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Registration number: 4353385

CCG Cable Terminations Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

CCG Cable Terminations Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

CCG Cable Terminations Limited

Company Information

Directors

Mr Anthony Murray

N Lackinger

Company secretary

N Lackinger

Registered office

Unit 31B
Metcalfe Road
Skippers Lane Industrial Estate
Middlesbrough
Cleveland
TS6 6PT

Accountants

Shortridge & Co.
Chartered Certified Accountant
Brook House
60 Yew Lane
Ecclesfield
Sheffield
S Yorkshire
S5 9AN

 

CCG Cable Terminations Limited

(Registration number: 4353385)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Tangible assets

4

284,125

187,689

Current assets

 

Stocks

5

428,228

520,538

Debtors

6

1,147,899

947,722

Cash at bank and in hand

 

1,040,265

941,663

 

2,616,392

2,409,923

Creditors: Amounts falling due within one year

7

(881,356)

(712,453)

Net current assets

 

1,735,036

1,697,470

Total assets less current liabilities

 

2,019,161

1,885,159

Provisions for liabilities

(35,866)

(35,866)

Net assets

 

1,983,295

1,849,293

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

1,983,294

1,849,292

Shareholders' funds

 

1,983,295

1,849,293

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The directors have elected not to file a profit and loss account.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

.........................................
Mr Anthony Murray
Director

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 31B
Metcalfe Road
Skippers Lane Industrial Estate
Middlesbrough
Cleveland
TS6 6PT
United Kingdom

These financial statements were authorised for issue by the Board on 28 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

186,588

29,394

215,982

Additions

94,640

2,762

97,402

At 30 June 2024

281,228

32,156

313,384

Depreciation

At 1 July 2023

-

28,293

28,293

Charge for the year

-

966

966

At 30 June 2024

-

29,259

29,259

Carrying amount

At 30 June 2024

281,228

2,897

284,125

At 30 June 2023

186,588

1,101

187,689

Included within the net book value of land and buildings above is £281,228 (2023 - £186,588) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

428,228

520,538

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,147,899

941,044

Other debtors

-

6,678

 

1,147,899

947,722

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

126,382

51,197

Taxation and social security

56,908

6,402

Other creditors

698,066

654,854

881,356

712,453

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

9

Related party transactions

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

101,415

94,150

Summary of transactions with parent

The company is wholly owned by CCG Australasia Pty Ltd of which the ultimate holding company is CCG International Trust (formerly Westward Trust) a company registered in Guernsey.
 

Summary of transactions with subsidiaries

CCG Cable Terminations Middle East is wholly owned by CCG Cable Terminations Ltd. The Ultimate holding company is CCG International Trust (formerly Westward Trust) registed in Guernsey.
.

 

Income and receivables from related parties

2024

Parent
£

Subsidiary
£

Sale of goods

-

53,328

Receipt of services

123,103

-

123,103

53,328

Amounts receivable from related party

437,948

389,982

2023

Parent
£

Subsidiary
£

Sale of goods

-

23,169

Receipt of services

154,698

-

154,698

23,169

Amounts receivable from related party

449,566

333,285

Expenditure with and payables to related parties

2024

Parent
£

Subsidiary
£

Purchase of goods

321,249

-

Amounts payable to related party

24,981

1,821

2023

Parent
£

Subsidiary
£

Purchase of goods

385,212

-

Amounts payable to related party

40,943

1,821

Loans to related parties

 

CCG Cable Terminations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024

Subsidiary
£

Total
£

At start of period

557,358

557,358

At end of period

557,358

557,358

2023

Subsidiary
£

Total
£

At start of period

557,358

557,358

At end of period

557,358

557,358

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

652,566

652,566

At end of period

652,566

652,566

2023

Subsidiary
£

Total
£

At start of period

557,358

557,358

Advanced

95,208

95,208

At end of period

652,566

652,566

Terms of loans from related parties

The outstanding liability to the subsidiary represents working amounts held in the UK dollar account on behalf of the subsidiary. Amounts receivable from the subsidiary are also available for offset.