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REGISTERED NUMBER: 03180450 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

M L KUBIK & SON LIMITED

M L KUBIK & SON LIMITED (REGISTERED NUMBER: 03180450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M L KUBIK & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr L Kubik





SECRETARY: Mrs M B Kubik





REGISTERED OFFICE: 17 Birchwood Drive
Ravenshead
Nottingham
NG159EE





REGISTERED NUMBER: 03180450 (England and Wales)





ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR

M L KUBIK & SON LIMITED (REGISTERED NUMBER: 03180450)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,198 1,667

CURRENT ASSETS
Debtors 5 2,820 6,749
Cash at bank and in hand 54,863 67,475
57,683 74,224
CREDITORS
Amounts falling due within one year 6 10,713 11,443
NET CURRENT ASSETS 46,970 62,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,168

64,448

PROVISIONS FOR LIABILITIES 227 316
NET ASSETS 47,941 64,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,841 64,032
SHAREHOLDERS' FUNDS 47,941 64,132

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

M L KUBIK & SON LIMITED (REGISTERED NUMBER: 03180450)

BALANCE SHEET - continued
30 JUNE 2023


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 15 February 2024 and were signed by:





Mr L Kubik - Director


M L KUBIK & SON LIMITED (REGISTERED NUMBER: 03180450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

M L Kubik & Son 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.

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 - 25% on reducing balance
Computer equipment - 50% on reducing balance

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.

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.

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 2 (2022 - 2 ) .

M L KUBIK & SON LIMITED (REGISTERED NUMBER: 03180450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 9,824 15,818 25,642
Additions - 144 144
At 30 June 2023 9,824 15,962 25,786
DEPRECIATION
At 1 July 2022 8,654 15,321 23,975
Charge for year 292 321 613
At 30 June 2023 8,946 15,642 24,588
NET BOOK VALUE
At 30 June 2023 878 320 1,198
At 30 June 2022 1,170 497 1,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 3,756
Other debtors 961 961
Prepayments 1,859 2,032
2,820 6,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,740 -
Corporation tax - 899
VAT 1,988 3,667
PAYE and national insurance 1,185 1,077
Directors' current accounts 4,600 4,600
Accrued expenses 1,200 1,200
10,713 11,443

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Kubik.