Company No: 12407198 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Andrew Michael O'Rourke
	Andrew Robert Prior
	Cillian Martin Ryan

REGISTERED OFFICE	1 Fore Street Avenue
	C/O Praxis
	London
	EC2Y 9DT
	United Kingdom

COMPANY NUMBER

12407198 (England and Wales)

ACCOUNTANT	Praxis
	1 Fore Street Avenue
	London
	EC2Y 9DT
	United Kingdom

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	5	10,087		9,058
		10,087		9,058
Current assets
Debtors	6	381,731		339,934
Cash at bank and in hand		244,793		136,240
		626,524		476,174
Creditors: amounts falling due within one year	7	( 160,424)		( 105,233)
Net current assets		466,100		370,941
Total assets less current liabilities		476,187		379,999
Net assets		476,187		379,999
Capital and reserves
Called-up share capital	9	99		99
Profit and loss account		476,088		379,900
Total shareholders' funds		476,187		379,999

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cube Consulting Engineers Ltd (registered number: 12407198) were approved and authorised for issue by the Board of Directors on 09 October 2025. They were signed on its behalf by:

Andrew Michael O'Rourke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cube Consulting Engineers Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Fore Street Avenue, C/O Praxis, London, EC2Y 9DT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

The comparative numbers for the year ended 31 January 2024 have been restated to correctly reflect the dividends declared during the year and the Bank balance as at year-end.

		As previously reported		Adjustment		As restated
Year ended 31 January 2024		£		£		£
Other creditors		(27,857)		25,286		(2,571)
Bank balance		135,950		290		136,240
Taxation and social security		(102,455)		(15)		(102,470)
Retained earnings		(354,339)		(25,561)		(379,900)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		2

4. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 January 2025	154,552		124,094

5. Tangible assets

	Plant and machinery		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 February 2024	4,380		16,565		1,296		22,241
Additions	2,236		1,888		147		4,271
Disposals	( 179)		0		0		( 179)
At 31 January 2025	6,437		18,453		1,443		26,333
Accumulated depreciation
At 01 February 2024	1,159		11,880		144		13,183
Charge for the financial year	1,234		1,510		319		3,063
At 31 January 2025	2,393		13,390		463		16,246
Net book value
At 31 January 2025	4,044		5,063		980		10,087
At 31 January 2024	3,221		4,685		1,152		9,058

6. Debtors

	2025		2024
	£		£
Trade debtors	26,460		83,208
Other debtors	355,271		256,726
	381,731		339,934

Included in other debtors is an amount of £314,328 owed by a company of which there is a common Director (2024: £234,588). The amount owed is repayable on demand and does not bear interest.

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,908		192
Taxation and social security	131,794		102,470
Other creditors	24,722		2,571
	160,424		105,233

There are no amounts included above in respect of which any security has been given by the small entity.

Included in other creditors are amounts due to the Directors totalling £20,857 (2024: £457). The amounts owed to the directors are repayable on demand and do not bear interest.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 1,721)		0
Charged to the Statement of Income and Retained Earnings	( 800)		( 1,721)
At the end of financial year	( 2,521)		( 1,721)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
33 Ordinary A shares of £ 1.00 each	33		33
33 Ordinary B shares of £ 1.00 each	33		33
33 Ordinary C shares of £ 1.00 each	33		33
	99		99

10. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	330		330

The Company had no material capital commitments at the year ended 31 January 2025.

11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.