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REGISTERED NUMBER: 06711505 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CABENCO LIMITED

CABENCO LIMITED (REGISTERED NUMBER: 06711505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CABENCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A S Donnachie
Mrs A Donnachie





REGISTERED OFFICE: 12a Churchyard
Hitchin
Herts
SG5 1HR





REGISTERED NUMBER: 06711505 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

CABENCO LIMITED (REGISTERED NUMBER: 06711505)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 114,716 42,943
114,716 42,943

CURRENT ASSETS
Debtors 6 479,555 511,715
Cash at bank and in hand 343,239 247,284
822,794 758,999
CREDITORS
Amounts falling due within one year 7 621,501 547,641
NET CURRENT ASSETS 201,293 211,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,009

254,301

CREDITORS
Amounts falling due after more than one year 8 (63,430 ) (26,060 )

PROVISIONS FOR LIABILITIES (20,907 ) (5,740 )
NET ASSETS 231,672 222,501

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 231,662 222,491
231,672 222,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

CABENCO LIMITED (REGISTERED NUMBER: 06711505)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 30 March 2025 and were signed on its behalf by:





Mrs A Donnachie - Director


CABENCO LIMITED (REGISTERED NUMBER: 06711505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Cabenco 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 (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.


CABENCO LIMITED (REGISTERED NUMBER: 06711505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 125 (2023 - 125 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 50,000
AMORTISATION
At 1 July 2023
and 30 June 2024 50,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

CABENCO LIMITED (REGISTERED NUMBER: 06711505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 15,243 49,829 22,099 87,171
Additions 4,166 141,741 10,218 156,125
Disposals - (63,701 ) - (63,701 )
At 30 June 2024 19,409 127,869 32,317 179,595
DEPRECIATION
At 1 July 2023 8,584 21,490 14,154 44,228
Charge for year 1,852 15,961 2,838 20,651
At 30 June 2024 10,436 37,451 16,992 64,879
NET BOOK VALUE
At 30 June 2024 8,973 90,418 15,325 114,716
At 30 June 2023 6,659 28,339 7,945 42,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 398,456 449,904
Other debtors 22,407 24,147
Directors' current accounts 12,784 15,002
Tax 2,680 2,680
Prepayments 43,228 19,982
479,555 511,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 16,276 25,426
Hire purchase contracts (see note 9) 18,270 9,003
Trade creditors 124,261 106,209
Tax - 14,123
Social security and other taxes 95,173 83,763
Pension liability 21,436 9,189
VAT 158,750 134,603
Other creditors 163,659 141,927
Accrued expenses 23,676 23,398
621,501 547,641

CABENCO LIMITED (REGISTERED NUMBER: 06711505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years - 16,276
Hire purchase contracts (see note 9) 63,430 9,784
63,430 26,060

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 25,583 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 18,270 9,003
Between one and five years 37,847 9,784
In more than five years 25,583 -
81,700 18,787

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year - 8,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
A Donnachie
Balance outstanding at start of year 15,002 20,427
Amounts advanced - (5,425 )
Amounts repaid (2,218 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,784 15,002

CABENCO LIMITED (REGISTERED NUMBER: 06711505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. RELATED PARTY DISCLOSURES

At the year end Cabenco Facilities Ltd owed £22,407 (2023: £23,384). Mrs A & Mr AS Donnachie are directors of both companies.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors.