1 April 2022 false Taxfiler 2023.9 05993740business:PrivateLimitedCompanyLtd2022-04-012023-03-31 059937402022-03-31 059937402022-04-012023-03-31 05993740business:AuditExemptWithAccountantsReport2022-04-012023-03-31 05993740business:FilletedAccounts2022-04-012023-03-31 059937402023-03-31 059937402022-03-31 05993740core:WithinOneYear2023-03-31 05993740core:WithinOneYear2022-03-31 05993740core:AfterOneYear2023-03-31 05993740core:AfterOneYear2022-03-31 05993740core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05993740core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 05993740core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05993740core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 05993740core:PreviouslyStatedAmount2023-03-31 05993740core:PreviouslyStatedAmount2022-03-31 05993740business:SmallEntities2022-04-012023-03-31 05993740business:Director12022-04-012023-03-31 05993740countries:EnglandWales2022-04-012023-03-31 05993740business:RegisteredOffice2022-04-012023-03-31 05993740core:LandBuildings2022-04-012023-03-31 05993740core:PlantMachinery2022-04-012023-03-31 05993740core:MotorVehicles2022-04-012023-03-31 05993740core:ComputerEquipment2022-04-012023-03-31 05993740core:LandBuildings2022-03-31 05993740core:PlantMachinery2022-03-31 05993740core:MotorVehicles2022-03-31 05993740core:ComputerEquipment2022-03-31 05993740core:LandBuildings2023-03-31 05993740core:PlantMachinery2023-03-31 05993740core:MotorVehicles2023-03-31 05993740core:ComputerEquipment2023-03-31 05993740core:WithinOneYear2022-04-012023-03-31 05993740core:AcceleratedTaxDepreciationDeferredTax2023-03-31 05993740core:AcceleratedTaxDepreciationDeferredTax2022-03-31 059937402021-03-31 059937402021-04-012022-03-31 05993740business:OrdinaryShareClass12022-04-012023-03-31 05993740business:OrdinaryShareClass12021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05993740 (England and Wales)
C.A.B. Services (UK) Ltd Unaudited accounts for the year ended 31 March 2023
C.A.B. Services (UK) Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
129,515 
113,385 
Current assets
Inventories
4,000 
- 
Debtors
46,566 
38,801 
Cash at bank and in hand
24,247 
40,935 
74,813 
79,736 
Creditors: amounts falling due within one year
(78,048)
(100,749)
Net current liabilities
(3,235)
(21,013)
Total assets less current liabilities
126,280 
92,372 
Creditors: amounts falling due after more than one year
(41,543)
(62,691)
Provisions for liabilities
Deferred tax
(24,608)
(21,543)
Net assets
60,129 
8,138 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
60,079 
8,088 
Shareholders' funds
60,129 
8,138 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2023 and were signed on its behalf by
C A Breward Director Company Registration No. 05993740
- 2 -
C.A.B. Services (UK) Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
C.A.B. Services (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05993740. The registered office is The Old Brickworks, Buckle Street, Honeybourne, Worcestershire, WR11 8QE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The comparatives have been restated following prior year adjustments to reclassify loan repayments to rental costs and the associated tax impact. A further adjustment has been made to recognise the deferred tax liability which arose on the purchase of the van fleet.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings 10% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 3 -
C.A.B. Services (UK) Ltd Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
40,000 
60,541 
222,958 
12,838 
336,337 
Additions
- 
45,799 
- 
1,607 
47,406 
At 31 March 2023
40,000 
106,340 
222,958 
14,445 
383,743 
Depreciation
At 1 April 2022
20,000 
33,598 
158,377 
10,977 
222,952 
Charge for the year
4,000 
10,498 
16,145 
633 
31,276 
At 31 March 2023
24,000 
44,096 
174,522 
11,610 
254,228 
Net book value
At 31 March 2023
16,000 
62,244 
48,436 
2,835 
129,515 
At 31 March 2022
20,000 
26,943 
64,581 
1,861 
113,385 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,642 
37,562 
Accrued income and prepayments
2,119 
1,145 
Other debtors
805 
94 
46,566 
38,801 
- 4 -
C.A.B. Services (UK) Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,940 
17,218 
VAT
16,632 
20,279 
Obligations under finance leases and hire purchase contracts
22,259 
18,027 
Trade creditors
836 
1,778 
Taxes and social security
9,519 
10,704 
Other creditors
212 
- 
Loans from directors
10,845 
32,058 
Accruals
805 
685 
78,048 
100,749 
The bank overdraft is repayable on demand and is secured on the company's vans.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,432 
48,271 
Obligations under finance leases and hire purchase contracts
8,111 
14,420 
41,543 
62,691 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
24,608 
21,543 
2023 
2022 
£ 
£ 
Provision at start of year
21,543 
19,282 
Charged to the profit and loss account
3,065 
2,261 
Provision at end of year
24,608 
21,543 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,136 
3,588 
11
Average number of employees
During the year the average number of employees was 8 (2022: 7).
- 5 -