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REGISTERED NUMBER: 03801731 (England and Wales)




STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CABLE SERVICES HOLDINGS LIMITED

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 9

Balance Sheet 10

Notes to the Financial Statements 11


CABLE SERVICES HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J M Williams
J W Bostock
I N Firth



SECRETARY: J W Bostock



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



REGISTERED NUMBER: 03801731 (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 HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

STRATEGIC REPORT
FOR THE YEAR ENDED 31ST MARCH 2023

The directors present their strategic report for the year ended 31st March 2023.

REVIEW OF BUSINESS
A challenging, yet successful, year for the business, with various resource pressures. Our supply chain has shown price pressure and scarcity of some resource, during the year. This is mitigated by constantly monitoring through regular review meetings with key parties and adjusting inventory levels when needed

PRINCIPAL RISKS AND UNCERTAINTIES
The company is subject to a number of potential risks and uncertainties:

The company operates in a highly competitive and busy specialist sector, particularly with regard to product range, price, service and availability. Failure to pay attention to any of these elements could result in failing to meet customer expectations, potentially reduced sales and excessive stock holdings. To mitigate this there is a considerable focus on service, systems and controls, the monitoring of competitor activities and the constant analysis of the company performance and procedures. The management team regularly review performance and forecasts to ensure targets are met. The company's cash flows are regularly monitored, and its budget and forecasts reviewed by management. To meet its obligations the company regularly monitors its liquidity, having regard to its working capital requirements, banking facilities and other financing.

Financial risk management
Financial risk management is considered regularly by the management team and the directors. Primary risks to which the company could be exposed are interest rate risk, liquidity risk and credit risk.

Interest rate risk
The company has no external debt, therefore any fluctuations in interest rate do not have a significant effect on the company.

Liquidity risk
The company ensures that there are sufficient funds available to meet the requirements of its on-going operations.

Credit risk
Credit risk principally arises on trade receivables and the company places a lot of emphasis on a stringent credit control policy. Management information is produced and reviewed by directors comparing it to both budget and previous year to assess performance and identify changing market conditions. Robust controls, policies and procedures are in place to mitigate risk.

DIRECTORS DUTY TO PROMOTE THE SUCCESS OF THE COMPANY
The directors have a duty to promote the success of the company for the benefit of all key stakeholders. Considering the potential consequences that a decision may have on employees, suppliers, customers and other related parties is paramount. Acting with integrity and promoting high standards across the business reflects positively on the already high regard in which we are held. The company is aware of its responsibility to the local community and the environment, raising funds for local charities continues to be a focus of ours. Elsewhere the company is looking to find ways of reducing energy consumption and its environmental impact across our operations. Fundamental to the business is our ultimate aim of increasing the value of the company and the welfare of our colleagues through building lasting relationships with our partners and creating opportunities for employees to achieve their potential.

ON BEHALF OF THE BOARD:





J M Williams - Director


8th September 2023

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31st March 2023.

DIVIDENDS
No dividends will be distributed for the year ended 31st March 2023.

FUTURE DEVELOPMENTS
We continue to focus on being increasingly competitive with our marketing activity to further grow brand awareness, taking the business to new heights by building on the success of previous years.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1st April 2022 to the date of this report.

The directors shown below were in office at 31st March 2023 but did not hold any interest in the Ordinary shares of £1 each at 1st April 2022 or 31st March 2023.

J M Williams
J W Bostock
I N Firth

FINANCIAL INSTRUMENTS
The company's operations expose it to a variety of financial risks including credit risk and price risk. The company do not consider cash flow and liquidity to be a risk.

The company does not have material exposure in any of the areas identified above.

The company's principal financial instruments comprise sterling cash and bank deposit, together with trade debtors and trade creditors that arise directly from operations.

POLITICAL DONATIONS AND EXPENDITURE
There were no political or charitable donations.

POST BALANCE SHEET EVENTS
There have been no events since the year end which would materially affect the financial statements.

GEOGRAPHICAL AREA
No branches of the company exist outside the United Kingdom.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 then 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. 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.

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, M. D. Coxey and Co. Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J M Williams - Director


8th September 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CABLE SERVICES HOLDINGS LIMITED

Opinion
We have audited the financial statements of Cable Services Holdings Limited (the 'company') for the year ended 31st March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st March 2023 and of its profit 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CABLE SERVICES HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CABLE SERVICES HOLDINGS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CABLE SERVICES HOLDINGS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anthony Lewis (Senior Statutory Auditor)
for and on behalf of M. D. Coxey and Co. Limited
Chartered Accountants
and Statutory Auditors
25 Grosvenor Road
Wrexham
LL11 1BT

8th September 2023

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31ST MARCH 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 3 1,309,036 1,205,037

Administrative expenses 1,283,209 599,237
25,827 605,800

Other operating income 20,000 -
OPERATING PROFIT 5 45,827 605,800

Interest receivable and similar income 10,899 50
PROFIT BEFORE TAXATION 56,726 605,850

Tax on profit 6 11,203 26,205
PROFIT FOR THE FINANCIAL YEAR 45,523 579,645

Retained earnings at beginning of year 3,530,802 2,951,157

RETAINED EARNINGS AT END OF
YEAR

3,576,325

3,530,802

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 15,175 32,610
Investments 8 3,012,406 3,012,406
3,027,581 3,045,016

CURRENT ASSETS
Debtors 9 6,078,742 5,248,184
Cash at bank 409,901 305,057
6,488,643 5,553,241
CREDITORS
Amounts falling due within one year 10 2,817,761 1,942,800
NET CURRENT ASSETS 3,670,882 3,610,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,698,463

6,655,457

PROVISIONS FOR LIABILITIES 12 1,653 4,170
NET ASSETS 6,696,810 6,651,287

CAPITAL AND RESERVES
Called up share capital 13 3,120,485 3,120,485
Retained earnings 14 3,576,325 3,530,802
SHAREHOLDERS' FUNDS 6,696,810 6,651,287

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 HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

1. STATUTORY INFORMATION

Cable Services Holdings 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirement of paragraph 33.7.

