Cable Europe Limited,Ltd - AccountsLtd - Accounts

CABLE EUROPE LIMITED - Company Information

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Cable Europe Limited

Registered Number:04154996

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2022

Cable Europe Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

04154996

As at 31 March 2022

Cable Europe Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

3,429

5,170

3,429

5,170

Current assets

Inventories

4,080

Trade and other receivables

26,337

15,172

71,258

Cash and cash equivalents

13,988

33,240

97,595

Trade and other payables: amounts falling due within one

year

(101,418)

(35,383)

(3,823)

(2,143)

Net current liabilities

Total assets less current liabilities

1,286

1,347

(670)

(982)

Provisions for liabilities

616

Net assets

365

Capital and reserves

Called up share capital

300

Retained earnings

316

616

365

Shareholders' funds

For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

John Byrne Director

These financial statements were approved and authorised for issue by the Board on 22 December 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2022

Cable Europe Limited

Notes to the Financial Statements

Statutory Information

Cable Europe Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 04154996.

Registered address:

15 Romany Rise

Orpington

Kent

BR5 1HG

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Motor vehicles

33.33% Straight line

Equip, fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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For the year ended 31 March 2022

Cable Europe Limited

Notes to the Financial Statements Continued

2. Inventories

2021

2022

Stocks

4,080

3. Trade and other receivables

2021

2022

Trade debtors

13,904

24,625

Prepayments and accrued income

1,268

1,512

Other debtors

200

26,337

15,172

4. Trade and other payables: amounts falling due within one year

2021

2022

Trade creditors

742

Taxation and social security

26,749

67,871

Accruals and deferred income

4,026

25,723

Directors' loan accounts

1,176

3,631

Other creditors

2,690

4,122

35,383

101,418

5. Related party transactions

During the two years ending 31 March 2022 there was no controlling party.

6. Average number of persons employed

During the year the average number of employees was 3 (2021 : 8)

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