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REGISTERED NUMBER: 04553551 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CUBIC DESIGN AND CONSTRUCTION LIMITED

CUBIC DESIGN AND CONSTRUCTION LIMITED (REGISTERED NUMBER: 04553551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CUBIC DESIGN AND CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Miss S D Woolston
M J Hubbard





SECRETARY: Miss S D Woolston





REGISTERED OFFICE: Ventureforth House
South Denes Road
Great Yarmouth
Norfolk
NR30 3PT





REGISTERED NUMBER: 04553551 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

CUBIC DESIGN AND CONSTRUCTION LIMITED (REGISTERED NUMBER: 04553551)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,682 6,872

CURRENT ASSETS
Debtors 5 2,661 12,818
Cash at bank and in hand 314,685 367,539
317,346 380,357
CREDITORS
Amounts falling due within one year 6 (102,052 ) (82,247 )
NET CURRENT ASSETS 215,294 298,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,976

304,982

PROVISIONS FOR LIABILITIES (1,080 ) (1,306 )
NET ASSETS 219,896 303,676

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 219,696 303,476
SHAREHOLDERS' FUNDS 219,896 303,676

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:



Miss S D Woolston - Director


CUBIC DESIGN AND CONSTRUCTION LIMITED (REGISTERED NUMBER: 04553551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Cubic Design and 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.
Plant and machinery etc - 20% on reducing balance and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CUBIC DESIGN AND CONSTRUCTION LIMITED (REGISTERED NUMBER: 04553551)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 46,746
DEPRECIATION
At 1 January 2023 39,874
Charge for year 1,190
At 31 December 2023 41,064
NET BOOK VALUE
At 31 December 2023 5,682
At 31 December 2022 6,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,661 2,552
Other debtors - 10,266
2,661 12,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,552 76,207
Taxation and social security - 40
Other creditors 96,500 6,000
102,052 82,247

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £62,000 (2022 - £36,000) were paid to the directors .

The company operates a loan account with the Directors and the balance as at 31st December 2023 was £96,500.

8. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr M J Hubbard and Miss S D Woolston as holders of the share capital throughout the current year.