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REGISTERED NUMBER: 06523910 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Cards Engineering Limited

Cards Engineering Limited (Registered number: 06523910)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cards Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W Sheldon
Mrs D Sheldon





SECRETARY: Mrs D S Sheldon





REGISTERED OFFICE: 12 College Lawns
Armley
Leeds
West Yorkshire
LS12 3LP





REGISTERED NUMBER: 06523910 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Cards Engineering Limited (Registered number: 06523910)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,265 44,092

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 5 122,365 69,891
Cash at bank and in hand 33,582 42,722
162,447 119,113
CREDITORS
Amounts falling due within one year 6 84,455 58,930
NET CURRENT ASSETS 77,992 60,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,257

104,275

CREDITORS
Amounts falling due after more than one year 7 (19,968 ) (26,917 )

PROVISIONS FOR LIABILITIES (8,816 ) (11,023 )
NET ASSETS 84,473 66,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,373 66,235
SHAREHOLDERS' FUNDS 84,473 66,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Cards Engineering Limited (Registered number: 06523910)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





W Sheldon - Director


Cards Engineering Limited (Registered number: 06523910)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cards Engineering 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for compressed air engineering services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cards Engineering Limited (Registered number: 06523910)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,825 436 45,175 6,186 54,622
Additions - 398 - 2,476 2,874
At 31 March 2024 2,825 834 45,175 8,662 57,496
DEPRECIATION
At 1 April 2023 2,825 436 2,737 4,532 10,530
Charge for year - 60 10,609 1,032 11,701
At 31 March 2024 2,825 496 13,346 5,564 22,231
NET BOOK VALUE
At 31 March 2024 - 338 31,829 3,098 35,265
At 31 March 2023 - - 42,438 1,654 44,092

The net book value of assets held under hire purchase is £31,829.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 62,169 37,789
Other debtors 60,196 32,102
122,365 69,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,759 -
Hire purchase contracts 6,758 5,896
Trade creditors 21,859 21,620
Taxation and social security 49,584 26,703
Other creditors 4,495 4,711
84,455 58,930

Cards Engineering Limited (Registered number: 06523910)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 19,968 26,917

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
W Sheldon
Balance outstanding at start of year 32,101 25,608
Amounts advanced 28,095 83,433
Amounts repaid - (76,940 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,196 32,101