Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Andrew Michael O'Rourke 10/09/2021 Andrew Robert Prior 16/01/2020 Cillian Martin Ryan 10/09/2021 07 October 2024 The principal activity of the company is consulting engineers. 12407198 2024-01-31 12407198 bus:Director1 2024-01-31 12407198 bus:Director2 2024-01-31 12407198 bus:Director3 2024-01-31 12407198 2023-01-31 12407198 core:CurrentFinancialInstruments 2024-01-31 12407198 core:CurrentFinancialInstruments 2023-01-31 12407198 core:ShareCapital 2024-01-31 12407198 core:ShareCapital 2023-01-31 12407198 core:RetainedEarningsAccumulatedLosses 2024-01-31 12407198 core:RetainedEarningsAccumulatedLosses 2023-01-31 12407198 core:PlantMachinery 2023-01-31 12407198 core:OfficeEquipment 2023-01-31 12407198 core:ComputerEquipment 2023-01-31 12407198 core:PlantMachinery 2024-01-31 12407198 core:OfficeEquipment 2024-01-31 12407198 core:ComputerEquipment 2024-01-31 12407198 2022-01-31 12407198 bus:OrdinaryShareClass1 2024-01-31 12407198 bus:OrdinaryShareClass2 2024-01-31 12407198 bus:OrdinaryShareClass3 2024-01-31 12407198 2023-02-01 2024-01-31 12407198 bus:FilletedAccounts 2023-02-01 2024-01-31 12407198 bus:SmallEntities 2023-02-01 2024-01-31 12407198 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12407198 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12407198 bus:Director1 2023-02-01 2024-01-31 12407198 bus:Director2 2023-02-01 2024-01-31 12407198 bus:Director3 2023-02-01 2024-01-31 12407198 core:PlantMachinery 2023-02-01 2024-01-31 12407198 core:OfficeEquipment 2023-02-01 2024-01-31 12407198 core:ComputerEquipment 2023-02-01 2024-01-31 12407198 2022-02-01 2023-01-31 12407198 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 12407198 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 12407198 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 12407198 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 12407198 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 12407198 bus:OrdinaryShareClass3 2023-02-01 2024-01-31 12407198 bus:OrdinaryShareClass3 2022-02-01 2023-01-31 12407198 1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12407198 (England and Wales)

CUBE CONSULTING ENGINEERS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

CUBE CONSULTING ENGINEERS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

CUBE CONSULTING ENGINEERS LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
CUBE CONSULTING ENGINEERS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Andrew Michael O'Rourke
Andrew Robert Prior
Cillian Martin Ryan
REGISTERED OFFICE 1 Poultry C/O Praxis
London
EC2R 8EJ
England
United Kingdom
COMPANY NUMBER 12407198 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
CUBE CONSULTING ENGINEERS LTD

BALANCE SHEET

As at 31 January 2024
CUBE CONSULTING ENGINEERS LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 9,058 8,438
9,058 8,438
Current assets
Debtors 5 339,934 218,055
Cash at bank and in hand 135,950 182,565
475,884 400,620
Creditors: amounts falling due within one year 6 ( 130,504) ( 108,796)
Net current assets 345,380 291,824
Total assets less current liabilities 354,438 300,262
Net assets 354,438 300,262
Capital and reserves
Called-up share capital 8 99 99
Profit and loss account 354,339 300,163
Total shareholders' funds 354,438 300,262

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cube Consulting Engineers Ltd (registered number: 12407198) were approved and authorised for issue by the Board of Directors on 07 October 2024. They were signed on its behalf by:

Andrew Michael O'Rourke
Director
CUBE CONSULTING ENGINEERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
CUBE CONSULTING ENGINEERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cube Consulting Engineers Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Poultry C/O Praxis, London, EC2R 8EJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

In preparing the financial statements for the year ended 31 January 2024 it was identified that the cash at bank balance had been misreported for the comparative financial year ending 31 January 2023. The error was in respect of duplicated receipts totalling £8,760 that remained unreconciled on the Bank and a historical difference of £900 . The comparatives have been restated to correct the Bank position at 31 January 2023. The net effect of the adjustment reflects a decrease in profit of £8,200 and the comparatives have been restated as follows:

As previously reported Adjustment As restated
Year ended 31 January 2023 £ £ £
Bank balance 192,225 (9,660) 182,565
VAT (35,134) 1,460 (33,674)
Turnover (486,213) 7,300 (478,913)
General expenses (51) 900 849

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 0

4. Tangible assets

Plant and machinery Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 February 2023 2,333 16,366 118 18,817
Additions 2,047 199 1,178 3,424
At 31 January 2024 4,380 16,565 1,296 22,241
Accumulated depreciation
At 01 February 2023 0 10,379 0 10,379
Charge for the financial year 1,159 1,501 144 2,804
At 31 January 2024 1,159 11,880 144 13,183
Net book value
At 31 January 2024 3,221 4,685 1,152 9,058
At 31 January 2023 2,333 5,987 118 8,438

5. Debtors

2024 2023
£ £
Trade debtors 83,208 51,068
Other debtors 256,726 166,987
339,934 218,055

Included in other debtors is an amount of £237,141 owed by a company of which there is a common Director (2023: £166,987). The amount owed is repayable on demand and does not bear interest.

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 192 0
Taxation and social security 102,455 96,549
Other creditors 27,857 12,247
130,504 108,796

There are no amounts included above in respect of which any security has been given by the small entity.

Included in other creditors is an amount of £25,742.95 owed to the Directors (2023: £10,870.95). The amounts owed to the directors are repayable on demand and do not bear interest.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 1,721) 0
At the end of financial year ( 1,721) 0

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
33 Ordinary A shares of £ 1.00 each 33 33
33 Ordinary B shares of £ 1.00 each 33 33
33 Ordinary C shares of £ 1.00 each 33 33
99 99

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 330 0

The Company had no material capital commitments at the year ended 31 January 2024.

10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.