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Company No: 08024532 (England and Wales)

CARDBOARD LIMITED

Unaudited Financial Statements
For the financial year ended 29 May 2024
Pages for filing with the registrar

CARDBOARD LIMITED

Unaudited Financial Statements

For the financial year ended 29 May 2024

Contents

CARDBOARD LIMITED

COMPANY INFORMATION

For the financial year ended 29 May 2024
CARDBOARD LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 May 2024
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
CARDBOARD LIMITED

BALANCE SHEET

As at 29 May 2024
CARDBOARD LIMITED

BALANCE SHEET (continued)

As at 29 May 2024
Note 29.05.2024 29.05.2023
£ £
Fixed assets
Tangible assets 3 0 15
0 15
Current assets
Debtors 4 93,452 57,234
Cash at bank and in hand 231,982 118,995
325,434 176,229
Creditors: amounts falling due within one year 5 ( 336,057) ( 144,283)
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 ( 10,000) ( 20,000)
Net (liabilities)/assets ( 20,623) 11,961
Capital and reserves
Called-up share capital 7 300 300
Profit and loss account ( 20,923 ) 11,661
Total shareholders' (deficit)/funds ( 20,623) 11,961

For the financial year ending 29 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cardboard Limited (registered number: 08024532) were approved and authorised for issue by the Board of Directors on 19 May 2025. They were signed on its behalf by:

Jason Casey
Director
CARDBOARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 May 2024
CARDBOARD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 May 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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

Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes.

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.

Employee benefits

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.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

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.

2. Employees

29.05.2024 29.05.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 30 May 2023 17,504 17,504
At 29 May 2024 17,504 17,504
Accumulated depreciation
At 30 May 2023 17,489 17,489
Charge for the financial year 15 15
At 29 May 2024 17,504 17,504
Net book value
At 29 May 2024 0 0
At 29 May 2023 15 15

4. Debtors

29.05.2024 29.05.2023
£ £
Trade debtors 83,370 53,734
Other debtors 10,082 3,500
93,452 57,234

5. Creditors: amounts falling due within one year

29.05.2024 29.05.2023
£ £
Bank loans 10,000 10,000
Trade creditors 137,713 1,361
Taxation and social security 155,757 111,850
Other creditors 32,587 21,072
336,057 144,283

6. Creditors: amounts falling due after more than one year

29.05.2024 29.05.2023
£ £
Bank loans 10,000 20,000

7. Called-up share capital

29.05.2024 29.05.2023
£ £
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each 300 300

8. Related party transactions

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.