IRIS Accounts Production v25.1.0.734 10919560 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109195602023-08-31109195602024-08-31109195602023-09-012024-08-31109195602022-08-31109195602022-09-012023-08-31109195602023-08-3110919560ns15:EnglandWales2023-09-012024-08-3110919560ns14:PoundSterling2023-09-012024-08-3110919560ns10:Director12023-09-012024-08-3110919560ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110919560ns10:SmallEntities2023-09-012024-08-3110919560ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110919560ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110919560ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110919560ns10:AbridgedAccounts2023-09-012024-08-311091956012023-09-012024-08-3110919560ns10:RegisteredOffice2023-09-012024-08-3110919560ns5:CurrentFinancialInstruments2024-08-3110919560ns5:CurrentFinancialInstruments2023-08-3110919560ns5:ShareCapital2024-08-3110919560ns5:ShareCapital2023-08-3110919560ns5:RetainedEarningsAccumulatedLosses2024-08-3110919560ns5:RetainedEarningsAccumulatedLosses2023-08-3110919560ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-31
REGISTERED NUMBER: 10919560 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CUBEPLUG LTD

CUBEPLUG LTD (REGISTERED NUMBER: 10919560)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


CUBEPLUG LTD

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTOR: H Du





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 10919560 (England and Wales)

CUBEPLUG LTD (REGISTERED NUMBER: 10919560)

ABRIDGED BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,738 2,928
Tangible assets 5 376 2,539
2,114 5,467

CURRENT ASSETS
Stocks 15,898 20,087
Debtors 44,022 45,961
Cash at bank 1,585 1,386
61,505 67,434
CREDITORS
Amounts falling due within one year 27,549 83,908
NET CURRENT ASSETS/(LIABILITIES) 33,956 (16,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,070

(11,007

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,068 (11,009 )
SHAREHOLDERS' FUNDS 36,070 (11,007 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 26 March 2025 and were signed by:





H Du - Director


CUBEPLUG LTD (REGISTERED NUMBER: 10919560)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

CubePlug Ltd 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.

Turnover
Turnover represents sales of smart connected home devices, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment-33.33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current and deferred tax assets and liabilities are not discounted and are 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.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

CUBEPLUG LTD (REGISTERED NUMBER: 10919560)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 7,658
AMORTISATION
At 1 September 2023 4,730
Amortisation for year 1,190
At 31 August 2024 5,920
NET BOOK VALUE

At 31 August 2024 1,738
At 31 August 2023 2,928

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 9,235
DEPRECIATION
At 1 September 2023 6,696
Charge for year 2,163
At 31 August 2024 8,859
NET BOOK VALUE
At 31 August 2024 376
At 31 August 2023 2,539

6. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the amounts due from group companies amounted to £27,455, this amount is included in 'Amounts owed from group undertakings'.

At the balance sheet date, the amounts due to group companies amounted to £1,364, this amount is included in 'Amounts owed to group undertakings'.