Cable Right Limited 05238722 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of the installation of telecommunication and computer cabling. Digita Accounts Production Advanced 6.30.9574.0 true true 05238722 2024-04-01 2025-03-31 05238722 2025-03-31 05238722 core:CurrentFinancialInstruments 2025-03-31 05238722 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05238722 core:FurnitureFittings 2025-03-31 05238722 core:MotorVehicles 2025-03-31 05238722 bus:SmallEntities 2024-04-01 2025-03-31 05238722 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05238722 bus:FilletedAccounts 2024-04-01 2025-03-31 05238722 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05238722 bus:RegisteredOffice 2024-04-01 2025-03-31 05238722 bus:Director1 2024-04-01 2025-03-31 05238722 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05238722 core:FurnitureFittings 2024-04-01 2025-03-31 05238722 core:MotorVehicles 2024-04-01 2025-03-31 05238722 core:PlantMachinery 2024-04-01 2025-03-31 05238722 core:Vehicles 2024-04-01 2025-03-31 05238722 countries:AllCountries 2024-04-01 2025-03-31 05238722 2024-03-31 05238722 core:FurnitureFittings 2024-03-31 05238722 core:MotorVehicles 2024-03-31 05238722 2023-04-01 2024-03-31 05238722 2024-03-31 05238722 core:CurrentFinancialInstruments 2024-03-31 05238722 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05238722 core:FurnitureFittings 2024-03-31 05238722 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 05238722

Cable Right Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Cable Right Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Cable Right Limited

(Registration number: 05238722)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 27,753 | 25,900
Current assets |  |  |
Debtors | 5 | 672,660 | 679,560
Cash at bank and in hand |  | 555,636 | 442,039
|  | 1,228,296 | 1,121,599
Creditors: Amounts falling due within one year | 6 | (357,242) | (326,346)
Net current assets |  | 871,054 | 795,253
Net assets |  | 898,807 | 821,153
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 898,806 | 821,152
Shareholders' funds |  | 898,807 | 821,153

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 June 2025

......................................... C Cauchi Director

Cable Right Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
33 Lenelby Road
Surbiton
Surrey
KT6 7BG

These financial statements were authorised for issue by the director on 20 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Cable Right Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Fixtures, fittings & equipment | 20% straight line basis
Motor vehicles | 20% straight line basis

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.

Cable Right Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 2).

Cable Right Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 2,863 | 51,224 | 54,087
Additions | - | 15,795 | 15,795
Disposals | - | (12,564) | (12,564)
At 31 March 2025 | 2,863 | 54,455 | 57,318
Depreciation
At 1 April 2024 | 1,363 | 26,824 | 28,187
Charge for the year | 750 | 13,192 | 13,942
Eliminated on disposal | - | (12,564) | (12,564)
At 31 March 2025 | 2,113 | 27,452 | 29,565
Carrying amount
At 31 March 2025 | 750 | 27,003 | 27,753
At 31 March 2024 | 1,500 | 24,400 | 25,900

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 573,442 | 620,454
Other debtors | 99,218 | 59,106
| 672,660 | 679,560

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 9,821 | 13,134
Trade creditors |  | 151,777 | 168,745
Taxation and social security |  | 72,234 | 48,848
Accruals and deferred income |  | 4,300 | 4,435
Other creditors |  | 119,110 | 91,184
|  | 357,242 | 326,346