REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
CABLEBUILD LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
CABLEBUILD LIMITED |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CABLEBUILD LIMITED |
Company Information |
FOR THE YEAR ENDED 31 JULY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Balance Sheet |
31 JULY 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Investment property revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Balance Sheet - continued |
31 JULY 2024 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2024 |
1. | COMPANY INFORMATION |
Cablebuild 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. |
The presentation currency of the financial statements is the Pound Sterling (£). |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Turnover |
Turnover represents the total rental income received from the rental property. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures, fittings and equipment | - |
Investment property |
Investment properties for which fair value can be measured reliably without undue cost or effort are |
measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
The investment property fair value is £575,000 and was determined by the directors by reference to reports procured from an independent, qualified valuer who uses current market prices for comparable property, adjusted for any differences in nature, |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
3. | ACCOUNTING POLICIES - continued |
Cash and cash equivalents |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
Short | Plant and | and |
leasehold | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2023 |
and 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Investment property includes 'Crannaford Partnership' the company's interest held under a joint arrangement. |
Fair value at 31 July 2024 is represented by: |
£ |
Valuation in 2013 | 111,472 |
Valuation in 2014 | 20,605 |
Valuation in 2015 | 1,230 |
Valuation in 2016 | 10,255 |
Valuation in 2017 | 21,655 |
Valuation in 2018 | 27,175 |
Valuation in 2019 | 15,600 |
Valuation in 2020 | (3,070 | ) |
Valuation in 2021 | 9,730 |
Valuation in 2022 | (49,585 | ) |
Cost | 409,933 |
575,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 409,933 | 409,933 |
The investment property was valued on an open market basis on 31 July 2024 by the directors . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
CABLEBUILD LIMITED (REGISTERED NUMBER: 01835017) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | SECURED DEBTS |
There are fixed and floating charges over all the property and undertakings of the company with the following: |
- The Governor and Company of the Bank of Scotland dated 1 November 1991. |
- Lloyds Tsb Bank PLC dated 8 November 1994. |
- Lloyds Tsb Bank PLC dated 10 March 2005. |
- Lloyds Tsb Bank PLC dated 25 January 2006. |
- Lloyds Tsb Bank PLC dated 10 November 2006. |
- Lloyds Tsb Bank PLC dated 1 April 2010. |