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REGISTERED NUMBER: 08593586 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

CABLE INSTALLATION SERVICES (NW) LIMITED

CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)






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


CABLE INSTALLATION SERVICES (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M Frost





REGISTERED OFFICE: Unit 68 Roman Way Industrial Estate
Ribbleton
Preston
Lancashire
PR2 5BE





REGISTERED NUMBER: 08593586 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 117,165 182,028

CURRENT ASSETS
Debtors 5 654,342 604,900
Cash at bank and in hand 148,130 493,971
802,472 1,098,871
CREDITORS
Amounts falling due within one year 6 333,493 430,659
NET CURRENT ASSETS 468,979 668,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,144

850,240

CREDITORS
Amounts falling due after more than one
year

7

(52,381

)

(115,872

)

PROVISIONS FOR LIABILITIES 10 (29,291 ) (45,507 )
NET ASSETS 504,472 688,861

CAPITAL AND RESERVES
Called up share capital 11 50 50
Capital redemption reserve 50 50
Retained earnings 504,372 688,761
SHAREHOLDERS' FUNDS 504,472 688,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 12 February 2025 and were signed by:





M Frost - Director


CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)

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

1. STATUTORY INFORMATION

Cable Installation Services (NW) 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.

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

Turnover includes a provision for work done as at the balance sheet date but invoiced post year end and is provided at the value expected to be invoiced.

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 cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited / charged to profit or loss.

The accounting policy has been changed from a reducing balance basis to a straight line basis. This is to more accurately reflect the economic life of the assets.

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 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.

CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)

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

2. ACCOUNTING POLICIES - continued

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.

Leases are classed as finance leases whenever the terms of the leases transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit and loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Employee benefits
The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The costs of any unused holiday entitlement is recognised in the period in which the employees' services are received.

Termination payments are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Going concern
The director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of of accounting in preparing the financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 32 ) .

CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 226,162 371,473 15,649 613,284
Additions 8,953 - - 8,953
Disposals - (13,500 ) - (13,500 )
At 31 July 2024 235,115 357,973 15,649 608,737
DEPRECIATION
At 1 August 2023 183,253 235,070 12,933 431,256
Charge for year 18,983 44,011 1,822 64,816
Eliminated on disposal - (4,500 ) - (4,500 )
At 31 July 2024 202,236 274,581 14,755 491,572
NET BOOK VALUE
At 31 July 2024 32,879 83,392 894 117,165
At 31 July 2023 42,909 136,403 2,716 182,028

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 510,859 391,392
Amounts recoverable on contract 30,931 115,704
Other debtors 112,552 97,804
654,342 604,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 53,491 48,295
Trade creditors 215,849 214,203
Taxation and social security (822 ) 50,245
Other creditors 54,975 107,916
333,493 430,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts (see note 8) 39,881 93,372
52,381 115,872

CABLE INSTALLATION SERVICES (NW) LIMITED (REGISTERED NUMBER: 08593586)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/7/24 31/7/23
£    £   
Net obligations repayable:
Within one year 53,491 48,295
Between one and five years 39,881 93,372
93,372 141,667

Non-cancellable operating leases
31/7/24 31/7/23
£    £   
Within one year 9,144 9,669
Between one and five years 1,328 5,163
10,472 14,832

9. SECURED DEBTS

The following secured debts are included within creditors:

31/7/24 31/7/23
£    £   
Hire purchase contracts 93,372 141,667

10. PROVISIONS FOR LIABILITIES
31/7/24 31/7/23
£    £   
Deferred tax 29,291 45,507

Deferred
tax
£   
Balance at 1 August 2023 45,507
Credit to Income Statement during year (16,216 )
Change in rates
Balance at 31 July 2024 29,291

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
50 Ordinary £1 50 50