Registration number: 04293272

Cabletime Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 8

Cabletime Limited

(Registration number: 04293272)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	5	25,481	25,481
Tangible assets	6	4,538	4,952
		30,019	30,433
Current assets
Stocks	7	456,141	554,997
Debtors	8	1,383,882	1,720,137
Cash at bank and in hand		119,564	29,047
		1,959,587	2,304,181
Creditors: Amounts falling due within one year	9	(206,768)	(193,707)
Net current assets		1,752,819	2,110,474
Total assets less current liabilities		1,782,838	2,140,907
Provisions for liabilities		(6,000)	(95,000)
Net assets		1,776,838	2,045,907
Capital and reserves
Called up share capital	10	12	12
Share premium reserve		26,892	26,892
Capital redemption reserve		3	3
Retained earnings		1,749,931	2,019,000
Shareholders' funds		1,776,838	2,045,907

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

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.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

Mr J Hiscox Director

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office and its principal place of business is:
Suite 3
Part 4th Floor Bedford House
21a John Street
London
WC1N 2BF
England

These financial statements were authorised for issue by the Board on 3 September 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 4 September 2026 was Robert Cadwallader, who signed for and on behalf of ML Audit LLP.

Key sources of estimation uncertainty

In prior years, the directors made a provison for the estimated future costs of rectifying dilapidations in a leased property occupied by the company. The lease ended during the year and an estimated provision at the balance sheet date is not required. The carrying amount is £Nil (2023 -£65,000).

The directors make a provision against slow moving and obsolete stock held at the balance sheet date based on their knowledge of market conditons and estimated futures sales volumes. The carrying amount is £56,301 (2023 -£60,553).

Page 2

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Asset class	Depreciation method and rate
Fixtures and fittings	10% straight line - except for exhibition stands depreciated at 50% straight line
Motor vehicles	20% - 33% straight line
Office equipment	20% - 33% straight line

Development costs

Expenditure on research activities is recognised as an expense in the period in which it is incurred.

Intangible development costs

Development costs are capitalised when the directors are satisfied that a project is technically feasible, commercially viable, and capable of generating future economic benefits.

Development costs are recognised at historical cost less accumulated amortisation and accumulated impairment losses.

Amortisation is charged on a straight‑line basis once the assets are available for their intended use, over their estimated useful economic lives.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.

Asset class	Amortisation method and rate
Website development costs	25% straight line

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

A 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.

Defined contribution pension obligation

The company operates a defined contribution pension scheme, Aegon Pension and Royal London Pension, for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £6,516(2023 - £4,470) were due to the fund. They are included in other creditors.

Share based payments

The company operated an equity-settled share-based compensation plan, under which the entity received services from employees as consideration for equity instruments (options) of the company. The fair value of the employee services received was measured by reference to the estimated fair value of the equity instruments granted at the grant date and was recognised as an expense over the vesting period. The estimated fair value of the options granted was calculated by reference to the estimated market value of the company's shares. The total amount expensed was recognised over the vesting period, being the period over which all specified vesting conditions were satisfied.

The proceeds received, net of any directly attributable transaction costs, were credited to share capital (nominal value) and share premium when the options were exercised.

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2023 - 13).

4

Taxation

Tax charged/(credited) in the income statement	2024 £	2023 £
US federal tax	49,045	25,308

5	Intangible assets

	Website development costs  £	Intangible development costs  £	Total £
Cost or valuation
At 1 January 2024	11,647	25,481	37,128
Disposals	(11,647)	-	(11,647)
At 31 December 2024	-	25,481	25,481
Amortisation
At 1 January 2024	11,647	-	11,647
Amortisation eliminated on disposals	(11,647)	-	(11,647)
At 31 December 2024	-	-	-
Carrying amount
At 31 December 2024	-	25,481	25,481
At 31 December 2023	-	25,481	25,481

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	7,461	57,928	4,500	69,889
Additions	-	4,997	-	4,997
Disposals	(7,461)	(51,257)	(4,500)	(63,218)
At 31 December 2024	-	11,668	-	11,668
Depreciation
At 1 January 2024	4,873	55,564	4,500	64,937
Charge for the year	2,588	2,823	-	5,411
Eliminated on disposal	(7,461)	(51,257)	(4,500)	(63,218)
At 31 December 2024	-	7,130	-	7,130
Carrying amount
At 31 December 2024	-	4,538	-	4,538
At 31 December 2023	2,588	2,364	-	4,952

7

Stocks

	2024 £	2023 £
Work in progress	66,093	97,693
Finished goods and goods for resale	390,048	457,304
	456,141	554,997

8

Debtors

	Note	2024 £	2023 £
Trade debtors		352,794	417,983
Amounts owed by related parties		816,879	1,022,785
Prepayments		43,158	76,348
Other debtors		171,051	203,021
		1,383,882	1,720,137

Cabletime Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9

Creditors

Due within one year	2024 £	2023 £
Trade creditors	56,647	66,175
Social security and other taxes	37,842	28,314
Other creditors	27,291	36,796
Accruals	84,988	62,422
	206,768	193,707