REGISTERED NUMBER: 08280844 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

MSL Cable Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Draycott

SECRETARY:

Mrs L Draycott

REGISTERED OFFICE:

The Old Manse

29 St Mary Street

Ilkeston

Derbyshire

DE7 8AB

REGISTERED NUMBER:

08280844 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

Chartered Accountants

The Old Manse

29 St. Mary Street

Ilkeston

Derbyshire

DE7 8AB

FIXED ASSETS

Tangible assets

5

59,427

50,784

CURRENT ASSETS

Stocks

64,547

25,992

Debtors

6

191,234

187,149

Cash at bank and in hand

11,139

92,953

266,920

306,094

CREDITORS

Amounts falling due within one year

7

89,634

117,603

NET CURRENT ASSETS

177,286

188,491

TOTAL ASSETS LESS CURRENT LIABILITIES

236,713

239,275

CREDITORS

Amounts falling due after more than one year

8

(3,333

)

(13,333

)

PROVISIONS FOR LIABILITIES

(13,481

)

(11,046

)

NET ASSETS

219,899

214,896

CAPITAL AND RESERVES

Called up share capital

10

2

2

Capital redemption reserve

1

1

Retained earnings

219,896

214,893

SHAREHOLDERS' FUNDS

219,899

214,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

M Draycott - Director

1.	STATUTORY INFORMATION

MSL Cable Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's place of business is Unit 2 Manor Park, 92A Church Street, Stapleford, Nottingham, NG9 8DJ.

The figures in the financial statements are rounded to the nearest £1.

The company is not a member of a group and these financial statements therefore cover only the individual company.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stock: work in progress

Work in progress is valued at the lower of cost plus an appropriate proportion of profit relevant to the stage of completion of each contract and net realisable value.

Cost is calculated using the first in, first out method and includes all direct costs incurred in bringing the work in progress to its present location and condition.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

33,521

350

59,107

3,876

96,854

Additions

6,940

-

18,232

367

25,539

At 31 January 2025

40,461

350

77,339

4,243

122,393

DEPRECIATION

At 1 February 2024

11,016

282

31,972

2,800

46,070

Charge for year

2,763

10

13,531

592

16,896

At 31 January 2025

13,779

292

45,503

3,392

62,966

NET BOOK VALUE

At 31 January 2025

26,682

58

31,836

851

59,427

At 31 January 2024

22,505

68

27,135

1,076

50,784

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

123,183

136,893

Other debtors

68,051

50,256

191,234

187,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,316

10,000

Trade creditors

18,809

22,872

Taxation and social security

43,689

64,113

Other creditors

16,820

20,618

89,634

117,603

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

9,750

-

Between one and five years

-

21,450

9,750

21,450

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loans (interest free and repayable on demand) to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

M Draycott

Balance outstanding at start of year

38,711

6,637

Amounts advanced

59,092

45,574

Amounts repaid

(39,277

)

(13,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,526

38,711