Kube Kitchens Upminster Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 8257903

Kube Kitchens Upminster Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 December 2024

Kube Kitchens Upminster Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed Assets

Tangible assets	5		10,278	15,922

Current Assets

Stocks		10,325	3,187
Debtors	6	13,130	3,973
Cash at bank and in hand		147,193	204,535
		----------	----------
		170,648	211,695

Creditors: amounts falling due within one year	7	113,918		197,006
		----------		----------
Net Current Assets			56,730	14,689
			---------	---------
Total Assets Less Current Liabilities			67,008	30,611
			---------	---------
Net Assets			67,008	30,611
			---------	---------

Kube Kitchens Upminster Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and Reserves

Called up share capital	600	600
Profit and loss account	66,408	30,011
	---------	---------
Shareholders Funds	67,008	30,611
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr. I. McNally
Director

Company registration number: 8257903

Kube Kitchens Upminster Limited

Notes to the Financial Statements

Year Ended 31st December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, CO1 1QT, Essex.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Equipment	-	25% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible Assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1st January 2024	93,256	18,320	111,576
Disposals	( 349)	–	( 349)
	---------	---------	----------
At 31st December 2024	92,907	18,320	111,227
	---------	---------	----------
Depreciation
At 1st January 2024	77,602	18,052	95,654
Charge for the year	5,376	268	5,644
Disposals	( 349)	–	( 349)
	---------	---------	----------
At 31st December 2024	82,629	18,320	100,949
	---------	---------	----------
Carrying amount
At 31st December 2024	10,278	–	10,278
	---------	---------	----------
At 31st December 2023	15,654	268	15,922
	---------	---------	----------

6. Debtors

	2024	2023
	£	£
Trade debtors	1	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8,803	–
Other debtors	4,326	3,973
	---------	-------
	13,130	3,973
	---------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	61,753	92,220
Amounts owed to group undertakings and undertakings in which the company has a participating interest	16,579	87,132
Corporation tax	4,287	–
Social security and other taxes	23,751	10,602
Other creditors	7,548	7,052
	----------	----------
	113,918	197,006
	----------	----------