The Cabfusion Network Limited - Filleted accounts

The Cabfusion Network Limited
Registered number:		09684679
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		894			1,550
Tangible assets	4		112			499
			1,006			2,049

Current assets
Debtors	5	778,449			555,053
Cash at bank and in hand		130,537			582,788
		908,986			1,137,841

Creditors: amounts falling due within one year	6	(370,746)			(599,869)

Net current assets			538,240			537,972

Total assets less current liabilities			539,246			540,021

Net assets			539,246			540,021

Capital and reserves
Called up share capital			20,440			20,440
Share premium			1,825,560			1,825,560
Profit and loss account			(1,306,754)			(1,305,979)

Shareholders' funds			539,246			540,021

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Veingard
Director
Approved by the board on 9 October 2026

The Cabfusion Network Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going Concern
	The company has made a trading loss. In making their assessment of going concern the directors have considered a period of at least 12 months from the date of approval of the financial statements. It is their belief that current and future sources of funding or support from its parent company and its majority investors will be adequate for the company's needs. As a result, the going concern basis of accounting has been adopted.

	Turnover
	Turnover , which comprises net commission received or receivable, is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Software/Intellectual Property are being amortised evenly over their estimated useful life of 10 years.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.






1	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company (including directors)		3		5









3	Intangible fixed assets				£
	Software / Intellectual Property

	Cost
	At 1 January 2025				9,420
	At 31 December 2025				9,420

	Amortisation
	At 1 January 2025				7,870
	Provided during the year				656
	At 31 December 2025				8,526

	Net book value
	At 31 December 2025				894
	At 31 December 2024				1,550


4	Tangible fixed assets
			Plant and machinery		Total
£				£
	Cost
	At 1 January 2025		5,553		5,553
	At 31 December 2025		5,553		5,553

	Depreciation
	At 1 January 2025		5,054		5,054
	Charge for the year		387		387
	At 31 December 2025		5,441		5,441

	Net book value
	At 31 December 2025		112		112
	At 31 December 2024		499		499




5	Debtors		2025		2024
£				£

	Trade debtors		215,029		335,107
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		491,805		207,797
	Other debtors		71,615		12,149
			778,449		555,053

	Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		198,615		11,610
	Taxation and social security costs		83,402		158,542
	Other creditors		88,729		429,717
			370,746		599,869


7	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases		14,760		21,600



8	Related party transactions

	At 31st December 2025, a balance of £180,439 (2024: £157,660) was owed by the parent company. The amount is disclosed within Debtors: amounts owed by group undertakings. Also included within debtors: amounts owed by group undertakings is an amount of £311,366 (2024: £50,137) owed from a fellow subsidiary. The balances are unsecured, interest free and repayable on demand. The parent company is CabFusion Limited, a company incorporated in England and Wales.


9	Other information

	The Cabfusion Network Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Park Place
	Newdigate Road
	Harefield
	Middlesex
	UB9 6EJ