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REGISTERED NUMBER: 04721537 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cubenet Limited

Cubenet Limited (Registered number: 04721537)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Cubenet Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K R Skinner
D L Penhall
P E E Penhall





SECRETARY: J E Skinner





REGISTERED OFFICE: 4 Tregarne Terrace
St Austell
Cornwall
PL25 4BE





REGISTERED NUMBER: 04721537 (England and Wales)

Cubenet Limited (Registered number: 04721537)

Abridged Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,775 60,970

CURRENT ASSETS
Stocks 57,239 551,061
Debtors 630,928 204,639
Cash at bank 86,149 2,847
774,316 758,547
CREDITORS
Amounts falling due within one year 727,630 665,439
NET CURRENT ASSETS 46,686 93,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,461

154,078

CREDITORS
Amounts falling due after more than one
year

(77,258

)

(97,946

)

PROVISIONS FOR LIABILITIES (1,570 ) (2,198 )
NET ASSETS 16,633 53,934

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 16,631 53,932
SHAREHOLDERS' FUNDS 16,633 53,934

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Cubenet Limited (Registered number: 04721537)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 October 2024 and were signed on its behalf by:





K R Skinner - Director


Cubenet Limited (Registered number: 04721537)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cubenet 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net amounts invoiced by the company in respect of services provided during the year excluding value added tax. Turnover is wholly attributable to the company's main activity and arises entirely in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 80,346
DEPRECIATION
At 1 April 2023 19,376
Charge for year 12,195
At 31 March 2024 31,571
NET BOOK VALUE
At 31 March 2024 48,775
At 31 March 2023 60,970