REGISTERED NUMBER: 11119456 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

QUBA CONSTRUCTION LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

J D Toogood

REGISTERED OFFICE:

Oak Suite, Rake Factory

Church Road

Smeeth

Ashford

Kent

TN25 6SA

REGISTERED NUMBER:

11119456 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews WBZ Ltd

19 North Street

Ashford

Kent

TN24 8LF

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

DIRECTOR

J D Toogood held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J D Toogood - Director

22 September 2025

TURNOVER

6,863,309

6,896,688

Cost of sales

6,595,587

5,605,239

GROSS PROFIT

267,722

1,291,449

Distribution costs

53,921

46,805

Administrative expenses

996,981

808,162

1,050,902

854,967

(783,180

)

436,482

Interest receivable and similar income

41

-

(783,139

)

436,482

Interest payable and similar expenses

-

8,395

(LOSS)/PROFIT BEFORE TAXATION

4

(783,139

)

428,087

Tax on (loss)/profit

-

106,562

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(783,139

)

321,525

FIXED ASSETS

Tangible assets

5

22,663

12,893

CURRENT ASSETS

Stocks

250,000

250,000

Debtors

6

1,010,051

1,244,528

Cash at bank

36,053

66,779

1,296,104

1,561,307

CREDITORS

Amounts falling due within one year

7

1,615,684

1,110,052

NET CURRENT (LIABILITIES)/ASSETS

(319,580

)

451,255

TOTAL ASSETS LESS CURRENT LIABILITIES

(296,917

)

464,148

CREDITORS

Amounts falling due after more than one year

8

76,833

39,724

NET (LIABILITIES)/ASSETS

(373,750

)

424,424

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(373,950

)

424,224

(373,750

)

424,424

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

J D Toogood - Director

1.	STATUTORY INFORMATION

Quba Construction 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.

Tangible fixed assets

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

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 9 (2023 - 7 ) .

4.	(LOSS)/PROFIT BEFORE TAXATION

The loss (2023 - profit) is stated after charging:

31.12.24

31.12.23

£

£

Depreciation - owned assets

9,255

5,078

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

-

16,731

8,045

24,776

Additions

13,000

3,039

2,986

19,025

At 31 December 2024

13,000

19,770

11,031

43,801

DEPRECIATION

At 1 January 2024

-

7,233

4,650

11,883

Charge for year

3,250

3,134

2,871

9,255

At 31 December 2024

3,250

10,367

7,521

21,138

NET BOOK VALUE

At 31 December 2024

9,750

9,403

3,510

22,663

At 31 December 2023

-

9,498

3,395

12,893

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

446,732

928,831

Other debtors

563,319

315,697

1,010,051

1,244,528

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,254,761

958,524

Taxation and social security

243,979

151,076

Other creditors

116,944

452

1,615,684

1,110,052

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

76,833

39,724