Caseware UK (AP4) 2021.0.152 2021.0.152 2021-05-312021-05-31true2020-06-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05050986 2020-06-01 2021-05-31 05050986 2019-06-01 2020-05-31 05050986 2021-05-31 05050986 2020-05-31 05050986 c:Director1 2020-06-01 2021-05-31 05050986 d:FurnitureFittings 2020-06-01 2021-05-31 05050986 d:FurnitureFittings 2021-05-31 05050986 d:FurnitureFittings 2020-05-31 05050986 d:ComputerEquipment 2020-06-01 2021-05-31 05050986 d:ComputerEquipment 2021-05-31 05050986 d:ComputerEquipment 2020-05-31 05050986 d:CurrentFinancialInstruments 2021-05-31 05050986 d:CurrentFinancialInstruments 2020-05-31 05050986 d:Non-currentFinancialInstruments 2021-05-31 05050986 d:Non-currentFinancialInstruments 2020-05-31 05050986 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 05050986 d:CurrentFinancialInstruments d:WithinOneYear 2020-05-31 05050986 d:Non-currentFinancialInstruments d:AfterOneYear 2021-05-31 05050986 d:Non-currentFinancialInstruments d:AfterOneYear 2020-05-31 05050986 d:ShareCapital 2021-05-31 05050986 d:ShareCapital 2020-05-31 05050986 d:RetainedEarningsAccumulatedLosses 2021-05-31 05050986 d:RetainedEarningsAccumulatedLosses 2020-05-31 05050986 c:FRS102 2020-06-01 2021-05-31 05050986 c:AuditExempt-NoAccountantsReport 2020-06-01 2021-05-31 05050986 c:FullAccounts 2020-06-01 2021-05-31 05050986 c:PrivateLimitedCompanyLtd 2020-06-01 2021-05-31 iso4217:GBP xbrli:pure

Registered number: 05050986










KUBIK KONSTRUKTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2021

 
KUBIK KONSTRUKTIONS LIMITED
REGISTERED NUMBER: 05050986

BALANCE SHEET
AS AT 31 MAY 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
80,863
136,885

Cash at bank and in hand
  
94,804
1,593

  
175,667
138,478

Creditors: amounts falling due within one year
 6 
(1,058,760)
(1,087,437)

Net current liabilities
  
 
 
(883,093)
 
 
(948,959)

Total assets less current liabilities
  
(883,093)
(948,959)

Creditors: amounts falling due after more than one year
  
(50,000)
-

  

Net liabilities
  
(933,093)
(948,959)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(933,095)
(948,961)

  
(933,093)
(948,959)

Page 1

 
KUBIK KONSTRUKTIONS LIMITED
REGISTERED NUMBER: 05050986
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2021

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the directors' report and the profit and loss account in accordance with 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 by: 



J Al-Yawer
Director

Date: 8 August 2021

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
KUBIK KONSTRUKTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

1.


General information

Kubik Konstruktions Limited is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the company's director has
confirmed that he will continue to provide the necessary support to enable the company to meet its
forecast liabilities as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KUBIK KONSTRUKTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Over 5 years
Computer equipment
-
Over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
KUBIK KONSTRUKTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 5

 
KUBIK KONSTRUKTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 June 2020
31,413
12,706
44,119



At 31 May 2021

31,413
12,706
44,119



Depreciation


At 1 June 2020
31,413
12,706
44,119



At 31 May 2021

31,413
12,706
44,119



Net book value



At 31 May 2021
-
-
-



At 31 May 2020
-
-
-


5.


Debtors

2021
2020
£
£


Other debtors
78,363
136,885

Prepayments and accrued income
2,500
-

80,863
136,885


Page 6

 
KUBIK KONSTRUKTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
156,721
182,055

Amounts owed to group undertakings
89,656
165,495

Other taxation and social security
9,495
1,539

Other creditors
580,450
734,931

Accruals and deferred income
222,438
3,417

1,058,760
1,087,437



7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
50,000
-



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £938 (2020 - £1,165). Contributions totalling £Nil (2020 - £226) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

Included in other creditors is an amount due to the director of £73,052 (2020: £276,532). This loan is interest free and repayable on demand.

 
Page 7