IRIS Accounts Production v24.3.0.553 04852797 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary A shares 1.00000 Ordinary B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048527972023-03-31048527972024-03-31048527972023-04-012024-03-31048527972022-03-31048527972022-04-012023-03-31048527972023-03-3104852797ns15:EnglandWales2023-04-012024-03-3104852797ns14:PoundSterling2023-04-012024-03-3104852797ns10:Director12023-04-012024-03-3104852797ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104852797ns10:SmallEntities2023-04-012024-03-3104852797ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3104852797ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104852797ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104852797ns10:FullAccounts2023-04-012024-03-310485279712023-04-012024-03-3104852797ns10:OrdinaryShareClass12023-04-012024-03-3104852797ns10:OrdinaryShareClass22023-04-012024-03-3104852797ns10:Director22023-04-012024-03-3104852797ns10:CompanySecretary12023-04-012024-03-3104852797ns10:RegisteredOffice2023-04-012024-03-3104852797ns5:CurrentFinancialInstruments2024-03-3104852797ns5:CurrentFinancialInstruments2023-03-3104852797ns5:Non-currentFinancialInstruments2024-03-3104852797ns5:Non-currentFinancialInstruments2023-03-3104852797ns5:ShareCapital2024-03-3104852797ns5:ShareCapital2023-03-3104852797ns5:RetainedEarningsAccumulatedLosses2024-03-3104852797ns5:RetainedEarningsAccumulatedLosses2023-03-3104852797ns5:NetGoodwill2023-04-012024-03-3104852797ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104852797ns5:FurnitureFittings2023-04-012024-03-3104852797ns5:ComputerEquipment2023-04-012024-03-3104852797ns5:NetGoodwill2023-03-3104852797ns5:NetGoodwill2024-03-3104852797ns5:NetGoodwill2023-03-3104852797ns5:FurnitureFittings2023-03-3104852797ns5:MotorVehicles2023-03-3104852797ns5:ComputerEquipment2023-03-3104852797ns5:MotorVehicles2023-04-012024-03-3104852797ns5:FurnitureFittings2024-03-3104852797ns5:MotorVehicles2024-03-3104852797ns5:ComputerEquipment2024-03-3104852797ns5:FurnitureFittings2023-03-3104852797ns5:MotorVehicles2023-03-3104852797ns5:ComputerEquipment2023-03-3104852797ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104852797ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104852797ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104852797ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104852797ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104852797ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104852797ns5:WithinOneYear2024-03-3104852797ns5:WithinOneYear2023-03-3104852797ns5:BetweenOneFiveYears2024-03-3104852797ns5:BetweenOneFiveYears2023-03-3104852797ns5:AllPeriods2024-03-3104852797ns5:AllPeriods2023-03-3104852797ns5:Secured2024-03-3104852797ns5:Secured2023-03-3104852797ns10:OrdinaryShareClass12024-03-3104852797ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 04852797 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cubex Contracts Limited

Cubex Contracts Limited (Registered number: 04852797)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Cubex Contracts Limited

Company Information
for the Year Ended 31 March 2024







Directors: A J Mackenzie
Mrs F A Mackenzie





Secretary: A J Mackenzie





Registered office: Blotts Barns
Brooks Road
Raunds
Wellingborough
Northamptonshire
NN9 6NS





Registered number: 04852797 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cubex Contracts Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cubex Contracts Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cubex Contracts Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Cubex Contracts Limited and state those matters that we have agreed to state to the Board of Directors of Cubex Contracts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cubex Contracts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cubex Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cubex Contracts Limited. You consider that Cubex Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cubex Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


26 November 2024

Cubex Contracts Limited (Registered number: 04852797)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 - -
Tangible assets 6 28,074 26,373
28,074 26,373

Current assets
Debtors 7 56,212 195,863
Cash at bank 68,269 254,118
124,481 449,981
Creditors
Amounts falling due within one year 8 99,698 342,927
Net current assets 24,783 107,054
Total assets less current liabilities 52,857 133,427

Creditors
Amounts falling due after more than one
year

9

(12,439

)

(22,389

)

Provisions for liabilities (3,425 ) (1,957 )
Net assets 36,993 109,081

Capital and reserves
Called up share capital 12 100 100
Retained earnings 36,893 108,981
Shareholders' funds 36,993 109,081

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.

Cubex Contracts Limited (Registered number: 04852797)

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.

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 26 November 2024 and were signed on its behalf by:





A J Mackenzie - Director


Cubex Contracts Limited (Registered number: 04852797)

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


1. Statutory information

Cubex Contracts 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on a straight line basis
Computer equipment - 33% on a straight line basis

Taxation
Taxation for the year 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 statement of financial position date.


Cubex Contracts Limited (Registered number: 04852797)

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


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. Employees and directors

The average number of employees during the year was 6 (2023 - 8 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 25,000
Amortisation
At 1 April 2023
and 31 March 2024 25,000
Net book value
At 31 March 2024 -
At 31 March 2023 -

Cubex Contracts Limited (Registered number: 04852797)

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


6. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 72,086 - 43,411 115,497
Additions - 15,000 1,579 16,579
At 31 March 2024 72,086 15,000 44,990 132,076
Depreciation
At 1 April 2023 47,865 - 41,259 89,124
Charge for year 9,083 3,750 2,045 14,878
At 31 March 2024 56,948 3,750 43,304 104,002
Net book value
At 31 March 2024 15,138 11,250 1,686 28,074
At 31 March 2023 24,221 - 2,152 26,373

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 36,296 192,573
Directors' loan accounts 19,067 -
Prepayments and accrued income 849 3,290
56,212 195,863

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,352 79,080
Corporation tax 5,973 13,784
Social security and other taxes 4,438 12,783
VAT 18,707 52,972
Other creditors 1,978 2,614
Directors' loan accounts - 2,773
Accruals and deferred income 36,250 168,921
99,698 342,927

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,439 12,389
12,439 22,389

Cubex Contracts Limited (Registered number: 04852797)

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


10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,136 13,612
Between one and five years 5,653 16,654
14,789 30,266

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,439 32,389

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A shares £1 80 80
20 Ordinary B shares £1 20 20
100 100