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Registered number: 14900379
KUBIK2 LTD
Unaudited Financial Statements
For the Period 29 May 2024 to 31 May 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report of the Accountant to the director of KUBIK2 LTD
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ZA Limited
20/05/2025
Page 1
Page 2
Balance Sheet
Registered number: 14900379
31 May 2024 28 May 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,781 22,781
22,781 22,781
CURRENT ASSETS
Cash at bank and in hand 200,543 200,543
200,543 200,543
Creditors: Amounts Falling Due Within One Year 5 (193,368 ) (193,368 )
NET CURRENT ASSETS (LIABILITIES) 7,175 7,175
TOTAL ASSETS LESS CURRENT LIABILITIES 29,956 29,956
NET ASSETS 29,956 29,956
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 29,955 29,955
SHAREHOLDERS' FUNDS 29,956 29,956
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mazin Ahmad
Director
20/05/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 29 May 2023 1 - 1
Profit for the year and total comprehensive income - 29,955 29,955
As at 28 May 2024 and 29 May 2024 1 29,955 29,956
As at 31 May 2024 1 29,955 29,956
Page 3
Page 4
Notes to the Financial Statements
1. General Information
KUBIK2 LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14900379 . The registered office is Coombe End Cottage, Warren Road, Kingston upon Thames, KT2 7HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 29 May 2024 26,801
As at 31 May 2024 26,801
Depreciation
As at 29 May 2024 4,020
As at 31 May 2024 4,020
Net Book Value
As at 31 May 2024 22,781
As at 29 May 2024 22,781
5. Creditors: Amounts Falling Due Within One Year
31 May 2024 28 May 2024
£ £
Trade creditors 189,883 189,883
Other creditors 1,500 1,500
Taxation and social security 1,985 1,985
193,368 193,368
6. Share Capital
31 May 2024 28 May 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5