Cabling procedure for the colored HOMFLY polynomials

We discuss using the cabling procedure to calculate colored HOMFLY polynomials. We describe how it can be used and how the projectors and $\mathcal R$-matrices needed for this procedure can be found. The constructed matrix expressions for the projectors and $\mathcal R$-matrices in the fundamental representation allow calculating the HOMFLY polynomial in an arbitrary representation for an arbitrary knot. The computational algorithm can be used for the knots and links with $|Q|m\le12$, where $m$ is the number of strands in a braid representation of the knot and $|Q|$ is the number of boxes in the Young diagram of the representation. We also discuss the justification of the cabling procedure from the group theory standpoint, deriving expressions for the fundamental $\mathcal R$-matrices and clarifying some conjectures formulated in previous papers.