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Company Registration No. 11853530 (England and Wales)
CUBELYNX LIMITED Unaudited accounts for the year ended 29 February 2024
CUBELYNX LIMITED Unaudited accounts Contents
Page
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CUBELYNX LIMITED Company Information for the year ended 29 February 2024
Director
M Gondhea
Company Number
11853530 (England and Wales)
Registered Office
38 YORK ROAD NORTHWOOD HA6 1JL UNITED KINGDOM
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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CUBELYNX LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,484 
2,068 
Current assets
Debtors
262,688 
95,154 
Cash at bank and in hand
116,850 
273,843 
379,538 
368,997 
Creditors: amounts falling due within one year
(69,101)
(53,561)
Net current assets
310,437 
315,436 
Total assets less current liabilities
313,921 
317,504 
Creditors: amounts falling due after more than one year
(11,887)
(20,138)
Net assets
302,034 
297,366 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
301,934 
297,266 
Shareholders' funds
302,034 
297,366 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
M Gondhea Director Company Registration No. 11853530
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CUBELYNX LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
CUBELYNX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11853530. The registered office is 38 YORK ROAD, NORTHWOOD, HA6 1JL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing balance - 33.33%
Computer equipment
Reducing balance - 33.33%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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CUBELYNX LIMITED Notes to the Accounts for the year ended 29 February 2024
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost. Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Cash
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 current liabilities.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
4,721 
Additions
2,467 
At 29 February 2024
7,188 
Depreciation
At 1 March 2023
2,653 
Charge for the year
1,051 
At 29 February 2024
3,704 
Net book value
At 29 February 2024
3,484 
At 28 February 2023
2,068 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
25,878 
Trade debtors
245,445 
60,000 
Accrued income and prepayments
17,243 
4,876 
Other debtors
- 
4,400 
262,688 
95,154 
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CUBELYNX LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,950 
8,950 
VAT
4,721 
- 
Taxes and social security
53,941 
42,273 
Other creditors
918 
595 
Loans from directors
71 
1,243 
Accruals
500 
500 
69,101 
53,561 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,887 
20,138 
8
Average number of employees
During the year the average number of employees was 7 (2023: 8).
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