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Company Registration No. 4154765 (England and Wales)
Cubicstate Limited Unaudited accounts for the year ended 31 March 2022
Cubicstate Limited Unaudited accounts Contents
Page
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Cubicstate Limited Company Information for the year ended 31 March 2022
Directors
Mr P Dimitrijevic Mr M J J Webb
Secretary
Mr M J J Webb
Company Number
4154765 (England and Wales)
Registered Office
Suite E Canal Wharf Eshton Road Gargrave BD23 3SE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Cubicstate Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,297 
4,347 
Current assets
Debtors
8,562 
7,193 
Cash at bank and in hand
97,908 
116,305 
106,470 
123,498 
Creditors: amounts falling due within one year
(43,001)
(81,329)
Net current assets
63,469 
42,169 
Total assets less current liabilities
66,766 
46,516 
Provisions for liabilities
Deferred tax
(630)
(825)
Net assets
66,136 
45,691 
Capital and reserves
Called up share capital
1,002 
1,002 
Profit and loss account
65,134 
44,689 
Shareholders' funds
66,136 
45,691 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by
Mr P Dimitrijevic Director Company Registration No. 4154765
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Cubicstate Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Cubicstate Limited is a private company, limited by shares, registered in England and Wales, registration number 4154765. The registered office is Suite E Canal Wharf, Eshton Road, Gargrave, BD23 3SE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% on reducing balance
Computer equipment
25% on reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cubicstate Limited Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
5,331 
16,338 
21,669 
Additions
936 
1,029 
1,965 
Disposals
(4,458)
(13,686)
(18,144)
At 31 March 2022
1,809 
3,681 
5,490 
Depreciation
At 1 April 2021
2,329 
14,993 
17,322 
Charge for the year
404 
498 
902 
On disposals
(2,610)
(13,421)
(16,031)
At 31 March 2022
123 
2,070 
2,193 
Net book value
At 31 March 2022
1,686 
1,611 
3,297 
At 31 March 2021
3,002 
1,345 
4,347 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
8,562 
7,193 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
15,068 
18,545 
Other creditors
1,169 
487 
Loans from directors
26,059 
30,562 
Accruals
705 
- 
Deferred income
- 
31,735 
43,001 
81,329 
7
Average number of employees
During the year the average number of employees was 2 (2021: 3).
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