureFittings2023-11-3010160037core:OfficeEquipment2023-11-3010160037core:AfterOneYear2023-11-3010160037core:WithinOneYear2023-11-3010160037core:ListedExchangeTraded2023-11-3010160037core:UnlistedNon-exchangeTraded2023-11-3010160037core:ShareCapital2023-11-3010160037core:SharePremium2023-11-3010160037core:RevaluationReserve2023-11-3010160037core:OtherReservesSubtotal2023-11-3010160037core:RetainedEarningsAccumulatedLosses2023-11-3010160037core:NetGoodwill2022-11-3010160037core:IntangibleAssetsOtherThanGoodwill2022-11-3010160037core:LandBuildings2022-11-3010160037core:PlantMachinery2022-11-3010160037core:Vehicles2022-11-3010160037core:FurnitureFittings2022-11-3010160037core:OfficeEquipment2022-11-3010160037core:AfterOneYear2022-11-3010160037core:WithinOneYear2022-11-3010160037core:ListedExch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BANCARD GROUP LIMITED

Registered Number
10160037
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

BANCARD GROUP LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

G P Lombardi

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

17 Hanover Square
London
W1S 1BN

Registered Number

10160037 (England and Wales)
BANCARD GROUP LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3283,498285,446
283,498285,446
Current assets
Debtors4,515,468,4246,539,633
Current asset investments5,372,30815,719,551
Cash at bank and on hand5,824,9334,864,881
26,665,66527,124,065
Creditors amounts falling due within one year6(27,539,345)(27,541,698)
Net current assets (liabilities)(873,680)(417,633)
Total assets less current liabilities(590,182)(132,187)
Net assets(590,182)(132,187)
Capital and reserves
Called up share capital25,00025,000
Profit and loss account(615,182)(157,187)
Shareholders' funds(590,182)(132,187)
The financial statements were approved and authorised for issue by the Director on 23 October 2024, and are signed on its behalf by:
G P Lombardi
Director
Registered Company No. 10160037
BANCARD GROUP LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year01
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 December 22280,0008,170288,170
Additions-1,1621,162
At 30 November 23280,0009,332289,332
Depreciation and impairment
At 01 December 22-2,7242,724
Charge for year-3,1103,110
At 30 November 23-5,8345,834
Net book value
At 30 November 23280,0003,498283,498
At 30 November 22280,0005,446285,446
4.Debtors: amounts due within one year

2023

2022

££
Other debtors6,611,9786,539,633
Total6,611,9786,539,633
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
5.Debtors: amounts due after one year

2023

2022

££
Other debtors8,856,446-
Total8,856,446-
6.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts2,1462,146
Taxation and social security1,4001,300
Other creditors27,533,09927,535,516
Accrued liabilities and deferred income2,7002,736
Total27,539,34527,541,698
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.