|
CABLE IT SOLUTIONS LIMITED
REGISTERED NUMBER: 9687491
BALANCE SHEET
AS AT 31 JULY 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes
Cable IT Solutions Limited is a company limited by shares whose registered office is Strood Hall, Stortford Road, Little Canfield, Dunmow CM6 1SN, incorporated in England and Wales, registration number 9687491.
The principal activity of the company continued to be that of IT consultancy.
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future and will be able to meet its liabilities as they fall due. There is uncertainty that the director has had to consider in deciding to prepare the financial statements on a going concern basis, which is set out below.
The company has incurred an operating loss in the current period and is reliant on the continued support of the principal creditors of the business in order to meet its liabilities as they fall due. The company is also dependant on the generation of profits and cash in the future as well as the control of costs.
On the basis of current disclosed intentions, the director believes that their plans for the generation of profits and the control of costs are realistic. Accordingly, the director considers that it is appropriate to prepare the financial statements on a going concern basis.
If expectations in line with the plans were not achieved, the going concern basis may be invalid, and adjustments may have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Average number of employees
|
The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
|
|
CABLE IT SOLUTIONS LIMITED
REGISTERED NUMBER: 9687491
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
Directors' benefits: advances, credits and guarantees
|
At 31 July 2025 James Holland owed the company £209,077.92 (2024 - £51,381). Interest was charged on this loan of 4.5% (2024 - 2.5%) totalling to £6,324 (2024 - £813).
Guarantees and other financial commitments
|
During the year ended 31 July 2020 the company took out a Government-backed Bounceback loan. This is to be repaid over 6 years with an interest rate of 2.5% per annum. The Government has committed to paying the interest on the loan for the first 12 months. At 31 July 2025 £5,264 (2024 - £11,437) was outstanding.
Directors' confirmations
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2026.
|