The Card Vault LTD - Filleted accounts

Registered number

13125575

The Card Vault LTD

Filleted Accounts

31 January 2025

The Card Vault LTD
Registered number:		13125575
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,970			3,880

Current assets
Stocks		100,180			365
Debtors	4	19,674			-
Cash at bank and in hand		142,980			241,394
		262,834			241,759

Creditors: amounts falling due within one year	5	(197,303)			(173,678)

Net current assets			65,531			68,081

Net assets			69,501			71,961

Capital and reserves
Called up share capital			1			1
Profit and loss account			69,500			71,960

Shareholder's funds			69,501			71,961

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Joseph Cray
Director
Approved by the board on 7 April 2025

The Card Vault LTD
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		5		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2024				5,416
	Additions				1,083
	At 31 January 2025				6,499

	Depreciation
	At 1 February 2024				1,536
	Charge for the year				993
	At 31 January 2025				2,529

	Net book value
	At 31 January 2025				3,970
	At 31 January 2024				3,880


4	Debtors		2025		2024
£				£

	Other debtors		19,674		-


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		175,906		145,362
	Taxation and social security costs		15,197		24,543
	Other creditors		6,200		3,773
			197,303		173,678


6	Controlling party

	Mr Joseph James Cray owns 100% of the shares in the company.


7	Other information

	The Card Vault LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Flat 403 Fiske Villas
	27 West Parkside
	London
	SE10 0ZH