2024-05-012025-04-302025-04-30false10712696CUBIC RETAIL 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CUBIC RETAIL LIMITED

Registered Number
10712696
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2025

CUBIC RETAIL LIMITED
Company Information
for the year from 1 May 2024 to 30 April 2025

Director

WILLIAMS, Louise

Registered Address

Suite 204a, East Wing Sterling House
Langston Road
Loughton
IG10 3TS

Registered Number

10712696 (England and Wales)
CUBIC RETAIL LIMITED
Balance Sheet as at
30 April 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets48041,006
8041,006
Current assets
Debtors5115,750126,759
Cash at bank and on hand174,571128,018
290,321254,777
Creditors amounts falling due within one year6(40,903)(40,589)
Net current assets (liabilities)249,418214,188
Total assets less current liabilities250,222215,194
Provisions for liabilities7(153)(191)
Net assets250,069215,003
Capital and reserves
Called up share capital100100
Profit and loss account249,969214,903
Shareholders' funds250,069215,003
The financial statements were approved and authorised for issue by the Director on 6 August 2025, and are signed on its behalf by:
WILLIAMS, Louise
Director
Registered Company No. 10712696
CUBIC RETAIL LIMITED
Notes to the Financial Statements
for the year ended 30 April 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment20
2.Average number of employees

20252024
Average number of employees during the year22
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 May 244,0774,077
At 30 April 254,0774,077
Depreciation and impairment
At 01 May 243,0713,071
Charge for year202202
At 30 April 253,2733,273
Net book value
At 30 April 25804804
At 30 April 241,0061,006
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables15,00026,147
Other debtors21
Prepayments and accrued income747610
Total15,74926,758
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables75428
Bank borrowings and overdrafts6,3489,536
Taxation and social security33,91829,662
Accrued liabilities and deferred income562963
Total40,90340,589
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)153191
Total153191