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Registration number: 01831694

Cabledraw Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

(filleted for filing purposes)

 

Cabledraw Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Cabledraw Limited

Company Information

Directors

E A M Cragg

Mr A T Cragg

Company secretary

Mr A T Cragg

Registered office

Brooker Farm
Newchurch
Romney Marsh
Kent
TN29 0DT

 

Cabledraw Limited

(Registration number: 01831694)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

190,243

200,519

Current assets

 

Debtors

5

42,594

24,129

Cash at bank and in hand

 

40,651

3,360

 

83,245

27,489

Creditors: Amounts falling due within one year

6

(271,305)

(250,803)

Net current liabilities

 

(188,060)

(223,314)

Net assets/(liabilities)

 

2,183

(22,795)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

2,083

(22,895)

Shareholders' funds/(deficit)

 

2,183

(22,795)

For the financial year ending 31 December 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.

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 23 April 2025 and signed on its behalf by:
 

.........................................
Mr A T Cragg
Company secretary and director

 

Cabledraw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
Brooker Farm
Newchurch
Romney Marsh
Kent
TN29 0DT

These financial statements were authorised for issue by the Board on 23 April 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.

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 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.

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.

 

Cabledraw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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

20% reducing balance

Office equipment

33.33% straight line

Aircraft

10% straight line to residual value

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Cabledraw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Aircraft
 £

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

280,000

48,690

328,690

Additions

-

198

198

At 31 December 2024

280,000

48,888

328,888

Depreciation

At 1 January 2024

80,000

48,171

128,171

Charge for the year

10,000

474

10,474

At 31 December 2024

90,000

48,645

138,645

Carrying amount

At 31 December 2024

190,000

243

190,243

At 31 December 2023

200,000

519

200,519

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,374

7,874

Other debtors

41,220

16,255

 

42,594

24,129

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3

3

Amounts due to related parties

240,000

250,000

Social security and other taxes

452

-

Accruals

30,850

800

271,305

250,803

 

Cabledraw Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100