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REGISTERED NUMBER: 06996469 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CABLE SERVICES INTERNATIONAL LIMITED

CABLE SERVICES INTERNATIONAL LIMITED (REGISTERED NUMBER: 06996469)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CABLE SERVICES INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J M Williams
J W Bostock



SECRETARY: J W Bostock



REGISTERED OFFICE: Bridge House
Bridge Road
Wrexham Industrial Estate
Wrexham
LL13 9PS



REGISTERED NUMBER: 06996469 (England and Wales)



AUDITORS: M. D. Coxey and Co. Limited
Chartered Accountants
and Statutory Auditors
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
51-52 Hope Street
Wrexham
LL11 1BB

CABLE SERVICES INTERNATIONAL LIMITED (REGISTERED NUMBER: 06996469)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 23,905 1,327
Debtors 4 2,213,740 1,699,585
Cash at bank 256,382 372,997
2,494,027 2,073,909
CREDITORS
Amounts falling due within one year 5 769,733 471,101
NET CURRENT ASSETS 1,724,294 1,602,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,724,294

1,602,808

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,724,293 1,602,807
SHAREHOLDERS' FUNDS 1,724,294 1,602,808

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 8th September 2023 and were signed on its behalf by:





J M Williams - Director


CABLE SERVICES INTERNATIONAL LIMITED (REGISTERED NUMBER: 06996469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Cable Services International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

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
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents:
These comprise cash at bank and other short-term highly liquid bank deposits with an original maturity of three months or less.

Debtors:
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Trade creditors:
Trade creditors are not interest bearing and are stated at their nominal value.

Intra-group balances (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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 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.


CABLE SERVICES INTERNATIONAL LIMITED (REGISTERED NUMBER: 06996469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 223,350 517,636
Other debtors 1,990,390 1,181,949
2,213,740 1,699,585

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,434 2,560
Tax 28,566 34,439
Other creditors 738,733 434,102
769,733 471,101

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Lewis (Senior Statutory Auditor)
for and on behalf of M. D. Coxey and Co. Limited

7. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements - -

CABLE SERVICES INTERNATIONAL LIMITED (REGISTERED NUMBER: 06996469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. RELATED PARTY DISCLOSURES

Cable Services International Limited forms part of the Cable Services group of companies. The group consists of the following companies:

Cable Services Enterprises Limited Ultimate holding company
Cable Services Holdings Limited 100% owned holding company
Cable Services Limited & Cable Services International Limited 100% owned trading companies
2 wholly owned dormant companies


9. ULTIMATE CONTROLLING PARTY

The company is under the control of Cable Services Enterprises Limited, a company under the ultimate control of J M Williams, a director of all of the Cable Group of companies.

The registered office of Cable Services Enterprises Limited is Bridge House, Bridge Road, Wrexham Industrial Estate, Wrexham, LL13 9PS.