REGISTERED NUMBER: 07069190 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FIVEQUBE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Mahmood

M Ikhlaq

M A Issat

Mrs S Jan

S U Rehman

Mrs R Ikhlaq

SECRETARY:

Mrs S Jan

REGISTERED OFFICE:

175 Otley Road

Bradford

West Yorkshire

BD3 0HX

REGISTERED NUMBER:

07069190 (England and Wales)

ACCOUNTANTS:

Ashcrofts Accountants Limited

2 Cedargrove

Hagley

Stourbridge

West Midlands

DY9 0DR

FIXED ASSETS

Intangible assets

4

443,316

500,681

Tangible assets

5

133,005

149,822

576,321

650,503

CURRENT ASSETS

Stocks

6

95,970

110,666

Debtors

7

320,655

294,635

Cash at bank and in hand

141,521

94,952

558,146

500,253

CREDITORS

Amounts falling due within one year

8

(982,694

)

(615,930

)

NET CURRENT LIABILITIES

(424,548

)

(115,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

151,773

534,826

CREDITORS

Amounts falling due after more than one year

9

-

(357,553

)

PROVISIONS FOR LIABILITIES

13

(9,821

)

(12,320

)

NET ASSETS

141,952

164,953

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14

141,852

164,853

SHAREHOLDERS' FUNDS

141,952

164,953

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

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

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 10 September 2025 and were signed on its behalf by:

A Mahmood - Director

M Ikhlaq - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Fixtures, fittings & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 17 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

932,481

AMORTISATION

At 1 January 2024

431,800

Amortisation for year

57,365

At 31 December 2024

489,165

NET BOOK VALUE

At 31 December 2024

443,316

At 31 December 2023

500,681

5.	TANGIBLE FIXED ASSETS

Fixtures,

Short

fittings

Motor

leasehold

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

100,000

155,897

7,977

263,874

DEPRECIATION

At 1 January 2024

20,464

85,858

7,730

114,052

Charge for year

6,250

10,506

61

16,817

At 31 December 2024

26,714

96,364

7,791

130,869

NET BOOK VALUE

At 31 December 2024

73,286

59,533

186

133,005

At 31 December 2023

79,536

70,039

247

149,822

6.

STOCKS

2024

2023

£

£

Stocks

95,970

110,666

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

212,513

184,022

Other debtors

35,936

35,936

VAT

56,958

63,716

Prepayments and accrued income

15,248

10,961

320,655

294,635

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

-

30,318

Trade creditors

294,047

334,103

Corporation tax

14,900

4,204

Social security and other taxes

5,561

1,323

Other creditors

145,983

135,484

Directors' loan accounts

519,292

107,473

Accruals and deferred income

2,911

3,025

982,694

615,930

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

-

357,553

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

230,301

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

5

Bank loans

-

30,313

-

30,318

2024

2023

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

30,913

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

96,339

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

230,301

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Between one and five years

4,810

-

In more than five years

60,644

48,577

65,454

48,577

12.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

-

5

Bank loans

-

387,866

-

387,871

13.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

9,821

12,320

Deferred

tax

£

Balance at 1 January 2024

12,320

Credited during the year

(2,499

)

Balance at 31 December 2024

9,821

14.

RESERVES

Retained

earnings

£

At 1 January 2024

164,853

Deficit for the year

(3,635

)

Dividends

(19,366

)

At 31 December 2024

141,852

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2024, there was a loan from Mr A Mahmood of £191,292 (2023: £54,473). This unsecured loan is interest free and repayable on demand.

At 31 December 2024, there was a loan from Mr M Ikhlaq of £166,500 (2023: £26,500). This unsecured loan is interest free and repayable on demand.

At 31 December 2024, there was a loan from Mr M Issat of £161,500 (2023: £26,500). This unsecured loan is interest free and repayable on demand.

16.	RELATED PARTY DISCLOSURES

At 31 December 2024, there was a loan to Sterling Pharma Limited of £24,000 (2023: £24,000), a company in which Mr A Mahmood, Mr M Ikhlaq and Mr M Issat are directors. This unsecured loan is interest free and repayable on demand.

At 31 December 2024, there was a loan from Red Oak Healthcare Limited of £145,301 (2023: £129,200), a company in which Mr A Mahmood, Mr M Ikhlaq and Mr M Issat are directors. This unsecured loan is interest free and repayable on demand.

At 31 December 2024, there was a loan from Alpharma Limited of £Nil (2023: £6,000), a company in which Mr M Issat is a director. This unsecured loan is interest free and repayable on demand.