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Company Registration No. 4154765 (England and Wales)
Cubicstate Limited Unaudited accounts for the year ended 31 March 2023
Cubicstate Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cubicstate Limited Company Information for the year ended 31 March 2023
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 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
4,844
3,297
Current assets
Debtors
5
14,288
8,562
Cash at bank and in hand
86,246
97,908
100,534
106,470
Creditors: amounts falling due within one year
6
(38,364)
(43,001)
Net current assets
62,170
63,469
Total assets less current liabilities
67,014
66,766
Provisions for liabilities
Deferred tax
(920)
(630)
Net assets
66,094
66,136
Capital and reserves
Called up share capital
1,002
1,002
Profit and loss account
65,092
65,134
Shareholders' funds
66,094
66,136
For the year ending 31 March 2023 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 28 September 2023 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 2023
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 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2022
1,809
3,681
5,490
Additions
536
1,808
2,344
At 31 March 2023
2,345
5,489
7,834
Depreciation
At 1 April 2022
123
2,070
2,193
Charge for the year
214
583
797
At 31 March 2023
337
2,653
2,990
Net book value
At 31 March 2023
2,008
2,836
4,844
At 31 March 2022
1,686
1,611
3,297
5
Debtors
2023
2022
£
£
Amounts falling due within one year
Trade debtors
14,288
8,562
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxes and social security
11,337
15,068
Other creditors
4,352
1,169
Loans from directors
22,555
26,059
Accruals
120
705
38,364
43,001
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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