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Registration number: 02308001

Cabco Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Cabco Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Cabco Limited

Company Information

Directors

Mohammed Sarwar Hussain

David John Taylor

Registered office

34a Kingfisher Court
Hambridge Road
Newbury
Berkshire
RG14 5SL

Accountants

Accounting & Taxation Centre BTD
AccountantsSuite 38 & 39 Venture West
Greenham Business Park
Newbury
Berkshire
RG19 6HX

 

Cabco Limited

(Registration number: 02308001)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

183,721

183,913

Investment property

5

2,240

2,240

 

185,961

186,153

Current assets

 

Debtors

6

33,582

32,202

Cash at bank and in hand

 

52,894

48,943

 

86,476

81,145

Creditors: Amounts falling due within one year

7

(87,494)

(53,204)

Net current (liabilities)/assets

 

(1,018)

27,941

Total assets less current liabilities

 

184,943

214,094

Creditors: Amounts falling due after more than one year

7

(50,528)

(61,746)

Net assets

 

134,415

152,348

Capital and reserves

 

Called up share capital

8

11,550

11,550

Share premium reserve

168,608

168,608

Retained earnings

(45,743)

(27,810)

Shareholders' funds

 

134,415

152,348

For the financial year ending 31 August 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 and 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 25 July 2025 and signed on its behalf by:
 

.........................................
Mohammed Sarwar Hussain
Director

 

Cabco Limited

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

1

General information

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

The address of its registered office is:
34a Kingfisher Court
Hambridge Road
Newbury
Berkshire
RG14 5SL
England

These financial statements were authorised for issue by the Board on 25 July 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 sales/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.

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:

 

Cabco Limited

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Cabco Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 September 2023

180,000

1,996

5,759

23,942

Additions

-

-

-

1,048

At 31 August 2024

180,000

1,996

5,759

24,990

Depreciation

At 1 September 2023

-

1,820

4,893

21,071

Charge for the year

-

44

216

980

At 31 August 2024

-

1,864

5,109

22,051

Carrying amount

At 31 August 2024

180,000

132

650

2,939

At 31 August 2023

180,000

176

866

2,871

 

Cabco Limited

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

Total
£

Cost or valuation

At 1 September 2023

211,697

Additions

1,048

At 31 August 2024

212,745

Depreciation

At 1 September 2023

27,784

Charge for the year

1,240

At 31 August 2024

29,024

Carrying amount

At 31 August 2024

183,721

At 31 August 2023

183,913

Included within the net book value of land and buildings above is £180,000 (2023 - £180,000) in respect of freehold land and buildings.
 

5

Investment properties

2024
£

At 1 September

2,240

At 31 August

2,240

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Prepayments

594

932

Other debtors

32,988

31,270

 

33,582

32,202

 

Cabco Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,555

11,555

Trade creditors

 

8,390

7,268

Taxation and social security

 

21,466

25,925

Accruals and deferred income

 

5,947

6,205

Other creditors

 

40,136

2,251

 

87,494

53,204

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

50,528

61,746

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

11,550

11,550

11,550

11,550

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

26,853

32,408

Other borrowings

23,675

29,338

50,528

61,746

Current loans and borrowings

 

Cabco Limited

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

2024
£

2023
£

Bank borrowings

5,555

5,555

Other borrowings

6,000

6,000

11,555

11,555

10

Related party transactions

 

Cabco Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

10,102

9,040