Company Registration No. 07246310 (England and Wales)
Cube Construction (Southern) Limited
Unaudited accounts
for the year ended 31 December 2024
Cube Construction (Southern) Limited
Unaudited accounts
Contents
Cube Construction (Southern) Limited
Company Information
for the year ended 31 December 2024
Company Number
07246310 (England and Wales)
Registered Office
26 Kings Parade Avenue
Bristol
BS8 2RE
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Cube Construction (Southern) Limited
for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cube Construction (Southern) Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
30 September 2025
Cube Construction (Southern) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
30,402
50,450
Inventories
842,036
1,040,943
Debtors
1,155,101
1,588,621
Cash at bank and in hand
85,690
34,821
Creditors: amounts falling due within one year
(1,278,656)
(1,747,632)
Net current assets
804,171
916,753
Total assets less current liabilities
834,573
967,203
Creditors: amounts falling due after more than one year
(117,605)
(191,089)
Net assets
716,968
776,114
Called up share capital
1,000
1,000
Profit and loss account
715,968
775,114
Shareholders' funds
716,968
776,114
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
A Spiller
Director
Company Registration No. 07246310
Cube Construction (Southern) Limited
Notes to the Accounts
for the year ended 31 December 2024
Cube Construction (Southern) Limited is a private company, limited by shares, registered in England and Wales, registration number 07246310. The registered office is 26 Kings Parade Avenue, Bristol, BS8 2RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cube Construction (Southern) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
35,878
258,271
294,149
At 31 December 2024
38,970
258,271
297,241
At 1 January 2024
30,342
213,357
243,699
Charge for the year
2,900
20,240
23,140
At 31 December 2024
33,242
233,597
266,839
At 31 December 2024
5,728
24,674
30,402
At 31 December 2023
5,536
44,914
50,450
Work in progress
842,036
1,040,943
Work in progress represents costs incurred on projects that have yet to be invoiced, and in the opinion of the directors, no sales invoices can be raised in respect of works undertaken to date.
Amounts falling due within one year
Trade debtors
251,402
356,035
Amounts due from group undertakings etc.
354,272
715,062
Accrued income and prepayments
16,488
13,405
Amounts falling due after more than one year
Accrued income and prepayments
470,293
441,433
Other debtors
62,646
62,686
Cube Construction (Southern) Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
73,484
66,453
Trade creditors
219,442
1,002,736
Amounts owed to group undertakings and other participating interests
118,443
64,189
Taxes and social security
288,761
306,296
Other creditors
88,347
88,937
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
117,605
191,089
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Transactions with related parties
At the year end the company was owed the following from group companies:
- the company was due £258,686 (2023: £273,934) from Severnview Commercial Properties Ltd
- the company was due £72,409 (2023: 78,657) from 5 & 7 Robertson Road Limited
- the company was due £23,175 (2023: -£64,189) from Spiller Commercial Holdings Ltd
At the year end the company owed the following to group companies:
- the company owed £103,443 (2023: -£362,471) to 62 High Street Ltd
- the company owed £15,000 (2023: £0) to ADC Ltd
No interest was charged on these balances and there are no fixed repayment terms.
Spiller Commercial Holdings Ltd is the parent company. Alan Spiller, who owns 100% of Spiller Commercial Holdings Ltd, is the ultimate beneficial owner.
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Average number of employees
During the year the average number of employees was 8 (2023: 10).