Registered number
04519493
Blue Cube Contracting Ltd
Unaudited Filleted Accounts
30 April 2024
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
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