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REGISTERED NUMBER: 07703826 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Card Compact Limited

Card Compact Limited (Registered number: 07703826)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Card Compact Limited

Company Information
for the year ended 31 July 2024







DIRECTOR: A Herzog





REGISTERED OFFICE: 483 Green Lane
London
N13 4BS





REGISTERED NUMBER: 07703826 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Card Compact Limited (Registered number: 07703826)

Statement of Financial Position
31 July 2024

2024 2023
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 4 34,908 46,545
Tangible assets 5 3,655 1,595
38,563 48,140

CURRENT ASSETS
Debtors 6 368,120 149,888
Cash at bank 51,018 5,985
419,138 155,873
CREDITORS
Amounts falling due within one year 7 384,961 174,115
NET CURRENT ASSETS/(LIABILITIES) 34,177 (18,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,740

29,898

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 72,720 29,878
SHAREHOLDERS' FUNDS 72,740 29,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:




A Herzog - Director


Card Compact Limited (Registered number: 07703826)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Card Compact Limited 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.

The financial statements have been prepared on the going concern basis, which assumes the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents net invoiced sales of goods, services and commissions received, excluding value added tax.

Intangible assets
Intangible assets are measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised using 25% reducing balance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Card Compact Limited (Registered number: 07703826)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
€   
COST
At 1 August 2023
and 31 July 2024 235,101
AMORTISATION
At 1 August 2023 188,556
Amortisation for year 11,637
At 31 July 2024 200,193
NET BOOK VALUE
At 31 July 2024 34,908
At 31 July 2023 46,545

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
At 1 August 2023 20,323
Additions 2,726
At 31 July 2024 23,049
DEPRECIATION
At 1 August 2023 18,728
Charge for year 666
At 31 July 2024 19,394
NET BOOK VALUE
At 31 July 2024 3,655
At 31 July 2023 1,595

Card Compact Limited (Registered number: 07703826)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
€    €   
Trade debtors 2,470 9,513
Other debtors 365,650 140,375
368,120 149,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
€    €   
Trade creditors 44,765 68,886
Amounts owed to associates 3,255 32,626
Taxation and social security 8,064 -
Other creditors 328,877 72,603
384,961 174,115

8. RELATED PARTY DISCLOSURES

Other related parties20242023

Transfers(1,229,736)(855,943)
Management charges1,216,946862,102
Balance3,25532,627

No interest was charged

9. EXCEPTIONAL ITEMS

Exceptional items relate to intercompany loans being written off.