Company Registration No. 4154765 (England and Wales)
Cubicstate Limited
Unaudited accounts
for the year ended 31 March 2023
Cubicstate Limited
Unaudited accounts
Contents
Cubicstate Limited
Company Information
for the year ended 31 March 2023
Directors
Mr P Dimitrijevic
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
Cubicstate Limited
Statement of financial position
as at 31 March 2023
Tangible assets
4,844
3,297
Cash at bank and in hand
86,246
97,908
Creditors: amounts falling due within one year
(38,364)
(43,001)
Net current assets
62,170
63,469
Total assets less current liabilities
67,014
66,766
Provisions for liabilities
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
Cubicstate Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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
At 31 March 2023
2,345
5,489
7,834
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
At 31 March 2023
2,008
2,836
4,844
At 31 March 2022
1,686
1,611
3,297
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
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Average number of employees
During the year the average number of employees was 2 (2022: 2).