Registration number: 02205479

Greetings Cards By Noel Tatt Limited

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 11

Greetings Cards By Noel Tatt Limited

Company Information

Directors

Mr Richard Parsons Mrs Diane Christine Tatt Mr Jarle Stephen Ronald Tatt

Company secretary

Mrs Diane Christine Tatt

Registered office

Appledown House Barton Business Park New Dover Road Canterbury Kent CT1 3TE

Auditors

Batchelor Coop Ltd Registered Auditors The New Barn Mill Lane Eastry Kent CT13 0JW

Greetings Cards By Noel Tatt Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Greetings Cards By Noel Tatt Limited

(Registration number: 02205479)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	687,357	614,375
Current assets
Stocks	5	789,510	801,554
Debtors	6	1,399,728	1,403,756
Cash at bank and in hand		255,877	274,184
		2,445,115	2,479,494
Creditors: Amounts falling due within one year	7	(1,962,311)	(1,889,358)
Net current assets		482,804	590,136
Total assets less current liabilities		1,170,161	1,204,511
Creditors: Amounts falling due after more than one year	7	-	(55,556)
Provisions for liabilities		(55,874)	(33,928)
Net assets		1,114,287	1,115,027
Capital and reserves
Called up share capital	8	200,100	200,100
Retained earnings		914,187	914,927
Shareholders' funds		1,114,287	1,115,027

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... Mr Richard Parsons Director

......................................... Mr Jarle Stephen Ronald Tatt Director

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
Appledown House Barton Business Park
New Dover Road Canterbury
Kent
CT1 3TE

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 23 September 2025 was Mark Batchelor BSc FCA, who signed for and on behalf of Batchelor Coop Ltd.

Key sources of estimation uncertainty

Stock Provision.
A provision is made against stock to account for those items held and counted at the Balance Sheet date but are not sold and are subsequently disposed of. The provision is compared for reasonableness with actual measured disposal levels of surplus product each year..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised when there is reasonable assurance that the Company will comply with the conditions attaching to the grant and that the grant will be received.

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	4% of cost using the straight line method on buildings only
Motor vehicles	25% of Net Book Value using the reducing balance method
Fixtures and fittings	25% of Net Book Value using the reducing balance method
Packing machine	10% of cost using the straight line method
Computer equipment	25% of cost using the straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

The company has a loan on which the interest is covered by government corona virus support for the first year. The interest is then payable by the company.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 64 (2023 - 66).

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Stocks

	2024 £	2023 £
Finished goods and goods for resale	789,510	801,554

6

Debtors

	Note	2024 £	2023 £
Trade debtors		1,213,860	1,316,759
Owed by/(from) group undertakings	10	47,793	-
Other debtors		138,075	86,997
Total current trade and other debtors		1,399,728	1,403,756

7

Creditors

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts		55,556	133,333
Trade creditors		856,034	658,900
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	205,163	224,413
Taxation and social security		388,448	438,705
Other creditors		457,110	434,007
		1,962,311	1,889,358
Due after one year
Loans and borrowings		-	55,556

Creditors due within one year include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £55,556 (2023 - £133,333).

Creditors due after one year include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil (2023 - £55,556).

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Preference shares of £1 each	200,000	200,000	200,000	200,000
	200,100	200,100	200,100	200,100

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £157,449 (2023 - £191,072). The commitments relate to non-cancellable leases and the sum shown represents the amount payable over the remaining life of the leases.

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

10	Related party transactions

Summary of transactions with parent

Impress Publishing Group Limited
 The company sells published greetings cards to Impress Publishing Group Limited.
It also pays dividends to it.
 

Summary of transactions with other related parties

The company buys materials including card and envelopes from its related company Impress Publishing Limited

The company Buys packing services from its related company Bluegrass Limited. Bluegrass is not an associated company for Corporation Tax purposes.
 

Income and receivables from related parties

2024	Parent £
Sale of goods	496,766

2023	Parent £
Sale of goods	532,226

Expenditure with and payables to related parties

2024	Parent £	Other related parties £
Purchase of goods	-	956,143
Rendering of services	-	195,322
Dividends paid	683,700	-
	683,700	1,151,465

Greetings Cards By Noel Tatt Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

2023	Parent £	Other related parties £
Purchase of goods	-	892,522
Rendering of services	-	210,006
Dividends paid	707,000	-
	707,000	1,102,528

Loans to related parties

2024	Other related parties £	Total £
Advanced	47,793	47,793
At end of period	47,793	47,793

2023

Loans from related parties

2024	Parent £	Key management £	Other related parties £	Total £
At start of period	166,000	9,558	48,855	224,413
Advanced	31,000	-	-	31,000
Repaid	-	(1,396)	(48,855)	(50,251)
At end of period	197,000	8,162	-	205,162

2023	Parent £	Key management £	Other related parties £	Total £
At start of period	180,000	6,593	-	186,593
Advanced	-	2,965	48,855	51,820
Repaid	(14,000)	-	-	(14,000)
At end of period	166,000	9,558	48,855	224,413

11	Parent and ultimate parent undertaking

The company is a 100% subsidiary of the parent

 The company's immediate parent is Impress Publishing Group Limited, incorporated in England whose registered office is Appledown House, Barton Business Park, New Dover Road, Canterbury, Kent, CT1 3TE.

 The most senior parent entity producing publicly available financial statements is Impress Publishing Group Limited. These financial statements are available upon request from The Registrar of Companies