1 March 2024 false No description of principal activity Taxfiler 2024.6 NI606079business:PrivateLimitedCompanyLtd2024-03-012025-02-28 NI6060792024-02-29 NI6060792024-03-012025-02-28 NI606079business:AuditExemptWithAccountantsReport2024-03-012025-02-28 NI606079business:FilletedAccounts2024-03-012025-02-28 NI6060792025-02-28 NI606079business:Director12024-03-012025-02-28 NI606079business:CompanySecretary12024-03-012025-02-28 NI606079business:RegisteredOffice2024-03-012025-02-28 NI6060792024-02-29 NI606079core:WithinOneYear2025-02-28 NI606079core:WithinOneYear2024-02-29 NI606079core:AfterOneYear2025-02-28 NI606079core:AfterOneYear2024-02-29 NI606079core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 NI606079core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 NI606079core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 NI606079core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 NI606079core:PreviouslyStatedAmount2025-02-28 NI606079core:PreviouslyStatedAmount2024-02-29 NI606079business:SmallEntities2024-03-012025-02-28 NI606079countries:NorthernIreland2024-03-012025-02-28 NI606079core:FurnitureFittings2024-03-012025-02-28 NI606079core:LandBuildings2024-02-29 NI606079core:FurnitureFittings2024-02-29 NI606079core:LandBuildings2024-03-012025-02-28 NI606079core:LandBuildings2025-02-28 NI606079core:FurnitureFittings2025-02-28 NI6060792023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. NI606079 (Northern Ireland)
Cube (N.I.) Limited Unaudited accounts for the year ended 28 February 2025
Cube (N.I.) Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Cube (N.I.) Limited Company Information for the year ended 28 February 2025
Director
Declan McGonigle
Secretary
Declan McGonigle
Company Number
NI606079 (Northern Ireland)
Registered Office
1 - 5 Royal Avenue Belfast Antrim BT1 1FB N. Ireland
Accountants
MacNeary Rasdale & Co. Ltd Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW
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Accountants' report to the Board of Directors on the unaudited financial statements of Cube (N.I.) Limited for the year ended 28 February 2025
In accordance with our engagement letter dated 1 October 2025, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 28 February 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
MacNeary Rasdale & Co. Ltd Chartered Accountants Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW 31 October 2025
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Cube (N.I.) Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
370,973 
352,255 
Current assets
Inventories
12,995 
11,819 
Cash at bank and in hand
248,129 
153,646 
261,124 
165,465 
Creditors: amounts falling due within one year
5
(382,471)
(382,104)
Net current liabilities
(121,347)
(216,639)
Total assets less current liabilities
249,626 
135,616 
Creditors: amounts falling due after more than one year
6
(31,539)
(37,308)
Net assets
218,087 
98,308 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
217,987 
98,208 
Shareholders' funds
218,087 
98,308 
For the year ending 28 February 2025 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 31 October 2025 and were signed on its behalf by
Declan McGonigle Director Company Registration No. NI606079
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Cube (N.I.) Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Cube (N.I.) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI606079. The registered office is 1 - 5 Royal Avenue, Belfast, Antrim, BT1 1FB, N. Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
10% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Cube (N.I.) Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
274,207 
212,671 
486,878 
Additions
- 
29,470 
29,470 
At 28 February 2025
274,207 
242,141 
516,348 
Depreciation
At 1 March 2024
- 
134,623 
134,623 
Charge for the year
- 
10,752 
10,752 
At 28 February 2025
- 
145,375 
145,375 
Net book value
At 28 February 2025
274,207 
96,766 
370,973 
At 29 February 2024
274,207 
78,048 
352,255 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
9,344 
6,033 
Trade creditors
18,795 
4,164 
Taxes and social security
40,494 
21,527 
Other creditors
50,000 
80,000 
Loans from directors
37,796 
59,792 
Accruals
226,042 
210,588 
382,471 
382,104 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
31,539 
37,308 
7
Average number of employees
During the year the average number of employees was 15 (2024: 15).
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