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REGISTERED NUMBER: 00708459 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

Cubex Limited

Cubex Limited (Registered number: 00708459)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cubex Limited

Company Information
for the Year Ended 30th November 2023







DIRECTOR: A Shulberg





SECRETARY: A Shulberg





REGISTERED OFFICE: 25 New Cavendish Street
London
W1G 8LP





REGISTERED NUMBER: 00708459 (England and Wales)





ACCOUNTANTS: Chesterton Consultancy Ltd
42 Abbotsbury Gardens
Pinner
Middlesex
HA5 1SX

Cubex Limited (Registered number: 00708459)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,649 1,862

CURRENT ASSETS
Stocks 13,670 26,993
Debtors 5 56,529 47,216
Cash at bank and in hand 240,278 283,676
310,477 357,885
CREDITORS
Amounts falling due within one year 6 198,780 184,843
NET CURRENT ASSETS 111,697 173,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,346

174,904

CREDITORS
Amounts falling due after more than one
year

7

(15,524

)

(25,703

)

PROVISIONS FOR LIABILITIES (1,731 ) (169 )
NET ASSETS 102,091 149,032

Cubex Limited (Registered number: 00708459)

Balance Sheet - continued
30th November 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 100,091 147,032
SHAREHOLDERS' FUNDS 102,091 149,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th February 2024 and were signed by:





A Shulberg - Director


Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Cubex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As there are no indications that Cubex will not continue in operational existence for at least one year from the date of approval, these accounts have been prepared on a going concern basis

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost and Straight line over 15 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 97,616
Additions 8,746
Disposals (12,134 )
At 30th November 2023 94,228
DEPRECIATION
At 1st December 2022 95,754
Charge for year 2,959
Eliminated on disposal (12,134 )
At 30th November 2023 86,579
NET BOOK VALUE
At 30th November 2023 7,649
At 30th November 2022 1,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,209 30,652
Other debtors 31,320 16,564
56,529 47,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,179 9,896
Trade creditors 119,851 94,155
Taxation and social security 49,226 35,698
Other creditors 19,524 45,094
198,780 184,843

Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 15,524 25,703

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 71,511 71,511
Between one and five years 148,811 220,321
220,322 291,832