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REGISTERED NUMBER: 10543591 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Cable Repair Services Limited

Cable Repair Services Limited (Registered number: 10543591)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Cable Repair Services Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G Inwood
R D Stammers
K Stammers
G Horne
D Ashby
M Taffs
D A Young





REGISTERED OFFICE: Unit F, Oakwood Industrial Estate
Stonebridge Road
Northfleet
Kent
DA11 9DT





REGISTERED NUMBER: 10543591 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cable Repair Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cable Repair Services Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cable Repair Services Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Cable Repair Services Limited and state those matters that we have agreed to state to the Board of Directors of Cable Repair Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cable Repair Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cable Repair Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cable Repair Services Limited. You consider that Cable Repair Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cable Repair Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


26 October 2023

Cable Repair Services Limited (Registered number: 10543591)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,946 143,475

CURRENT ASSETS
Stocks 56,868 81,641
Debtors 5 303,923 322,967
Cash at bank 188,500 140,173
549,291 544,781
CREDITORS
Amounts falling due within one year 6 265,625 304,056
NET CURRENT ASSETS 283,666 240,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,612

384,200

CREDITORS
Amounts falling due after more than one
year

7

(102,737

)

(83,395

)

PROVISIONS FOR LIABILITIES (44,216 ) (27,260 )
NET ASSETS 332,659 273,545

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 332,459 273,345
332,659 273,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cable Repair Services Limited (Registered number: 10543591)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





K Stammers - Director


Cable Repair Services Limited (Registered number: 10543591)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Cable Repair Services 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.

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.

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 the significant risks and rewards of ownership of the goods has transferred to the buyer.

Turnover from the rendering of services, is recognised by reference to the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance and over the life of the lease

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Cable Repair Services Limited (Registered number: 10543591)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 148,038 13,402 178,688 340,128
Additions 5,507 4,194 104,052 113,753
At 31 January 2023 153,545 17,596 282,740 453,881
DEPRECIATION
At 1 February 2022 94,015 6,989 95,649 196,653
Charge for year 14,882 2,652 43,748 61,282
At 31 January 2023 108,897 9,641 139,397 257,935
NET BOOK VALUE
At 31 January 2023 44,648 7,955 143,343 195,946
At 31 January 2022 54,023 6,413 83,039 143,475

Cable Repair Services Limited (Registered number: 10543591)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 6,228 75,752 81,980
Additions - 74,052 74,052
At 31 January 2023 6,228 149,804 156,032
DEPRECIATION
At 1 February 2022 2,725 38,259 40,984
Charge for year 876 24,862 25,738
At 31 January 2023 3,601 63,121 66,722
NET BOOK VALUE
At 31 January 2023 2,627 86,683 89,310
At 31 January 2022 3,503 37,493 40,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 294,536 305,638
Other debtors 9,387 17,329
303,923 322,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,251 18,182
Hire purchase contracts and finance leases (see note 8)
22,912

14,674
Trade creditors 28,140 74,312
Taxation and social security 86,787 84,043
Other creditors 94,535 112,845
265,625 304,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,629 62,121
Hire purchase contracts and finance leases (see note 8)
58,108

21,274
102,737 83,395

Cable Repair Services Limited (Registered number: 10543591)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. LEASING AGREEMENTS

The loans in respect of leased assets are secured against the assets to which they relate.

9. OTHER FINANCIAL COMMITMENTS

At the year end the company had total commitments under non-cancellable operating leases in respect of vehicles over the remaining life of those leases of £23,965 (2022: £12,993).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £68,600 (2022: £85,000) owed to the directors in respect of their directors' loan accounts. These loans are interest free, unsecured and repayable on demand.