Company registration number: 03864244
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Cardstream Limited
Pages for filing with the Registrar
Company registration number: 03864244
Cardstream Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 6,132,873 6,266,231
Tangible assets 5 31,341 45,309
Investments 6 1 1
6,164,215 6,311,541
Current assets
Debtors 7 1,400,615 1,457,707
Cash at bank and in hand 282,971 558,838
1,683,586 2,016,545
Creditors: amounts falling due within one year
8 (1,312,240) (1,935,364)
Net current assets 371,346 81,181
Total assets less current liabilities 6,535,561 6,392,722
Creditors: Amounts falling due after more than one year
9 - (5,000)
Provisions for liabilities (1,393,128) (1,291,308)
NET ASSETS 5,142,433 5,096,414
Capital and reserves
Called up share capital 236 236
Share premium account 506,465 506,465
Profit and loss account 4,635,732 4,589,713
TOTAL EQUITY 5,142,433 5,096,414
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03864244
Cardstream Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Sharpe, Director
14 September 2026
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Cardstream Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Cardstream Limited is a private company registered in England and Wales. Its registered number is 03864244. The company is limited by shares. Its registered office is Birches Corner, Heron Gate, Taunton, TA1 2LP.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Cardstream Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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Cardstream Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Goodwill is initially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its estimated useful economic life. Where the useful economic life cannot be reliably estimated, goodwill is amortised over a period not exceeding ten years.





Intangible assets - Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.






Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tangible fixed assets:
Leasehold improvements - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Vehicles - 25% reducing balance
Computer equipment - 3 years straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. 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. Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.



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Cardstream Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
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Cardstream Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Intangible assets
Goodwill Other intangible assets

Totals
£ £ £
Cost
At 1 January 2025 650,000 6,732,021 7,382,021
At 31 December 2025 650,000 6,732,021 7,382,021
Amortisation
At 1 January 2025 650,000 465,790 1,115,790
Charge for year - 133,358 133,358
At 31 December 2025 650,000 599,148 1,249,148
Net book value
At 31 December 2025 - 6,132,873 6,132,873
At 31 December 2024 - 6,266,231 6,266,231
Revalued assets
.
5 Tangible fixed assets
Tangible fixed assets
£
Cost
At 1 January 2025 165,978
Additions 200
At 31 December 2025 166,178
Depreciation
At 1 January 2025 120,669
Charge for year 14,168
At 31 December 2025 134,837
Net book value
At 31 December 2025 31,341
At 31 December 2024 45,309
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Cardstream Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
6 Fixed asset investments
Investments other than loans
Shares in group undertakings and participating interests




£
Cost
At 1 January 2025 1
At 31 December 2025 1
Net book value
At 31 December 2025 1
At 31 December 2024 1
7 Debtors
2025 2024
£ £
Trade debtors 399,947 131,791
Taxation 124,945 184,621
Other debtors 868,614 1,077,828
Prepayments and accrued income 7,109 63,467
1,400,615 1,457,707
8 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 5,000 10,000
Trade creditors 3,609 220,561
Other creditors 1,291,525 1,345,424
Social security and other tax 238 -
Accruals and deferred income 11,868 359,379
1,312,240 1,935,364
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Cardstream Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
9 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans - 5,000
10 Deferred Tax
At the beginning of the financial year (£ 1,291,308) Charged to the Statement of Income and Retained Earnings (£ 101,820) At the end of the financial year ( £1,393,128) The company has trading losses of approximately £ 556,268.61 (2024: £ 1,107,573) available to offset against future taxable profits.



11 Related party transactions
At 31 December 2025, an amount of £ 868,614 (2024 - £ 784,802) was due from companies under common control. These loans are interest free and repayable on demand. At 31 December 2025, an amount of £ 212,551 (2024 - £ 472,541) was due to companies under common control. These loans are interest free and repayable on demand. At 31 December 2025, an amount of £ nil (2024- £ 194,801) was due from group undertakings.



12 Share-based payments
The company operates an Enterprise Management Incentive share option scheme for certain key employees of the group. Options are exercisable at a price equivalent to the market value of the company’s shares at the date of grant, as agreed with HM Revenue and Customs. At 31 December 2025, the company had issued to 3 key employees share options covering a maximum of 22,000 shares, all at an exercise price of £14.09 to £17.14 per share. In each case, the exercisable number of shares is limited to 0.5% to 2.5% of the company’s total issued share capital at maximum dilution. Options are exercisable only in the event of a company takeover or sale and are settled in equity once exercised. At the point of a company takeover or sale, the right to exercise options remains at the discretion of the Managing Director. If unexercised after a period of ten years from the date of grant, the options expire. Options will lapse if an employee leaves the company before the options vest. At the discretion of the Managing Director, options may be exercised upon an employee ceasing employment. There is no fair value adjustment to make in respect of goods or service received by the company.





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