Registered number
10147965
CABLES ONLINE LTD
Filleted Accounts
30 April 2024
CABLES ONLINE LTD
Registered number: 10147965
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,970 17,839
Current assets
Stocks 120,500 128,600
Debtors 4 19,335 28,500
Cash at bank and in hand 13,389 12,746
153,224 169,846
Creditors: amounts falling due within one year 5 (101,485) (75,990)
Net current assets 51,739 93,856
Total assets less current liabilities 67,709 111,695
Creditors: amounts falling due after more than one year 6 (48,247) (68,526)
Net assets 19,462 43,169
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,362 43,069
Shareholder's funds 19,462 43,169
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.
HASSAN NANA
Director
Approved by the board on 21 January 2025
CABLES ONLINE LTD
Notes to the Accounts
for the year ended 30 April 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 May 2023 25,441
Additions 750
At 30 April 2024 26,191
Depreciation
At 1 May 2023 7,602
Charge for the year 2,619
At 30 April 2024 10,221
Net book value
At 30 April 2024 15,970
At 30 April 2023 17,839
4 Debtors 2024 2023
£ £
Trade debtors (Overpayments) 19,335 28,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33,537 31,431
Taxation and social security costs 858 9,343
Other creditors 67,090 35,216
101,485 75,990
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (BBL) 42,533 62,814
Other creditors 5,714 5,712
48,247 68,526
7 Other information
CABLES ONLINE LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 WELL LANE
BATLEY
WF17 5HQ
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