Blue Cube Contracting Ltd |
Registered number: |
04519493 |
Balance Sheet |
as at 30 April 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
850,731 |
|
|
784,773 |
|
Current assets |
Work in progress |
|
|
67,196 |
|
|
28,184 |
Debtors |
4 |
|
638,914 |
|
|
795,043 |
Cash at bank and in hand |
|
|
664,177 |
|
|
143,739 |
|
|
|
1,370,287 |
|
|
966,966 |
|
Creditors: amounts falling due within one year |
5 |
|
(789,443) |
|
|
(492,358) |
|
Net current assets |
|
|
|
580,844 |
|
|
474,608 |
|
Total assets less current liabilities |
|
|
|
1,431,575 |
|
|
1,259,381 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(691,907) |
|
|
(834,680) |
|
Provisions for liabilities |
|
|
|
(4,494) |
|
|
(3,644) |
|
Net assets |
|
|
|
735,174 |
|
|
421,057 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Revaluation reserve |
8 |
|
|
140,617 |
|
|
140,617 |
Profit and loss account |
|
|
|
594,555 |
|
|
280,438 |
|
Shareholders' funds |
|
|
|
735,174 |
|
|
421,057 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
J.Sullivan |
Director |
Approved by the board on 21 October 2024 |
|
Blue Cube Contracting Ltd |
Notes to the Accounts |
for the year ended 30 April 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnove is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. |
|
|
Work in Progress |
|
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax arising on the revaluation of land and buildings has been calculated using the tax rate that applies to the sale of those assets. |
|
|
|
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
10 |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2023 |
759,395 |
|
7,551 |
|
77,000 |
|
843,946 |
|
Additions |
- |
|
- |
|
86,752 |
|
86,752 |
|
Disposals |
- |
|
- |
|
(32,000) |
|
(32,000) |
|
At 30 April 2024 |
759,395 |
|
7,551 |
|
131,752 |
|
898,698 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2023 |
- |
|
2,873 |
|
56,300 |
|
59,173 |
|
Charge for the year |
- |
|
756 |
|
11,471 |
|
12,227 |
|
On disposals |
- |
|
- |
|
(23,433) |
|
(23,433) |
|
At 30 April 2024 |
- |
|
3,629 |
|
44,338 |
|
47,967 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2024 |
759,395 |
|
3,922 |
|
87,414 |
|
850,731 |
|
At 30 April 2023 |
759,395 |
|
4,678 |
|
20,700 |
|
784,773 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
£ |
£ |
|
Historical cost |
615,134 |
|
615,134 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
615,134 |
|
615,134 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
Trade debtors |
638,914 |
|
795,043 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
Bank loans and overdrafts |
35,000 |
|
35,000 |
|
Obligations under finance lease and hire purchase contracts |
11,357 |
|
- |
|
Trade creditors |
476,948 |
|
311,019 |
|
Taxation and social security costs |
256,100 |
|
142,589 |
|
Other creditors |
10,038 |
|
3,750 |
|
|
|
|
|
|
789,443 |
|
492,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
Bank loans |
160,783 |
|
197,442 |
|
Other creditors |
531,124 |
|
637,238 |
|
|
|
|
|
|
691,907 |
|
834,680 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
195,783 |
|
232,442 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by a fixed and floating charge on the assets of the company. |
|
|
8 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 May 2023 |
140,617 |
|
140,617 |
|
|
At 30 April 2024 |
140,617 |
|
140,617 |
|
|
|
|
|
|
|
|
|
|
9 |
Other information |
|
|
Blue Cube Contracting Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 13 Maple Park |
|
Essex Road |
|
Hoddesdon |
|
Herts |
|
EN11 0EX |