Company registration number 03669949 (England and Wales)
CITIZENCARD LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CITIZENCARD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
CITIZENCARD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
-
0
Tangible assets
5
49,044
59,178
Current assets
Debtors
6
590,684
598,184
Cash at bank and in hand
187,245
167,181
777,929
765,365
Creditors: amounts falling due within one year
7
(192,079)
(147,856)
Net current assets
585,850
617,509
Total assets less current liabilities
634,894
676,687
Provisions for liabilities
(10,948)
(5,527)
Net assets
623,946
671,160
Reserves
Income and expenditure account
623,946
671,160
Total members' funds
623,946
671,160

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
P J Hassett
A Leaper
Director
Director
Company registration number 03669949 (England and Wales)
CITIZENCARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Citizencard Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is London House, 7 Prescott Place, London, SW4 6BS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods is transferred to the buyer.

The company recognises revenue from the following major sources:

- Provision of identity cards

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Provision of identity cards

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on completion of verification procedures and dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Domain names
Fully amortised
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

CITIZENCARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over the life of the lease
Computers & equipment
Operating systems- now fully depreciated. Hardware and software straight line 20%

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 surplus or deficit.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

CITIZENCARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in surplus or deficit in the period in which it arises.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Calculation of deferred income

Due to the nature of the checking and verification processes the company is required to undertake, there is a significant time lag between the receipt of an application fee into the bank account and the production and dispatch of an identity card.

Income is recognised at the point of card despatch and therefore the company will always hold funds from customers in advance. The calculation of the level of this deferred revenue requires a medium level of estimation as the volume of transactions does not allow for a detailed measurement on an individual basis.

The level of deferred revenue depends on the type of card application, urgent cards having a much quicker guaranteed turnaround than standard. The calculation is based on the estimated split between these two types based on actual applications over the amounts banked in the guaranteed periods.

CITIZENCARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
4
Intangible fixed assets
Domain names
£
Cost
At 1 April 2024 and 31 March 2025
10,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
10,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
5
Tangible fixed assets
Leasehold improvements
Computers & equipment
Total
£
£
£
Cost
At 1 April 2024
16,848
179,376
196,224
Additions
-
0
13,504
13,504
At 31 March 2025
16,848
192,880
209,728
Depreciation and impairment
At 1 April 2024
8,424
128,622
137,046
Depreciation charged in the year
2,808
20,830
23,638
At 31 March 2025
11,232
149,452
160,684
Carrying amount
At 31 March 2025
5,616
43,428
49,044
At 31 March 2024
8,424
50,754
59,178
CITIZENCARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
915
15,335
Other debtors
589,769
582,849
590,684
598,184
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
58,801
46,873
Taxation and social security
15,565
-
0
Other creditors
117,713
100,983
192,079
147,856
8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its deficit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Spencer Watson FCA
Statutory Auditor:
Buckley Watson Limited
Date of audit report:
9 December 2025
2025-03-31 2024-04-01 false false false 09 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity P J Hassett T K Jirbandey A Leaper R Lewis A Chevis 03669949 2024-04-01 2025-03-31 03669949 2025-03-31 03669949 2024-03-31 03669949 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 03669949 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-03-31 03669949 core:LeaseholdImprovements 2025-03-31 03669949 core:ComputerEquipment 2025-03-31 03669949 core:LeaseholdImprovements 2024-03-31 03669949 core:ComputerEquipment 2024-03-31 03669949 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03669949 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03669949 core:CurrentFinancialInstruments 2025-03-31 03669949 core:CurrentFinancialInstruments 2024-03-31 03669949 core:RetainedEarningsAccumulatedLosses 2025-03-31 03669949 core:RetainedEarningsAccumulatedLosses 2024-03-31 03669949 bus:Director1 2024-04-01 2025-03-31 03669949 bus:Director3 2024-04-01 2025-03-31 03669949 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 03669949 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 03669949 core:LeaseholdImprovements 2024-04-01 2025-03-31 03669949 core:ComputerEquipment 2024-04-01 2025-03-31 03669949 2023-04-01 2024-03-31 03669949 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-03-31 03669949 core:LeaseholdImprovements 2024-03-31 03669949 core:ComputerEquipment 2024-03-31 03669949 2024-03-31 03669949 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 03669949 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03669949 bus:FRS102 2024-04-01 2025-03-31 03669949 bus:Audited 2024-04-01 2025-03-31 03669949 bus:Director2 2024-04-01 2025-03-31 03669949 bus:Director4 2024-04-01 2025-03-31 03669949 bus:CompanySecretary1 2024-04-01 2025-03-31 03669949 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP