1 April 2024 false No description of principal activity Taxfiler 2024.6 13175787business:PrivateLimitedCompanyLtd2024-04-012025-03-31 131757872024-03-31 131757872024-04-012025-03-31 13175787business:AuditExemptWithAccountantsReport2024-04-012025-03-31 13175787business:FilletedAccounts2024-04-012025-03-31 131757872025-03-31 13175787business:Director12024-04-012025-03-31 13175787business:Director22024-04-012025-03-31 13175787business:RegisteredOffice2024-04-012025-03-31 131757872024-03-31 13175787core:WithinOneYear2025-03-31 13175787core:WithinOneYear2024-03-31 13175787core:AfterOneYear2025-03-31 13175787core:AfterOneYear2024-03-31 13175787core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 13175787core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13175787core:SharePremiumcore:PreviouslyStatedAmount2025-03-31 13175787core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 13175787core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 13175787core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13175787core:PreviouslyStatedAmount2025-03-31 13175787core:PreviouslyStatedAmount2024-03-31 13175787business:SmallEntities2024-04-012025-03-31 13175787countries:EnglandWales2024-04-012025-03-31 13175787core:ComputerEquipment2024-04-012025-03-31 13175787core:IntangibleAssetsOtherThanGoodwill2024-03-31 13175787core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-31 13175787core:IntangibleAssetsOtherThanGoodwill2025-03-31 13175787core:ComputerEquipment2024-03-31 13175787core:ComputerEquipment2025-03-31 13175787core:AfterOneYear2024-04-012025-03-31 131757872023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13175787 (England and Wales)
2050CARDS LTD Unaudited accounts for the year ended 31 March 2025
2050CARDS LTD Unaudited accounts Contents
Page
- 2 -
2050CARDS LTD Company Information for the year ended 31 March 2025
Directors
Benjamin Rogerson Barkes Oliver Peter Anthony Trace
Company Number
13175787 (England and Wales)
Registered Office
14A WILMOT PLACE LONDON NW1 9JP ENGLAND
Accountants
Chilli Accounting Ltd 60 Kilpin Green Newport Pagnell MK16 9LY
- 3 -
2050CARDS LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
140,392 
126,852 
Tangible assets
- 
398 
140,392 
127,250 
Current assets
Debtors
1,260 
- 
Cash at bank and in hand
6,953 
10,289 
8,213 
10,289 
Creditors: amounts falling due within one year
(28,050)
(26,171)
Net current liabilities
(19,837)
(15,882)
Total assets less current liabilities
120,555 
111,368 
Creditors: amounts falling due after more than one year
(28,614)
(35,279)
Net assets
91,941 
76,089 
Capital and reserves
Called up share capital
12 
12 
Share premium
220,674 
221,173 
Profit and loss account
(128,745)
(145,096)
Shareholders' funds
91,941 
76,089 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by
Oliver Peter Anthony Trace Director Company Registration No. 13175787
- 4 -
2050CARDS LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
2050CARDS LTD is a private company, limited by shares, registered in England and Wales, registration number 13175787. The registered office is 14A WILMOT PLACE, LONDON, NW1 9JP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided over either 5 years or 10 years depending on the nature of the asset.
Research and development
Expenditure on research and development is written off in the year in which it is incurred with the exception of any software development which meets the criteria of intangible fixed assets.
Deferred taxation
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. No provision for current or future taxation benefits derived from historic trading losses is included in the financial statements.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
2050CARDS LTD Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2024
164,627 
Additions
34,814 
At 31 March 2025
199,441 
Amortisation
At 1 April 2024
37,775 
Charge for the year
21,274 
At 31 March 2025
59,049 
Net book value
At 31 March 2025
140,392 
At 31 March 2024
126,852 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2024
3,249 
At 31 March 2025
3,249 
Depreciation
At 1 April 2024
2,851 
Charge for the year
398 
At 31 March 2025
3,249 
Net book value
At 31 March 2025
- 
At 31 March 2024
398 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,160 
- 
Other debtors
100 
- 
1,260 
- 
- 6 -
2050CARDS LTD Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
5,389 
4,524 
Trade creditors
2,495 
2,401 
Taxes and social security
1,056 
850 
Other creditors
8,491 
8,396 
Loans from directors
10,000 
10,000 
Accruals
619 
- 
28,050 
26,171 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
28,614 
35,279 
The Company has an unsecured loan of £35,280 from Sentio Space Ltd, which owns 16% of the shares of 2050Cards Ltd. Oliver Trace, a Director and 42% shareholder of 2050Cards Ltd, is the majority shareholder of Sentio Space Ltd. Monthly repayments are interest and principle at an interest rate of 2.605% per annum. The principle repayments required in the 12 months immediately following year end of £6,666 are included in Creditors - amounts falling due within one year. The remaining principle repayments of £28,614 are included in Creditors - amounts falling due after one year.
9
Capital commitments
2025 
2024 
£ 
£ 
There were no capital commitments at year end.
10
Contingent liabilities
There were no contingent liabilities at year end.
11
Loans to directors
There were no loans, credit or advances given to directors during the year.
12
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -