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REGISTERED NUMBER: 12750267 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Cardy Papa Ltd

Cardy Papa Ltd (Registered number: 12750267)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cardy Papa Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr C Papa
Ms A M Cardy





REGISTERED OFFICE: C/O Sterling Partners Unit 14
7 Wenlock Road
London
N1 7SL





REGISTERED NUMBER: 12750267 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Cardy Papa Ltd (Registered number: 12750267)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,952 7,562

CURRENT ASSETS
Debtors 5 243,906 150,944
Cash at bank 311,582 477,668
555,488 628,612
CREDITORS
Amounts falling due within one year 6 (179,318 ) (210,412 )
NET CURRENT ASSETS 376,170 418,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,122

425,762

PROVISIONS FOR LIABILITIES (1,988 ) (26,689 )
NET ASSETS 382,134 399,073

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 382,132 399,071
SHAREHOLDERS' FUNDS 382,134 399,073

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

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

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 May 2025 and were signed on its behalf by:



Ms A M Cardy - Director


Cardy Papa Ltd (Registered number: 12750267)

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

1. STATUTORY INFORMATION

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

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 - 20% on cost
Computer equipment - 25% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Cardy Papa Ltd (Registered number: 12750267)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 4,659 11,066 15,725
Additions 2,777 2,490 5,267
At 31 August 2024 7,436 13,556 20,992
DEPRECIATION
At 1 September 2023 2,595 5,568 8,163
Charge for year 1,488 3,389 4,877
At 31 August 2024 4,083 8,957 13,040
NET BOOK VALUE
At 31 August 2024 3,353 4,599 7,952
At 31 August 2023 2,064 5,498 7,562

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 165,824 113,506
VAT 23,557 18,551
Prepayments 22,402 5,539
Accrued revenue 16,500 -
228,283 137,596

Amounts falling due after more than one year:
Other debtors 15,623 13,348

Aggregate amounts 243,906 150,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 52,157 31,444
Prepaid income 2,875 14,970
Tax 72,516 101,008
Social security and other taxes 26,818 14,947
Other creditors 8,598 12,117
Accrued expenses 16,354 35,926
179,318 210,412

Cardy Papa Ltd (Registered number: 12750267)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 62,490 44,494

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31 August 2024 of £291,620.

9. ULTIMATE CONTROLLING PARTY

The Directors are the ultimate controlling party by virtue of their shares.