Registered number
05876730
Cable Guys Ltd
Report and Accounts
31 March 2025
Cable Guys Ltd
Report to the director on the preparation of the unaudited statutory accounts of Cable Guys Ltd for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cable Guys Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
16 June 2025
Cable Guys Ltd
Registered number: 05876730
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 30,000 30,000
Tangible assets 4 30,494 40,660
60,494 70,660
Current assets
Stocks 3,328 3,328
Debtors 5 7,783 16,386
Cash at bank and in hand 27,163 28,627
38,274 48,341
Creditors: amounts falling due within one year 6 (20,823) (22,437)
Net current assets 17,451 25,904
Total assets less current liabilities 77,945 96,564
Creditors: amounts falling due after more than one year 7 (12,237) (22,439)
Net assets 65,708 74,125
Capital and reserves
Called up share capital 12 12
Share premium 8 8
Profit and loss account 65,688 74,105
Shareholder's funds 65,708 74,125
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L J Spicknell
Director
Approved by the board on 16 June 2025
Cable Guys Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 30,000
At 31 March 2025 30,000
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 30,000
At 31 March 2024 30,000
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 26,328 61,694 88,022
At 31 March 2025 26,328 61,694 88,022
Depreciation
At 1 April 2024 24,545 22,817 47,362
Charge for the year 447 9,719 10,166
At 31 March 2025 24,992 32,536 57,528
Net book value
At 31 March 2025 1,336 29,158 30,494
At 31 March 2024 1,783 38,877 40,660
5 Debtors 2025 2024
£ £
Trade debtors 5,471 14,074
Other debtors 2,312 2,312
7,783 16,386
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,093 3,672
Corporation tax 4,399 -
Other taxes and social security costs 6,054 3,914
Other creditors 8,277 14,851
20,823 22,437
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 12,237 22,439
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
L J Spicknell
Interest free unsecured loan 25,000 - (20,000) 5,000
L R Spicknell
Interest free unsecured loan 25,000 - (20,000) 5,000
50,000 - (40,000) 10,000
9 Other information
Cable Guys Ltd is a private company limited by shares and incorporated in England. Its registered office is:
68 Ullswater Crescent
Bramcote
Nottingham
NG9 3BE
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