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Registered number: SC447988










CABLE ROAD CONTAINERS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
CABLE ROAD CONTAINERS LTD
 

COMPANY INFORMATION


Directors
Mr C A Elder 
Mrs G Elder (appointed 6 May 2024)




Registered number
SC447988



Registered office
Plot 1-2 Cable Road

Glenrothes

Fife

KY6 2SY







 
CABLE ROAD CONTAINERS LTD
REGISTERED NUMBER: SC447988

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
195,141
217,345

  
195,141
217,345

Current assets
  

Debtors: amounts falling due within one year
 5 
1,200
15,611

  
1,200
15,611

Creditors: amounts falling due within one year
 6 
(53,175)
(72,989)

Net current liabilities
  
 
 
(51,975)
 
 
(57,378)

Total assets less current liabilities
  
143,166
159,967

Creditors: amounts falling due after more than one year
 7 
-
(10,036)

Provisions for liabilities
  

Deferred tax
  
(16,611)
(19,459)

  
 
 
(16,611)
 
 
(19,459)

Net assets
  
126,555
130,472


Capital and reserves
  

Called up share capital 
 8 
2
2

Revaluation reserve
  
112,529
112,529

Profit and loss account
  
14,024
17,941

  
126,555
130,472


Page 1

 
CABLE ROAD CONTAINERS LTD
REGISTERED NUMBER: SC447988

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr C A Elder
Director

Date: 26 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CABLE ROAD CONTAINERS LTD
 

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

1.


General information

Cable Road Containers Ltd is a Company limited shares and incorporated in Scotland, Registration number SC447988. The registered office address is Plot 1-2 Cable Road, Glenrothes, Fife, KY6 2SY. 
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company relies on the continued support of the director to finance its short term working capital requirements. Due to the continued support from the directors, at the time of approving the financial statements, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
CABLE ROAD CONTAINERS LTD
 

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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Plant and machinery
-
5% on cost and 20% straightline
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
CABLE ROAD CONTAINERS LTD
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 September 2023
277,744
11,340
289,084



At 31 August 2024

277,744
11,340
289,084



Depreciation


At 1 September 2023
65,752
5,987
71,739


Charge for the year on owned assets
20,866
1,338
22,204



At 31 August 2024

86,618
7,325
93,943



Net book value



At 31 August 2024
191,126
4,015
195,141



At 31 August 2023
211,992
5,353
217,345

Plant was revalued in the year ended 31 August 2017 to its open market value by the directors using relevant market evidence available at that time. The directors consider the current carrying value to represent the valuation of the asset category as at the year end date.

Page 5

 
CABLE ROAD CONTAINERS LTD
 

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

5.


Debtors

2024
2023
£
£


Other debtors
1,200
15,611





6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
6,207
11,856

Bank loans
22,518
6,187

Other taxation and social security
19,220
15,507

Obligations under finance lease and hire purchase contracts
1,365
18,413

Other creditors
265
21,026

Accruals and deferred income
3,600
-

53,175
72,989


Obligations under finance lease and hire purchase contracts are secured against the related assets.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
10,036


Obligations under finance lease and hire purchase contracts are secured against the related assets.


8.


Share capital

2024
£
Allotted, called up and fully paid


2 (2023 - 2) Ordinary shares of £1.00 each
2



Page 6