Registered number
14594764
Cabo Limited
Report and Accounts
31 January 2024
Cabo Limited
Registered number: 14594764
Director's Report
The director presents his report and accounts for the period ended 31 January 2024.
Principal activities
The company's principal activity during the year continued to be that of providing management consultancy activities other than financial management
Directors
The following persons served as directors during the period:
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 16 October 2024 and signed on its behalf.
A V Abrudan
Director
Cabo Limited
Profit and Loss Account
for the period from 16 January 2023 to 31 January 2024
2024
£
Turnover 2,200
Administrative expenses (1,223)
Operating profit 977
Profit before taxation 977
Tax on profit (186)
Profit for the period 791
Cabo Limited
Registered number: 14594764
Balance Sheet
as at 31 January 2024
Notes 2024
£
Current assets
Debtors 3 359
Cash at bank and in hand 218
577
Creditors: amounts falling due within one year 4 (186)
Net current assets 391
Net assets 391
Capital and reserves
Called up share capital 100
Profit and loss account 291
Shareholder's funds 391
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
A V Abrudan
Director
Approved by the board on 16 October 2024
Cabo Limited
Statement of Changes in Equity
for the period from 16 January 2023 to 31 January 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 16 January 2023 - - - - -
Profit for the period 791 791
Dividends (500) (500)
At 31 January 2024 100 - - 291 391
Cabo Limited
Notes to the Accounts
for the period from 16 January 2023 to 31 January 2024
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. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Other debtors 359
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 186
5 Other information
Cabo Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 40, Prowse Court
74 Fore Street
London
N18 2FF
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