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REGISTERED NUMBER: 07438364 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CABLECRAFT MOTION CONTROLS LIMITED

CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CABLECRAFT MOTION CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D Pappano
K McBride



SECRETARY: B Randall



REGISTERED OFFICE: Units H1&H2 Lanyard House
Ropemaker Park
Hailsham
East Sussex
BN27 3GY



REGISTERED NUMBER: 07438364 (England and Wales)



AUDITORS: Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW



BANKERS: National Westminster
96 Terminus Road
Eastbourne
East Sussex
BN21 3LX

CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 428,058 441,281

CURRENT ASSETS
Stocks 445,568 453,274
Debtors 5 327,442 494,179
Cash at bank and in hand 390,521 156,576
1,163,531 1,104,029
CREDITORS
Amounts falling due within one year 6 (275,864 ) (309,576 )
NET CURRENT ASSETS 887,667 794,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,315,725

1,235,734

PROVISIONS FOR LIABILITIES 8 (99,901 ) (6,890 )
NET ASSETS 1,215,824 1,228,844

CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital contribution 983,429 983,429
Retained earnings 232,295 245,315
SHAREHOLDERS' FUNDS 1,215,824 1,228,844

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





K McBride - Director


CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Cablecraft Motion Controls 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.

Going concern
The company's business activities together with the factors likely to affect its future development, performance and position have been considered by the Directors. The company has sufficient financial resources to be able to meet all liabilities as they full due and has produced forecasts covering a period of 12 months from the date of signing of these accounts indicating that it will continue to be profitable and cash generative. As a consequence the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents the amounts derived, from the provision of goods falling within the company's ordinary activities, recognised at the point at which title passes to the customer and stated net of value added tax. Terms of business are agreed with each customer with title generally passing to the customer when goods are ready for collection.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and investment properties, at rates calculated to write off the cost or valuation of each asset to its estimated residual value on a straight line basis over its expected useful life, as follows:-

Short leaseholdOver the term of the lease
Fixtures and fittingsStraight line over 3 years
Tooling, Plant and MachineryStraight line over 3-15 years
Motor vehiclesStraight line over 5 years

Residual value is calculated on prices prevailing at the reporting date, after estimated costs of disposal, for the asset as if it were at the age and in the condition expected at the end of its useful life.

Land and buildings were valued using the revaluation model. No provision for depreciation is made in respect of the freehold land and buildings as the directors consider such a charge to be immaterial.

Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost represents materials, labour and a proportion of production overheads appropriate to the relevant stage of production.

CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 conforms to the auto enrolment legislation but does not provide pensions or other retirement benefits. The company instead makes contributions into employees’ private plans which are charged to the profit and loss account as incurred.

CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 451,729 96,208 26,411 574,348
Additions 28,543 25,157 - 53,700
At 31 December 2024 480,272 121,365 26,411 628,048
DEPRECIATION
At 1 January 2024 39,625 78,935 14,507 133,067
Charge for year 48,657 13,086 5,180 66,923
At 31 December 2024 88,282 92,021 19,687 199,990
NET BOOK VALUE
At 31 December 2024 391,990 29,344 6,724 428,058
At 31 December 2023 412,104 17,273 11,904 441,281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 220,072 302,791
Amounts owed by group undertakings 45,011 46,964
Other debtors 62,359 144,424
327,442 494,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 131,462 164,998
Amounts owed to group undertakings 66,377 79,368
Taxation and social security 44,395 25,551
Other creditors 33,630 39,659
275,864 309,576

CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 89,899 87,800
Between one and five years 335,665 323,700
In more than five years 222,544 303,469
648,108 714,969

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 95,956 -

Other provisions
Product warranties 3,945 6,890

Aggregate amounts 99,901 6,890

Deferred Product
tax warranties
£    £   
Balance at 1 January 2024 (83,446 ) 6,890
Provided during year 7,526 2,945
Charge to Income Statement during year 102,962 -
Reversal of PY loss c/b 79,972 -
SBA timing differences (11,058 ) -
Balance at 31 December 2024 95,956 9,835

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen James Moore (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Ltd

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions provided by Section 33 of FRS 102 'Related Party Disclosures' and has not disclosed transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transaction is wholly owned by a member of that group.

CABLECRAFT MOTION CONTROLS LIMITED (REGISTERED NUMBER: 07438364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking and the smallest group for which consolidated financial statements are drawn up is Cablecraft Motion Controls Holdings LLC in the United States of America. These financial statements are available from 2110 Summit Street, New Haven, Indiana, 46774, United States of America.

The ultimate parent and controlling party is Torque 2020 CMA Holding LLC.