Registered number
10227916
Cable and Wholesale Supplies Limited
Filleted Accounts
30 June 2023
Cable and Wholesale Supplies Limited
Registered number: 10227916
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 77,678 18,554
Current assets
Stocks 121,569 84,034
Debtors 4 191,253 135,240
Cash at bank and in hand 212,284 228,907
525,106 448,181
Creditors: amounts falling due within one year 5 (292,656) (227,787)
Net current assets 232,450 220,394
Total assets less current liabilities 310,128 238,948
Creditors: amounts falling due after more than one year 6 (37,277) (39,522)
Net assets 272,851 199,426
Capital and reserves
Called up share capital 2 2
Profit and loss account 272,849 199,424
Shareholders' funds 272,851 199,426
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Surch
Director
Approved by the board on 10 November 2023
Cable and Wholesale Supplies Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 5,462 56,775 62,237
Additions - 63,160 63,160
Disposals - (35,275) (35,275)
At 30 June 2023 5,462 84,660 90,122
Depreciation
At 1 July 2022 4,110 39,573 43,683
Charge for the year 425 3,611 4,036
On disposals - (35,275) (35,275)
At 30 June 2023 4,535 7,909 12,444
Net book value
At 30 June 2023 927 76,751 77,678
At 30 June 2022 1,352 17,202 18,554
4 Debtors 2023 2022
£ £
Trade debtors 184,853 128,840
Other debtors 6,400 6,400
191,253 135,240
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 21,587 5,267
Trade creditors 220,370 174,562
Taxation and social security costs 38,719 36,218
Other creditors 1,980 1,740
292,656 227,787
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,500 32,500
Obligations under finance lease and hire purchase contracts 14,777 7,022
37,277 39,522
7 Other information
Cable and Wholesale Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 9 Great Barr Business Park
Baltimore Road
Great Barr
Birmingham
B42 1DY
Cable and Wholesale Supplies Limited 10227916 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2022 Mr M Surch No description of principal activity 10227916 2021-07-01 2022-06-30 10227916 core:WithinOneYear 2022-06-30 10227916 core:AfterOneYear 2022-06-30 10227916 core:ShareCapital 2022-06-30 10227916 core:RetainedEarningsAccumulatedLosses 2022-06-30 10227916 2022-07-01 2023-06-30 10227916 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10227916 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10227916 bus:Director40 2022-07-01 2023-06-30 10227916 core:PlantMachinery 2022-07-01 2023-06-30 10227916 core:Vehicles 2022-07-01 2023-06-30 10227916 countries:England 2022-07-01 2023-06-30 10227916 bus:FRS102 2022-07-01 2023-06-30 10227916 bus:FullAccounts 2022-07-01 2023-06-30 10227916 2023-06-30 10227916 core:WithinOneYear 2023-06-30 10227916 core:AfterOneYear 2023-06-30 10227916 core:ShareCapital 2023-06-30 10227916 core:RetainedEarningsAccumulatedLosses 2023-06-30 10227916 core:PlantMachinery 2023-06-30 10227916 core:Vehicles 2023-06-30 10227916 2022-06-30 10227916 core:PlantMachinery 2022-06-30 10227916 core:Vehicles 2022-06-30 iso4217:GBP xbrli:pure