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Company registration number: NI052229
Client Analysis and Relationship Development (CARD) Ltd
Unaudited filleted financial statements
31 August 2024
Client Analysis and Relationship Development (CARD) Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Client Analysis and Relationship Development (CARD) Ltd
Directors and other information
Director Mr Albert Hamilton
Company number NI052229
Registered office 9 Upper Crescent
Belfast
BT7 1NT
Business address 13 University Street
Belfast
BT7 1FY
Accountant SWM Accountancy Services Ltd
9 Upper Crescent
Belfast
Antrim
BT7 1NT
Bankers Ulster Bank
365/369 Ormeau Road
Belfast
BT7 3GP
Client Analysis and Relationship Development (CARD) Ltd
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 1 1
Tangible assets 6 268,917 10,917
_______ _______
268,918 10,918
Current assets
Debtors 7 229,679 214,172
Cash at bank and in hand 168,857 229,144
_______ _______
398,536 443,316
Creditors: amounts falling due
within one year 8 ( 148,730) ( 139,080)
_______ _______
Net current assets 249,806 304,236
_______ _______
Total assets less current liabilities 518,724 315,154
Creditors: amounts falling due
after more than one year 9 ( 121,533) -
_______ _______
Net assets 397,191 315,154
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 397,189 315,152
_______ _______
Shareholder funds 397,191 315,154
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr Albert Hamilton
Director
Company registration number: NI052229
Client Analysis and Relationship Development (CARD) Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 9 Upper Crescent, Belfast, BT7 1NT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investment property - 2 % straight line
Short leasehold property - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 14 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 September 2023 and 31 August 2024 150,000 150,000
_______ _______
Amortisation
At 1 September 2023 and 31 August 2024 149,999 149,999
_______ _______
Carrying amount
At 31 August 2024 1 1
_______ _______
At 31 August 2023 1 1
_______ _______
6. Tangible assets
Investment property Short leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 September 2023 - 1,600 92,363 - 93,963
Additions 228,490 - 3,970 31,190 263,650
_______ _______ _______ _______ _______
At 31 August 2024 228,490 1,600 96,333 31,190 357,613
_______ _______ _______ _______ _______
Depreciation
At 1 September 2023 - 640 82,406 - 83,046
Charge for the year - 320 4,290 1,040 5,650
_______ _______ _______ _______ _______
At 31 August 2024 - 960 86,696 1,040 88,696
_______ _______ _______ _______ _______
Carrying amount
At 31 August 2024 228,490 640 9,637 30,150 268,917
_______ _______ _______ _______ _______
At 31 August 2023 - 960 9,957 - 10,917
_______ _______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 103,691 46,322
Other debtors 125,988 167,850
_______ _______
229,679 214,172
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,927 -
Trade creditors 28,676 31,913
Corporation tax 32,230 31,904
Social security and other taxes 38,004 35,705
Other creditors 44,893 39,558
_______ _______
148,730 139,080
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 121,533 -
_______ _______
10. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Albert Hamilton 50,063 42,210 ( 50,064) 42,209
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Albert Hamilton 45,725 50,064 ( 45,726) 50,063
_______ _______ _______ _______