Preparation of consolidated financial statements
The financial statements contain information about Cable Services Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Cable Services Enterprises Limited, .

Significant judgements and estimates
In the application of the Company’s accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

- Estimated useful lives and residual values of fixed assets:
The carrying value of fixed assets are reviewed each year end for indicators of impairment triggers. If such triggers exist, management would be required to carry out a formal impairment review using a discounted cash flow model to determine their value in use on a cash-generating unit basis. The value in use calculation requires management to estimate the future cash flows expected to arise from the cash-generating unit and a sustainable discount rate in order to calculate the present value.

Depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods.

- Revenue recognition:
In making its judgement, management consider the detailed criteria for the recognition of revenue as set out within Section 23 of FRS 102. The directors are satisfied that the recognition point being typically when the service has taken place is correct.

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

2. ACCOUNTING POLICIES - continued

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

No depreciation will be provided in respect of freehold land.

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 Comprehensive Income, 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.

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.

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.

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

The company's turnover arose wholly within the United Kingdom.

4. EMPLOYEES AND DIRECTORS
31.3.23 31.3.22
£    £   
Wages and salaries 1,082,149 1,007,434
Social security costs 156,050 132,196
Other pension costs 8,500 8,500
1,246,699 1,148,130

The average number of employees during the year was as follows:
31.3.23 31.3.22

Directors 3 3
Management 3 4
Administration 2 2
8 9

31.3.23 31.3.22
£    £   
Directors' remuneration 482,660 441,677
Directors' pension contributions to money purchase schemes 8,500 8,500

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
31.3.23 31.3.22
£    £   
Emoluments etc 461,534 420,649
Pension contributions to money purchase schemes 8,500 8,500

Key management are also the directors.

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 17,435 32,174
Profit on disposal of fixed assets - (603,804 )
Auditors' remuneration 16,620 15,000
Auditors' remuneration - non audit work 1,495 1,962

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.23 31.3.22
£    £   
Current tax:
UK corporation tax 13,720 31,034

Deferred tax (2,517 ) (4,829 )
Tax on profit 11,203 26,205

UK corporation tax has been charged at 19% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.23 31.3.22
£    £   
Profit before tax 56,726 605,850
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

10,778

115,112

Effects of:
Permanent timing differences 28 195
Disposal of property - (89,102 )
investment
Deferred tax rate movement 397 -
Total tax charge 11,203 26,205

7. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 195,647 9,900 205,547
DEPRECIATION
At 1st April 2022 163,037 9,900 172,937
Charge for year 17,435 - 17,435
At 31st March 2023 180,472 9,900 190,372
NET BOOK VALUE
At 31st March 2023 15,175 - 15,175
At 31st March 2022 32,610 - 32,610

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

8. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st April 2022
and 31st March 2023 3,012,406
NET BOOK VALUE
At 31st March 2023 3,012,406
At 31st March 2022 3,012,406

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cable Services Limited
Registered office: Bridge House, Bridge Road, Wrexham Industrial Estate, Wrexham, LL13 9PS.
Nature of business: Sales of cable and related materials
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 23,738,326 20,290,471
Profit for the year 3,447,855 3,252,634

Cable Services International Limited
Registered office: Bridge House, Bridge Road, Wrexham Industrial Estate, Wrexham, LL13 9PS.
Nature of business: Sales of cable and related materials
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 1,724,294 1,602,808
Profit for the year 121,486 146,820

Smith Electrical Limited
Registered office: Hawbank House, 21/23 Hawbank Road, College Milton, East Kilbride, G74 5EG
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 1,000 1,000

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

8. FIXED ASSET INVESTMENTS - continued

Cable Services Investments Limited
Registered office: Bridge House, Bridge Road, Wrexham Industrial Estate, Wrexham, LL13 9PS.
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 2 2

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 6,078,742 5,248,184

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 18,885 5,983
Tax 13,720 31,034
Other creditors 2,785,156 1,905,783
2,817,761 1,942,800

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 43,663 30,533
Between one and five years 44,649 14,072
88,312 44,605

12. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 1,653 4,170

Deferred
tax
£   
Balance at 1st April 2022 4,170
Movement in the year due to:
changes in tax allowances (2,914 )
changes in tax rate 397
Balance at 31st March 2023 1,653

CABLE SERVICES HOLDINGS LIMITED (REGISTERED NUMBER: 03801731)

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

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3,120,485 Ordinary £1 3,120,485 3,120,485

14. RESERVES
Retained
earnings
£   

At 1st April 2022 3,530,802
Profit for the year 45,523
At 31st March 2023 3,576,325

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

16. RELATED PARTY DISCLOSURES

Cable Services Holdings 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


17. 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.