Contact Cables Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06603558 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CONTACT CABLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J M Thorpe

REGISTERED OFFICE:

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

06603558 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

18,570

23,216

CURRENT ASSETS

Stocks

189,470

214,950

Debtors

6

244,522

272,201

Cash at bank

35,517

45,451

469,509

532,602

CREDITORS

Amounts falling due within one year

7

(136,025

)

(186,017

)

NET CURRENT ASSETS

333,484

346,585

TOTAL ASSETS LESS CURRENT
LIABILITIES

352,054

369,801

CREDITORS

Amounts falling due after more than one year

8

-

(3,753

)

PROVISIONS FOR LIABILITIES

9

(3,519

)

(2,315

)

NET ASSETS

348,535

363,733

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

348,435

363,633

SHAREHOLDERS' FUNDS

348,535

363,733

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 September 2026 and were signed by:

J M Thorpe - Director

1.	STATUTORY INFORMATION

Contact Cables 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 (£).

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.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

The bounce back loan scheme

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

Cost

At 1 January 2025

22,108

6,670

35,902

3,326

68,006

Additions

1,400

-

1,400

At 31 December 2025

23,508

6,670

35,902

3,326

69,406

Depreciation

At 1 January 2025

10,390

5,951

26,211

2,238

44,790

Charge for year

3,172

180

2,526

168

6,046

At 31 December 2025

13,562

6,131

28,737

2,406

50,836

Net book value

At 31 December 2025

9,946

539

7,165

920

18,570

At 31 December 2024

11,718

719

9,691

1,088

23,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

83,734

115,436

Amounts owed by group undertakings

157,975

153,804

Other debtors

1,625

1,773

Prepayments

1,188

244,522

272,201

Included within debtors is an amount of £1,625 (2024: £1,625) due in respect of a rent deposit which is recoverable in more than one year from the balance sheet date.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

3,091

6,616

Trade creditors

55,392

98,857

Corporation tax

7,020

9,282

Social security and other taxes

250

-

VAT

53,174

51,903

Other creditors

14,211

14,012

Directors' loan account

488

832

Accrued expenses

2,399

4,515

136,025

186,017

The bank overdraft was secured by way of a debenture incorporating a fixed and floating charge over the assets and undertakings of the company.

The bank loan is due for repayment in more than one year from the balance sheet date, being charged at 0% interest in year one and 2.5% per annum thereafter.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

-

3,753

The bank loan is due for repayment in more than one year from the balance sheet date, being charged at 0% interest in year one and 2.5% per annum thereafter.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

3,519

2,315

Deferred

tax

£

Balance at 1 January 2025

2,315

Capital allowances in excess

of depreciation

1,204

Balance at 31 December 2025

3,519

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within creditors is an amount of £488 (2024: £832) due to J M Thorpe, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.