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REGISTERED NUMBER: 04031797 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Cubic Interactive Limited

Cubic Interactive Limited (Registered number: 04031797)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cubic Interactive Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Logiudice
B Edwards
D Hartop





SECRETARY: N Edwards





REGISTERED OFFICE: Ashbourne House
2 South Park Road
Harrogate
North Yorkshire
HG1 5QU





REGISTERED NUMBER: 04031797 (England and Wales)

Cubic Interactive Limited (Registered number: 04031797)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 342,675 -
Tangible assets 5 32,500 31,109
375,175 31,109

CURRENT ASSETS
Debtors 6 404,558 570,831
Cash at bank 75,305 348
479,863 571,179
CREDITORS
Amounts falling due within one year 7 (350,976 ) (462,110 )
NET CURRENT ASSETS 128,887 109,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,062

140,178

CREDITORS
Amounts falling due after more than one year 8 (247,107 ) (50,170 )
NET ASSETS 256,955 90,008

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 256,952 90,005
SHAREHOLDERS' FUNDS 256,955 90,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cubic Interactive Limited (Registered number: 04031797)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





D Logiudice - Director


Cubic Interactive Limited (Registered number: 04031797)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Cubic Interactive 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.

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

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.

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

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

Fixture and fittings25% reducing balance
Computer equipment25% reducing balance

TAXATION
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet.

RESEARCH AND DEVELOPMENT
Development expenditure is written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit, this period being three years. Provision is made for any impairment.

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 51 (2023 - 34 ) .

Cubic Interactive Limited (Registered number: 04031797)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 514,013
At 31 May 2024 514,013
AMORTISATION
Charge for year 171,338
At 31 May 2024 171,338
NET BOOK VALUE
At 31 May 2024 342,675

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 30,780 93,519 124,299
Additions 1,170 10,439 11,609
At 31 May 2024 31,950 103,958 135,908
DEPRECIATION
At 1 June 2023 24,911 68,279 93,190
Charge for year 1,720 8,498 10,218
At 31 May 2024 26,631 76,777 103,408
NET BOOK VALUE
At 31 May 2024 5,319 27,181 32,500
At 31 May 2023 5,869 25,240 31,109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 322,858 391,898
Rent deposit 2,125 2,125
Sundry debtor 79,575 50,060
R&D tax credit claim - 126,748
404,558 570,831

Cubic Interactive Limited (Registered number: 04031797)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 119,003 100,094
Trade creditors 58,243 46,146
Social security and other taxes 55,864 85,766
Pension control account 16,418 16,602
VAT 70,317 176,873
Credit cards 22,132 21,995
Sundry creditor - 215
Directors' current accounts 4,209 6,229
Accrued expenses 4,790 8,190
350,976 462,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Funding Circle 237,107 30,170
Government loan 10,000 20,000
247,107 50,170

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary shares £1 3 3