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REGISTERED NUMBER: 00708459 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

Cubex Limited

Cubex Limited (Registered number: 00708459)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cubex Limited

Company Information
for the Year Ended 30th November 2024







DIRECTOR: A Shulberg





SECRETARY: A Shulberg





REGISTERED OFFICE: 25 New Cavendish Street
London
W1G 8LP





REGISTERED NUMBER: 00708459 (England and Wales)





ACCOUNTANTS: Chesterton Consultancy Ltd
42 Abbotsbury Gardens
Pinner
Middlesex
HA5 1SX

Cubex Limited (Registered number: 00708459)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,423 7,649

CURRENT ASSETS
Stocks 11,848 13,670
Debtors 5 80,654 56,529
Cash at bank and in hand 186,716 240,278
279,218 310,477
CREDITORS
Amounts falling due within one year 6 187,107 198,780
NET CURRENT ASSETS 92,111 111,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,534

119,346

CREDITORS
Amounts falling due after more than one
year

7

(5,229

)

(15,524

)

PROVISIONS FOR LIABILITIES (1,631 ) (1,731 )
NET ASSETS 92,674 102,091

Cubex Limited (Registered number: 00708459)

Balance Sheet - continued
30th November 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 90,674 100,091
SHAREHOLDERS' FUNDS 92,674 102,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th February 2025 and were signed by:





A Shulberg - Director


Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Cubex 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.

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.

As there are no indications that Cubex will not continue in operational existence for at least one year from the date of approval, these accounts have been prepared on a going concern basis

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost and Straight line over 15 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 94,228
Disposals 2,306
At 30th November 2024 96,534
DEPRECIATION
At 1st December 2023 86,579
Charge for year 2,532
At 30th November 2024 89,111
NET BOOK VALUE
At 30th November 2024 7,423
At 30th November 2023 7,649

Cubex Limited (Registered number: 00708459)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,607 25,209
Other debtors 32,047 31,320
80,654 56,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,364 10,179
Trade creditors 89,871 119,851
Taxation and social security 68,852 49,226
Other creditors 18,020 19,524
187,107 198,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 5,229 15,524

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 71,479 71,511
Between one and five years 76,917 148,811
148,396 220,322