Company No:
Contents
| DIRECTORS | Jason Casey |
| Jonathan Liggins |
| REGISTERED OFFICE | Oxford House |
| 15-17 Mount Ephraim Road | |
| Tunbridge Wells | |
| TN1 1EN | |
| United Kingdom |
| COMPANY NUMBER | 08024532 (England and Wales) |
| ACCOUNTANT | Synergee |
| Pluto House | |
| 6 Vale Avenue | |
| Tunbridge Wells | |
| TN1 1DJ |
| Note | 29.05.2024 | 29.05.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 0 | 15 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 325,434 | 176,229 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current (liabilities)/assets | (10,623) | 31,946 | ||
| Total assets less current liabilities | (10,623) | 31,961 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Net (liabilities)/assets | (
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account | (
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| Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
The financial statements of Cardboard Limited (registered number:
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Jason Casey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Cardboard Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Oxford House, 15-17 Mount Ephraim Road, Tunbridge Wells, TN1 1EN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover from the sale of goods is recognised when the following conditions are satisfied:
- the significant risks and rewards of ownership are transferred to the customer;
- the company does not retain managerial involvement, nor control over the goods sold;
- the amount of turnover can be reliably measured;
- the right to consideration due for the transaction is probable; and
- the costs incurred, or to be incurred, can be reliably measured.
Turnover is recognised upon dispatch or collection of the goods by the customer. Design work is recognised when designs are sent to a customer. Products and designs completed but not dispatched until after the reporting period are recognised as work in progress.
Monies received in respect of advanced orders are treated as deposits until the criteria for recognition as turnover is met.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| 29.05.2024 | 29.05.2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 30 May 2023 |
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| At 29 May 2024 |
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| Accumulated depreciation | |||
| At 30 May 2023 |
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| Charge for the financial year |
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| At 29 May 2024 |
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| Net book value | |||
| At 29 May 2024 |
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| At 29 May 2023 |
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| 29.05.2024 | 29.05.2023 | ||
| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| 29.05.2024 | 29.05.2023 | ||
| £ | £ | ||
| Bank loans |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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| 29.05.2024 | 29.05.2023 | ||
| £ | £ | ||
| Bank loans |
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| 29.05.2024 | 29.05.2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Transactions with the entity's directors
As at 31 May 2024, the directors owed £6,583 (2023: £nil) to the company. In the year then ended, £6,583 was advanced, £nil has been repaid, £nil has been written off, and £nil has been waived.
Amounts advanced to directors are unsecured, interest-free and repayable on demand.