IRIS Accounts Production v24.1.0.578 04269918 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042699182022-08-31042699182023-08-31042699182022-09-012023-08-31042699182021-08-31042699182021-09-012022-08-31042699182022-08-3104269918ns15:EnglandWales2022-09-012023-08-3104269918ns14:PoundSterling2022-09-012023-08-3104269918ns10:Director12022-09-012023-08-3104269918ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3104269918ns10:SmallEntities2022-09-012023-08-3104269918ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3104269918ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3104269918ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3104269918ns10:FullAccounts2022-09-012023-08-3104269918ns10:Director22022-09-012023-08-3104269918ns10:RegisteredOffice2022-09-012023-08-3104269918ns5:CurrentFinancialInstruments2023-08-3104269918ns5:CurrentFinancialInstruments2022-08-3104269918ns5:ShareCapital2023-08-3104269918ns5:ShareCapital2022-08-3104269918ns5:RetainedEarningsAccumulatedLosses2023-08-3104269918ns5:RetainedEarningsAccumulatedLosses2022-08-3104269918ns5:MotorVehicles2022-09-012023-08-3104269918ns5:ComputerEquipment2022-09-012023-08-3104269918ns5:FurnitureFittings2022-08-3104269918ns5:MotorVehicles2022-08-3104269918ns5:ComputerEquipment2022-08-3104269918ns5:FurnitureFittings2022-09-012023-08-3104269918ns5:FurnitureFittings2023-08-3104269918ns5:MotorVehicles2023-08-3104269918ns5:ComputerEquipment2023-08-3104269918ns5:FurnitureFittings2022-08-3104269918ns5:MotorVehicles2022-08-3104269918ns5:ComputerEquipment2022-08-3104269918ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3104269918ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 04269918 (England and Wales)













CUBE TECHNOLOGY IT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






CUBE TECHNOLOGY IT SERVICES LIMITED (REGISTERED NUMBER: 04269918)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CUBE TECHNOLOGY IT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: J A Becker
J Becker





REGISTERED OFFICE: Neptune House, Unit B1A
Neptune Road
Harrow
Middlesex
HA1 4HX





REGISTERED NUMBER: 04269918 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

CUBE TECHNOLOGY IT SERVICES LIMITED (REGISTERED NUMBER: 04269918)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,619 58,522

CURRENT ASSETS
Debtors 5 206,351 231,704
Cash at bank and in hand 1,284,800 960,392
1,491,151 1,192,096
CREDITORS
Amounts falling due within one year 6 350,274 280,189
NET CURRENT ASSETS 1,140,877 911,907
TOTAL ASSETS LESS CURRENT LIABILITIES 1,206,496 970,429

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,206,495 970,428
SHAREHOLDERS' FUNDS 1,206,496 970,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:



J A Becker - Director


CUBE TECHNOLOGY IT SERVICES LIMITED (REGISTERED NUMBER: 04269918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023


1. STATUTORY INFORMATION

Cube Technology IT Services 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements are rounded to the nearest pound.

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 comprises revenue recognised by the company in respect of supply of services of total IT solutions and also supply , installation ,management and maintenance of business technology during the year, exclusive of value added tax and trade discounts.

Revenue is recognised when the risks and rewards of ownership have substantively transferred to customers, regardless of whether legal title has transferred. This condition is normally met when the goods has been delivered or upon performance of services. The company sells a range of goods to a diversified base of customers around the world and, therefore, believes there is no material concentration of credit risk

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CUBE TECHNOLOGY IT SERVICES LIMITED (REGISTERED NUMBER: 04269918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


2. ACCOUNTING POLICIES - continued

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.

Trade and other debtors/creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Subsequent to initial recognition, they are measured at transaction price less any impairment losses. Trade and other creditors are recognised at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise of cash balances and deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2022 4,215 75,508 16,519 96,242
Additions - 27,870 1,101 28,971
At 31st August 2023 4,215 103,378 17,620 125,213
DEPRECIATION
At 1st September 2022 3,489 26,744 7,487 37,720
Charge for year 182 19,159 2,533 21,874
At 31st August 2023 3,671 45,903 10,020 59,594
NET BOOK VALUE
At 31st August 2023 544 57,475 7,600 65,619
At 31st August 2022 726 48,764 9,032 58,522


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 193,829 223,099
Other debtors 12,522 8,605
206,351 231,704

CUBE TECHNOLOGY IT SERVICES LIMITED (REGISTERED NUMBER: 04269918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 48,027 89,245
Taxation and social security 238,675 151,781
Other creditors 63,572 39,163
350,274 280,189

7. OTHER FINANCIAL COMMITMENTS

Total operating lease commitment as on balance sheet date £140,855 (2022: £152,372).

8. ULTIMATE CONTROLLING PARTY

The controlling party is J A Becker.