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Registration number: 06560186

Cube Learning And Development Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 30 April 2023

 

Cube Learning And Development Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Cube Learning And Development Limited

(Registration number: 06560186)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

5

 

420

 

630

Current assets

   

 

Debtors

6

78,530

 

52,429

 

Cash at bank and in hand

 

56,568

 

63,722

 

 

135,098

 

116,151

 

Creditors: Amounts falling due within one year

7

(50,887)

 

(43,867)

 

Net current assets

   

84,211

 

72,284

Total assets less current liabilities

   

84,631

 

72,914

Provisions for liabilities

 

(105)

 

(120)

Net assets

   

84,526

 

72,794

Capital and reserves

   

 

Called up share capital

1,000

 

1,000

 

Profit and loss account

83,526

 

71,794

 

Total equity

   

84,526

 

72,794

 

Cube Learning And Development Limited

(Registration number: 06560186)
Balance Sheet as at 30 April 2023

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

.........................................
Mr C.J. Burton
Director

 

Cube Learning And Development Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 1C Chapel Allerton House
114 Harrogate Road
Leeds
LS7 4NY
England

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102, including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

 

Cube Learning And Development Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Cube Learning And Development Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2022

10,000

10,000

At 30 April 2023

10,000

10,000

Amortisation

At 1 May 2022

10,000

10,000

At 30 April 2023

10,000

10,000

Carrying amount

At 30 April 2023

-

-

 

Cube Learning And Development Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

4,261

4,261

At 30 April 2023

4,261

4,261

Depreciation

At 1 May 2022

3,631

3,631

Charge for the year

210

210

At 30 April 2023

3,841

3,841

Carrying amount

At 30 April 2023

420

420

At 30 April 2022

630

630

6

Debtors

Current

2023
£

2022
£

Trade debtors

76,738

51,787

Prepayments

1,671

642

Other debtors

121

-

 

78,530

52,429

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

8,612

4,604

Taxation and social security

36,763

32,091

Other creditors

5,512

7,172

50,887

43,867