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REGISTERED NUMBER: 08263522 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2023

FOR

CABSPARK LIMITED

CABSPARK LIMITED (REGISTERED NUMBER: 08263522)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CABSPARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: N Woollard
Mrs L M Woollard





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 08263522 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

CABSPARK LIMITED (REGISTERED NUMBER: 08263522)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,979 14,558

CURRENT ASSETS
Debtors 5 39,006 63,679
Cash at bank 2,499 23
41,505 63,702
CREDITORS
Amounts falling due within one year 6 30,373 43,626
NET CURRENT ASSETS 11,132 20,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,111

34,634

CREDITORS
Amounts falling due after more than one year 7 (34,678 ) (21,279 )

PROVISIONS FOR LIABILITIES (7,235 ) (2,766 )
NET ASSETS 4,198 10,589

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,098 10,489
SHAREHOLDERS' FUNDS 4,198 10,589

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

CABSPARK LIMITED (REGISTERED NUMBER: 08263522)

BALANCE SHEET - continued
31ST OCTOBER 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 29th July 2024 and were signed on its behalf by:




N Woollard - Director



Mrs L M Woollard - Director


CABSPARK LIMITED (REGISTERED NUMBER: 08263522)

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

1. STATUTORY INFORMATION

Cabspark 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.

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 etc - 33% on cost and 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CABSPARK LIMITED (REGISTERED NUMBER: 08263522)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 42,867
Additions 36,206
Disposals (27,982 )
At 31st October 2023 51,091
DEPRECIATION
At 1st November 2022 28,309
Charge for year 6,969
Eliminated on disposal (19,166 )
At 31st October 2023 16,112
NET BOOK VALUE
At 31st October 2023 34,979
At 31st October 2022 14,558

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

Plant and
machinery
etc
£   
COST
At 1st November 2022 27,982
Additions 36,206
Disposals (27,982 )
At 31st October 2023 36,206
DEPRECIATION
At 1st November 2022 17,415
Charge for year 5,546
Eliminated on disposal (19,166 )
At 31st October 2023 3,795
NET BOOK VALUE
At 31st October 2023 32,411
At 31st October 2022 10,567

CABSPARK LIMITED (REGISTERED NUMBER: 08263522)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,728 5,755
Other debtors 35,278 57,924
39,006 63,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,890
Hire purchase contracts 4,612 5,491
Taxation and social security 18,377 24,492
Other creditors 7,384 7,753
30,373 43,626

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,353 15,280
Hire purchase contracts 25,325 5,999
34,678 21,279

8. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
N Woollard
Balance outstanding at start of year 20,062 22,836
Amounts repaid (20,062 ) (2,774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,062

CABSPARK LIMITED (REGISTERED NUMBER: 08263522)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs L M Woollard
Balance outstanding at start of year 23,920 24,420
Amounts repaid (3,021 ) (500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,899 23,920

10. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr N Woollard and Mrs L Woollard jointly.