REGISTERED NUMBER: 12418019 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Qube.Direct Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L Manson

REGISTERED OFFICE:

Qube.Direct

Melbury Business Park

SHAFTESBURY

Dorset

SP7 0AF

REGISTERED NUMBER:

12418019 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

CURRENT ASSETS

Debtors

4

2,944,667

2,862,500

Cash at bank

118,320

203,678

3,062,987

3,066,178

CREDITORS

Amounts falling due within one year

5

(3,944,157

)

(3,488,508

)

NET CURRENT LIABILITIES

(881,170

)

(422,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(881,170

)

(422,330

)

CREDITORS

Amounts falling due after more than one year

6

(97,816

)

(224,197

)

NET LIABILITIES

(978,986

)

(646,527

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(979,086

)

(646,627

)

SHAREHOLDERS' FUNDS

(978,986

)

(646,527

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

L Manson - Director

1.	STATUTORY INFORMATION

Qube.Direct 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.

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 account.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However the validity of the going concern basis is dependent upon the support of the creditors and the director. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities..

Turnover

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

Income recognition

Income is recognised when the conditions contained within a contract for services have been met.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the leases.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - NIL ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

286,968

375,679

Amounts owed by associates

292,809

367,289

Other debtors

58,990

57,817

Directors' current accounts

22,662

21,710

VAT

-

2,950

Prepayments and accrued income

2,283,238

2,037,055

2,944,667

2,862,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

487,036

377,027

Trade creditors

135,015

107,963

Amounts owed to associates

-

8,950

Taxation and social security

35,802

3,504

Other creditors

1,516

-

Accruals and deferred income

3,274,788

2,981,064

3,944,157

3,488,508

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

7,884

20,923

Other loans - 1-2 years

89,932

113,341

Other loans - 2-5 years

-

89,933

97,816

224,197

The company has two loans.

The bank loan of £50,000 is repayable over 6 years at a margin of 2.5% per annum. The loan is due to mature on 01 November 2026.

A further loan of £525,000 is repayable over 4.5 years at a margin of 6.5% per annum. The loan is due to mature on 19 October 2026.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

L Manson

Balance outstanding at start of year

21,710

11,327

Amounts advanced

952

10,383

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,662

21,710

The director's loan account was repaid in full on 27 October 2025.