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REGISTERED NUMBER: 07704108 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

CABLES TRAVEL LTD

CABLES TRAVEL LTD (REGISTERED NUMBER: 07704108)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

CABLES TRAVEL LTD

Company Information
for the Year Ended 31 July 2023







Director: J A Watson





Registered office: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





Registered number: 07704108 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

CABLES TRAVEL LTD (REGISTERED NUMBER: 07704108)

Abridged Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2,720 3,400
Tangible assets 5 28,580 22,969
31,300 26,369

Current assets
Debtors 142,081 143,591
Cash at bank and in hand 2,082 3,558
144,163 147,149
Creditors
Amounts falling due within one year 129,746 123,264
Net current assets 14,417 23,885
Total assets less current liabilities 45,717 50,254

Creditors
Amounts falling due after more than one
year

(32,213

)

(37,658

)

Provisions for liabilities (1,003 ) -
Net assets 12,501 12,596

Capital and reserves
Called up share capital 100 100
Retained earnings 12,401 12,496
Shareholders' funds 12,501 12,596

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

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

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

CABLES TRAVEL LTD (REGISTERED NUMBER: 07704108)

Abridged Balance Sheet - continued
31 July 2023



The financial statements were approved by the director and authorised for issue on 12 July 2024 and were signed by:





J A Watson - Director


CABLES TRAVEL LTD (REGISTERED NUMBER: 07704108)

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

1. STATUTORY INFORMATION

Cables Travel Ltd 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.

The financial statements are prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the period including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 and 10% on reducing balance
Motor vehicles - not provided and Straight line over 6 years
Computer equipment - 33% on cost and 25% on cost

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.

CABLES TRAVEL LTD (REGISTERED NUMBER: 07704108)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 6,800
AMORTISATION
At 1 August 2022 3,400
Amortisation for year 680
At 31 July 2023 4,080
NET BOOK VALUE

At 31 July 2023 2,720
At 31 July 2022 3,400

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 54,690
Additions 8,000
At 31 July 2023 62,690
DEPRECIATION
At 1 August 2022 31,721
Charge for year 2,389
At 31 July 2023 34,110
NET BOOK VALUE
At 31 July 2023 28,580
At 31 July 2022 22,969

CABLES TRAVEL LTD (REGISTERED NUMBER: 07704108)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2022
and 31 July 2023 43,757
DEPRECIATION
At 1 August 2022
and 31 July 2023 25,334
NET BOOK VALUE
At 31 July 2023 18,423
At 31 July 2022 18,423

6. SECURED DEBTS

The following secured debts are included within creditors:

31/7/23 31/7/22
£    £   
Hire purchase contracts - 9,550

These debts are secured by the assets they relate to.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31/7/23 31/7/22
£    £   
J A Watson
Balance outstanding at start of year 109,263 94,531
Amounts advanced 23,541 68,421
Amounts repaid (42,493 ) (53,689 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,311 109,263

The above loan is subject to interest at 2% per annum upto Apr-23 and 2.25% thereafter. The balance is repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Cables Travel Ltd

The following reproduces the text of the report prepared for the director 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 Abridged Income Statement and certain other primary statements and the Report of the Director 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 Cables Travel Ltd for the year ended 31 July 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Cables Travel Ltd in accordance with the terms of our engagement letter dated 6 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Cables Travel Ltd and state those matters that we have agreed to state to the director of Cables Travel Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Cables Travel Ltd 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 Cables Travel Ltd. You consider that Cables Travel Ltd 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 Cables Travel Ltd. 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


12 July 2024