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REGISTERED NUMBER: 09340199 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cable Gang Limited

Cable Gang Limited (Registered number: 09340199)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cable Gang Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L J Hamby





REGISTERED OFFICE: 50 Meadow Lane
Halifax
West Yorkshire
HX3 5JR





REGISTERED NUMBER: 09340199 (England and Wales)





ACCOUNTANTS: Enigma Accountants Ltd
Office B5, Croft Myl
West Parade
Halifax
West Yorkshire
HX1 2EQ

Cable Gang Limited (Registered number: 09340199)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,012 110,479

CURRENT ASSETS
Stocks 20,000 11,000
Debtors 5 430,226 305,848
Cash at bank 271,554 145,554
721,780 462,402
CREDITORS
Amounts falling due within one year 6 353,265 212,236
NET CURRENT ASSETS 368,515 250,166
TOTAL ASSETS LESS CURRENT LIABILITIES 494,527 360,645

CREDITORS
Amounts falling due after more than one
year

7

(23,358

)

(37,795

)

PROVISIONS FOR LIABILITIES (24,627 ) (20,110 )
NET ASSETS 446,542 302,740

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 446,442 302,640
446,542 302,740

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

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

Cable Gang Limited (Registered number: 09340199)

Balance Sheet - continued
31 December 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 director and authorised for issue on 29 November 2024 and were signed by:





L J Hamby - Director


Cable Gang Limited (Registered number: 09340199)

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

1. STATUTORY INFORMATION

Cable Gang 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, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Cable Gang Limited (Registered number: 09340199)

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 252,195
Additions 45,505
At 31 December 2023 297,700
DEPRECIATION
At 1 January 2023 141,716
Charge for year 29,972
At 31 December 2023 171,688
NET BOOK VALUE
At 31 December 2023 126,012
At 31 December 2022 110,479

Cable Gang Limited (Registered number: 09340199)

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

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 19,450
DEPRECIATION
At 1 January 2023 4,863
Charge for year 3,646
At 31 December 2023 8,509
NET BOOK VALUE
At 31 December 2023 10,941
At 31 December 2022 14,587

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 56,248 121,858
Other debtors 293,919 137,858
350,167 259,716

Amounts falling due after more than one year:
Other debtors 80,059 46,132

Aggregate amounts 430,226 305,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,436 3,841
Trade creditors 90,468 13,733
Taxation and social security 141,666 115,433
Other creditors 106,695 69,229
353,265 212,236

Cable Gang Limited (Registered number: 09340199)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,163 24,163
Hire purchase contracts 9,195 13,632
23,358 37,795

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
L J Hamby
Balance outstanding at start of year 44,180 37,964
Amounts advanced 151,151 79,478
Amounts repaid (55,310 ) (73,262 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,021 44,180