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REGISTERED NUMBER: SC525632 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for


WHITE CUBE CONSULTING LTD


WHITE CUBE CONSULTING LTD (REGISTERED NUMBER: SC525632)







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




WHITE CUBE CONSULTING LTD


Company Information

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTOR:

H C Urquhart







REGISTERED OFFICE:

First Floor, 5 Abercrombie Court


Prospect Road


Arnhall Business Park


Westhill


Aberdeenshire


AB32 6FE







REGISTERED NUMBER:

SC525632 (Scotland)







ACCOUNTANTS:

Fyfe Moir & Associates


1st Floor, 5 Abercrombie Crt


Prospect Road,


Westhill


Aberdeenshire


Grampian


AB32 6FE


WHITE CUBE CONSULTING LTD (REGISTERED NUMBER: SC525632)


Balance Sheet

31 DECEMBER 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

39,452


52,743




CURRENT ASSETS

Debtors

5

16,802


38,273



Cash at bank

-


10,791



16,802


49,064



CREDITORS

Amounts falling due within one year

6

17,517


40,208



NET CURRENT (LIABILITIES)/ASSETS

(715

)

8,856



TOTAL ASSETS LESS CURRENT

LIABILITIES

38,737


61,599




PROVISIONS FOR LIABILITIES

7

7,496


10,021



NET ASSETS

31,241


51,578




CAPITAL AND RESERVES

Called up share capital

8

100


100



Share premium

9

(25,000

)

(25,000

)


Retained earnings

9

56,141


76,478



SHAREHOLDERS' FUNDS

31,241


51,578




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.


WHITE CUBE CONSULTING LTD (REGISTERED NUMBER: SC525632)


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 11 September 2024 and were signed by:






H C Urquhart - Director



WHITE CUBE CONSULTING LTD (REGISTERED NUMBER: SC525632)


Notes to the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2023


1.

STATUTORY INFORMATION



White Cube Consulting Ltd is a private company, limited by shares , registered in Scotland. 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.  


Fixtures and fittings

-

25% on cost


Computer equipment

-

15% on cost



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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .


WHITE CUBE CONSULTING LTD (REGISTERED NUMBER: SC525632)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


4.

TANGIBLE FIXED ASSETS


Fixtures



and


Motor


Computer



fittings


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1 January 2023

5,397


54,784


18,850


79,031




Additions

311


-


620


931




At 31 December 2023

5,708


54,784


19,470


79,962




DEPRECIATION


At 1 January 2023

3,703


8,218


14,367


26,288




Charge for year

741


10,957


2,524


14,222




At 31 December 2023

4,444


19,175


16,891


40,510




NET BOOK VALUE


At 31 December 2023

1,264


35,609


2,579


39,452




At 31 December 2022

1,694


46,566


4,483


52,743




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade debtors

14,759


37,230




Prepayments and accrued income

2,043


1,043



16,802


38,273




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Bank loans and overdrafts

4,714


-




Trade creditors

2,696


1




Tax

65


7,148




Social security and other taxes

342


57




VAT

3,646


8,713




Other creditors

-


1,012




Directors' current accounts

6,000


19,445




Accruals and deferred income

54


3,832



17,517


40,208




7.

PROVISIONS FOR LIABILITIES


31.12.23


31.12.22

£   

£   



Deferred tax

7,496


10,021




WHITE CUBE CONSULTING LTD (REGISTERED NUMBER: SC525632)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


7.

PROVISIONS FOR LIABILITIES - continued



Deferred



tax


£   



Balance at 1 January 2023

10,021




Movement during the year

(2,525

)



Balance at 31 December 2023

7,496




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



100

Ordinary

£1

100


100




9.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 January 2023

76,478


(25,000

)

51,478




Deficit for the year

(11,837

)

(11,837

)



Dividends

(8,500

)

(8,500

)



At 31 December 2023

56,141


(25,000

)

31,141