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REGISTERED NUMBER: 12434025 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024

FOR

CUBED LTD

CUBED LTD (REGISTERED NUMBER: 12434025)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 February 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUBED LTD

COMPANY INFORMATION
for the Period 1 February 2023 to 31 March 2024







DIRECTORS: J Garbett
A D T Morgenstern
M V Newton
L R Wilby
R Michalkiewicz
A Bola





REGISTERED OFFICE: Bank Gallery
13 High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 12434025 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

CUBED LTD (REGISTERED NUMBER: 12434025)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,879 62,819

CURRENT ASSETS
Debtors 5 44,409 69,727
Cash at bank 289,763 140,934
334,172 210,661
CREDITORS
Amounts falling due within one year 6 280,099 154,439
NET CURRENT ASSETS 54,073 56,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,952

119,041

PROVISIONS FOR LIABILITIES 7,957 11,936
NET ASSETS 87,995 107,105

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 87,893 107,003
SHAREHOLDERS' FUNDS 87,995 107,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

CUBED LTD (REGISTERED NUMBER: 12434025)

BALANCE SHEET - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





J Garbett - Director


CUBED LTD (REGISTERED NUMBER: 12434025)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 February 2023 to 31 March 2024


1. STATUTORY INFORMATION

Cubed Ltd 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 - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

CUBED LTD (REGISTERED NUMBER: 12434025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 February 2023 to 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 March 2024 83,759
DEPRECIATION
At 1 February 2023 20,940
Charge for period 20,940
At 31 March 2024 41,880
NET BOOK VALUE
At 31 March 2024 41,879
At 31 January 2023 62,819

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,195 69,700
Other debtors 2,214 27
44,409 69,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 108,512 1,583
Taxation and social security 159,686 142,819
Other creditors 11,901 10,037
280,099 154,439

7. RELATED PARTY DISCLOSURES

At 31 March 2024 other creditors includes loans made to the company by the following directors :
2024 2023
£    £   
Mr J Garbett nil 213
Mr A D T Morgenstern 527 164
Ms M V Newton 1,362 312
Mr L R Wilby 816 312
Mr R Michalkiewicz 2,497 2,133
Ms A Bola 2,497 2,133

The loans are interest free with no fixed date for repayment.

Other debtors includes a loan to Mr J Garbett of £2,214 (2023 nil), This has been subsequently repaid.

CUBED LTD (REGISTERED NUMBER: 12434025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 February 2023 to 31 March 2024


8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.