REGISTERED NUMBER: 06523910 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Cards Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Sheldon

Mrs D Sheldon

SECRETARY:

Mrs D S Sheldon

REGISTERED OFFICE:

12 College Lawns

Armley

Leeds

West Yorkshire

LS12 3LP

REGISTERED NUMBER:

06523910 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

26,483

35,265

CURRENT ASSETS

Stocks

6,500

6,500

Debtors

5

109,832

122,365

Cash at bank and in hand

69,392

33,582

185,724

162,447

CREDITORS

Amounts falling due within one year

6

85,028

84,455

NET CURRENT ASSETS

100,696

77,992

TOTAL ASSETS LESS CURRENT LIABILITIES

127,179

113,257

CREDITORS

Amounts falling due after more than one year

7

(12,467

)

(19,968

)

PROVISIONS FOR LIABILITIES

(6,621

)

(8,816

)

NET ASSETS

108,091

84,473

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

107,991

84,373

SHAREHOLDERS' FUNDS

108,091

84,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

W Sheldon - Director

1.	STATUTORY INFORMATION

Cards Engineering 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.

Turnover

Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for compressed air engineering services provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,825

834

45,175

8,662

57,496

DEPRECIATION

At 1 April 2024

2,825

496

13,346

5,564

22,231

Charge for year

-

50

7,957

775

8,782

At 31 March 2025

2,825

546

21,303

6,339

31,013

NET BOOK VALUE

At 31 March 2025

-

288

23,872

2,323

26,483

At 31 March 2024

-

338

31,829

3,098

35,265

The net book value of assets held under hire purchase is £23,872.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

37,790

62,169

Other debtors

72,042

60,196

109,832

122,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

1,759

Hire purchase contracts

7,501

6,758

Trade creditors

30,013

21,859

Taxation and social security

43,463

49,584

Other creditors

4,051

4,495

85,028

84,455

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

12,467

19,968

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

W Sheldon

Balance outstanding at start of year

60,196

32,101

Amounts advanced

89,295

28,095

Amounts repaid

(77,450

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,041

60,196