Registered number
07436521
NORBURY HILL CUBS LIMITED
Filleted Accounts
29 November 2023
NORBURY HILL CUBS LIMITED
Registered number: 07436521
Balance Sheet
as at 29 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,564 8,544
Current assets
Debtors 4 17,358 51,194
Cash at bank and in hand 66,949 101,918
84,307 153,112
Creditors: amounts falling due within one year 5 (71,567) (85,206)
Net current assets 12,740 67,906
Net assets 22,304 76,450
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,204 76,350
Shareholders' funds 22,304 76,450
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Director
Approved by the board on 23 August 2024
NORBURY HILL CUBS LIMITED
Notes to the Accounts
for the year ended 29 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings & equipment over 5 years
Computers over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Fixtures, fittings & equipment Computers Total
£ £ £
Cost
At 30 November 2022 23,842 11,599 35,441
Additions 4,086 4,313 8,399
At 29 November 2023 27,928 15,912 43,840
Depreciation
At 30 November 2022 15,753 11,144 26,897
Charge for the year 5,485 1,894 7,379
At 29 November 2023 21,238 13,038 34,276
Net book value
At 29 November 2023 6,690 2,874 9,564
At 29 November 2022 8,089 455 8,544
4 Debtors 2023 2022
£ £
Other debtors 17,358 51,194
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,402 13,955
Other creditors 64,165 71,251
71,567 85,206
6 Other information
NORBURY HILL CUBS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
48 Norbury Hill
London
SW16 3LB
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