Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01Other retail sale in non-specialised stores3135falsetrue 02260866 2023-04-01 2024-03-31 02260866 2022-04-01 2023-03-31 02260866 2024-03-31 02260866 2023-03-31 02260866 c:Director3 2023-04-01 2024-03-31 02260866 d:OfficeEquipment 2024-03-31 02260866 d:OfficeEquipment 2023-03-31 02260866 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02260866 d:ComputerEquipment 2023-04-01 2024-03-31 02260866 d:ComputerEquipment 2024-03-31 02260866 d:ComputerEquipment 2023-03-31 02260866 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02260866 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02260866 d:CurrentFinancialInstruments 2024-03-31 02260866 d:CurrentFinancialInstruments 2023-03-31 02260866 d:Non-currentFinancialInstruments 2024-03-31 02260866 d:Non-currentFinancialInstruments 2023-03-31 02260866 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02260866 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02260866 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02260866 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02260866 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 02260866 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 02260866 d:ShareCapital 2024-03-31 02260866 d:ShareCapital 2023-03-31 02260866 d:RetainedEarningsAccumulatedLosses 2024-03-31 02260866 d:RetainedEarningsAccumulatedLosses 2023-03-31 02260866 c:FRS102 2023-04-01 2024-03-31 02260866 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02260866 c:FullAccounts 2023-04-01 2024-03-31 02260866 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02260866 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02260866










CARDS FOR GOOD CAUSES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CARDS FOR GOOD CAUSES LIMITED
REGISTERED NUMBER: 02260866

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,206
3,073

  
1,206
3,073

Current assets
  

Stocks
 5 
136,067
138,812

Debtors: amounts falling due within one year
 6 
417,715
72,679

Cash at bank and in hand
  
55,156
279,559

  
608,938
491,050

Creditors: amounts falling due within one year
 7 
(558,900)
(443,917)

Net current assets
  
 
 
50,038
 
 
47,133

Total assets less current liabilities
  
51,244
50,206

Creditors: amounts falling due after more than one year
 8 
(25,695)
(35,941)

  

Net assets
  
25,549
14,265


Capital and reserves
  

Called up share capital 
  
26
26

Profit and loss account
  
25,523
14,239

  
25,549
14,265


Page 1

 
CARDS FOR GOOD CAUSES LIMITED
REGISTERED NUMBER: 02260866
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Robert Alexander Monteath
Director

Date: 29 January 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cards for Good Causes Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is 5 Brayford Square, London, England, E1 0SG. The registered number is 02260866.
The principal activity of the company during the year was that of the sale of goods and merchandise on behalf of charities. 
The financial statements are presented in the currency of the primary economic environment in which the entity operates(its functional currency), as such, the results and statement of financial position are presented are presented in Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. 
These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In preparing the financial statements, the directors have considered the current financial position and has also assessed the financial future of the business. The directors have concluded that it is appropriate to prepare the financial statements on a going concern basis. In forming this conclusion the directors have considered the company's financial position.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its financial obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and accounts.

Page 3

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20% & 33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 35).

Page 6

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
19,743
11,074
30,817



At 31 March 2024

19,743
11,074
30,817



Depreciation


At 1 April 2023
17,076
10,668
27,744


Charge for the year on owned assets
1,867
-
1,867



At 31 March 2024

18,943
10,668
29,611



Net book value



At 31 March 2024
800
406
1,206



At 31 March 2023
2,667
406
3,073


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
136,067
138,812

136,067
138,812



6.


Debtors

2024
2023
£
£


Trade debtors
124,736
38,070

Amounts owed by group undertakings
287,228
26,176

Other debtors
2,489
2,273

Prepayments and accrued income
3,262
6,160

417,715
72,679


Page 7

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
268,945
209,257

Corporation tax
1,301
1,301

Other taxation and social security
224,914
171,534

Other creditors
53,740
51,825

558,900
443,917



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,695
35,941

25,695
35,941



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due over 1 year

Bank loans
25,696
35,941


25,696
35,941



35,696
45,941


Page 8

 
CARDS FOR GOOD CAUSES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Pension commitments

The company operates a defined contribution scheme with contributions paid in the accounting period charged to the profit and loss account. The pension cost charge represents contributions payable by the group to the fund and amounted to £9,506 (2023 - £9,316).


11.


Related party transactions

The company collected monies on behalf of its parent company, the 1959 Group of Charities and other member charities duing the year. At the 31 March 2024 there was a balance of  due from the 1959 Group of Charities of 287,228 (2023 - £26,176). In addition costs of £24,914 (2023 - £27,646) were recharged to the 1959 Group of Charities in relation to staff costs.


12.


Controlling party

The Company's shares are owned by 14 charities, of this The 1959 Group of Charities own 14 shares. 

Page 9