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REGISTERED NUMBER: 11119456 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

QUBA CONSTRUCTION LIMITED

QUBA CONSTRUCTION LIMITED (REGISTERED NUMBER: 11119456)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUBA CONSTRUCTION LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J D Toogood





REGISTERED OFFICE: Oak Suite, Rake Factory
Church Road
Smeeth
Ashford
Kent
TN25 6SA





REGISTERED NUMBER: 11119456 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

QUBA CONSTRUCTION LIMITED (REGISTERED NUMBER: 11119456)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,893 6,570

CURRENT ASSETS
Stocks 250,000 363,570
Debtors 5 1,244,528 612,275
Cash at bank 66,779 42,225
1,561,307 1,018,070
CREDITORS
Amounts falling due within one year 6 1,110,052 554,287
NET CURRENT ASSETS 451,255 463,783
TOTAL ASSETS LESS CURRENT LIABILITIES 464,148 470,353

CREDITORS
Amounts falling due after more than one
year

7

39,724

100,464
NET ASSETS 424,424 369,889

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 424,224 369,689
424,424 369,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

QUBA CONSTRUCTION LIMITED (REGISTERED NUMBER: 11119456)

Balance Sheet - continued
31 December 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 24 July 2024 and were signed by:





J D Toogood - Director


QUBA CONSTRUCTION LIMITED (REGISTERED NUMBER: 11119456)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Quba Construction 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.

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.

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.

QUBA CONSTRUCTION LIMITED (REGISTERED NUMBER: 11119456)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 9,887 3,488 13,375
Additions 6,844 4,557 11,401
At 31 December 2023 16,731 8,045 24,776
DEPRECIATION
At 1 January 2023 4,066 2,739 6,805
Charge for year 3,167 1,911 5,078
At 31 December 2023 7,233 4,650 11,883
NET BOOK VALUE
At 31 December 2023 9,498 3,395 12,893
At 31 December 2022 5,821 749 6,570

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 928,831 463,961
Other debtors 315,697 148,314
1,244,528 612,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 958,524 340,602
Taxation and social security 151,076 213,654
Other creditors 452 31
1,110,052 554,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 39,724 100,464