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Registered number: 01815873
Cabot Access Towers (Hire & Sales) Limited
Financial Statements
For The Year Ended 31 July 2023
William Price & Co Limited
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01815873
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,070 52,083
45,070 52,083
CURRENT ASSETS
Debtors 5 67,501 70,472
67,501 70,472
Creditors: Amounts Falling Due Within One Year 6 (74,450 ) (93,432 )
NET CURRENT ASSETS (LIABILITIES) (6,949 ) (22,960 )
TOTAL ASSETS LESS CURRENT LIABILITIES 38,121 29,123
Creditors: Amounts Falling Due After More Than One Year 7 (27,901 ) (47,155 )
NET ASSETS/(LIABILITIES) 10,220 (18,032 )
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 220 (28,032 )
SHAREHOLDERS' FUNDS 10,220 (18,032)
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For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T C Wichard
Director
31 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cabot Access Towers (Hire & Sales) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01815873 . The registered office is Unit 2, Wood Road, Kingswood, Bristol, BS15 8RB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 25 %
Fixtures & Fittings 15%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 9)
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 391,952 45,445 10,036 447,433
Additions - 2,000 - 2,000
As at 31 July 2023 391,952 47,445 10,036 449,433
Depreciation
As at 1 August 2022 358,529 27,459 9,362 395,350
Provided during the period 3,342 4,997 674 9,013
As at 31 July 2023 361,871 32,456 10,036 404,363
Net Book Value
As at 31 July 2023 30,081 14,989 - 45,070
As at 1 August 2022 33,423 17,986 674 52,083
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 50,036 70,472
Corporation tax recoverable assets 4,407 -
Directors' loan accounts 13,058 -
67,501 70,472
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 3,310
Trade creditors 1,059 2,836
Bank loans and overdrafts 56,405 27,772
Corporation tax 13,972 6,125
Other taxes and social security 14 8,192
VAT - 21,865
Accruals and deferred income 3,000 10,034
Directors' loan accounts - 13,298
74,450 93,432
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,939 -
Bank loans 24,962 45,000
Other creditors - 2,155
27,901 47,155
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,310
Later than one year and not later than five years 2,939 -
2,939 3,310
2,939 3,310
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Terence Wichard - - - - 4,358
The above loan is unsecured, interest free and repayable on demand.
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