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Company Registration No. 07246310 (England and Wales)
Cube Construction (Southern) Limited Unaudited accounts for the year ended 31 December 2023
Cube Construction (Southern) Limited Unaudited accounts Contents
Page
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Cube Construction (Southern) Limited Company Information for the year ended 31 December 2023
Director
A Spiller
Company Number
07246310 (England and Wales)
Registered Office
26 Kings Parade Avenue Bristol BS8 2RE
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Cube Construction (Southern) Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cube Construction (Southern) Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 5 September 2024
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Cube Construction (Southern) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,450 
63,549 
Current assets
Inventories
1,040,943 
749,109 
Debtors
1,588,621 
1,024,980 
Cash at bank and in hand
34,821 
222,768 
2,664,385 
1,996,857 
Creditors: amounts falling due within one year
(1,747,632)
(1,244,320)
Net current assets
916,753 
752,537 
Total assets less current liabilities
967,203 
816,086 
Creditors: amounts falling due after more than one year
(191,089)
- 
Net assets
776,114 
816,086 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
775,114 
815,086 
Shareholders' funds
776,114 
816,086 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
A Spiller Director Company Registration No. 07246310
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Cube Construction (Southern) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Cube Construction (Southern) Limited is a private company, limited by shares, registered in England and Wales, registration number 07246310. The registered office is 26 Kings Parade Avenue, Bristol, BS8 2RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cube Construction (Southern) Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
33,013 
277,889 
310,902 
Additions
2,865 
21,950 
24,815 
Disposals
- 
(41,568)
(41,568)
At 31 December 2023
35,878 
258,271 
294,149 
Depreciation
At 1 January 2023
27,050 
220,303 
247,353 
Charge for the year
3,292 
19,689 
22,981 
On disposals
- 
(26,635)
(26,635)
At 31 December 2023
30,342 
213,357 
243,699 
Net book value
At 31 December 2023
5,536 
44,914 
50,450 
At 31 December 2022
5,963 
57,586 
63,549 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
1,040,943 
749,109 
1,040,943 
749,109 
Work in progress represents costs incurred on projects that have yet to be invoiced, and in the opinion of the directors, no sales invoices can be raised in respect of works undertaken to date.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
356,035 
235,754 
Amounts due from group undertakings etc.
715,062 
709,683 
Accrued income and prepayments
13,405 
16,897 
Other debtors
62,686 
62,646 
1,147,188 
1,024,980 
Amounts falling due after more than one year
Accrued income and prepayments
441,433 
- 
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Cube Construction (Southern) Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
136,453 
- 
VAT
216,971 
141,206 
Trade creditors
1,002,736 
559,683 
Amounts owed to group undertakings and other participating interests
64,189 
- 
Taxes and social security
306,296 
214,483 
Other creditors
18,937 
328,948 
Accruals
2,050 
- 
1,747,632 
1,244,320 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
191,089 
- 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Transactions with related parties
At the year end the company was owed the following from group companies: - the company was due £273,934 (2022: £285,562) from Severnview Commercial Properties Ltd - the company was due £78,657 (2022: 78,653) from 5 & 7 Robertson Road Limited - the company was due £362,471 (2022: £345,468) from 62 High Street Ltd At the year end the company owed the following to group companies: - the company owed £64,189 (2022: £1,068) to Spiller Commercial Holdings Ltd No interest was charged on these balances and there are no fixed repayment terms.
11
Controlling party
Spiller Commercial Holdings Ltd is the parent company. Alan Spiller, who owns 100% of Spiller Commercial Holdings Ltd, is the ultimate beneficial owner.
12
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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