Cube Direct Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13834733

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,217		1,913
Tangible Assets	5		28,470		30,791

			29,687		32,704
CURRENT ASSETS
Debtors	6	150,604		126,486
Cash at bank and in hand		177,961		184,488

		328,565		310,974
Creditors: Amounts Falling Due Within One Year	7	(200,192 )		(180,682 )

NET CURRENT ASSETS (LIABILITIES)			128,373		130,292

TOTAL ASSETS LESS CURRENT LIABILITIES			158,060		162,996

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,181 )		(5,395 )

NET ASSETS			152,879		157,601

CAPITAL AND RESERVES
Called up share capital			51		100
Capital redemption reserve			51		-
Profit and Loss Account			152,777		157,501

SHAREHOLDERS' FUNDS			152,879		157,601

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Cube Direct Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Ward Director	Mrs Amanda Ward Director
11 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cube Direct Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13834733 . The registered office is Unit 1p Westpark 26, Chelston, Wellington, Somerset, TA21 9AD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over the period of the lease
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Cube Direct Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was 8 (2024: 9)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	3,479

As at 31 March 2025	3,479

Amortisation
As at 1 April 2024	1,566
Provided during the period	696

As at 31 March 2025	2,262

Net Book Value
As at 31 March 2025	1,217

As at 1 April 2024	1,913

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	14,280	10,570	9,011	10,584	44,445
Additions	-	2,200	-	935	3,135

As at 31 March 2025	14,280	12,770	9,011	11,519	47,580

Depreciation
As at 1 April 2024	2,410	4,144	3,850	3,250	13,654
Provided during the period	1,071	1,436	1,141	1,808	5,456

As at 31 March 2025	3,481	5,580	4,991	5,058	19,110

Net Book Value
As at 31 March 2025	10,799	7,190	4,020	6,461	28,470

As at 1 April 2024	11,870	6,426	5,161	7,334	30,791

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Cube Direct Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	48,106	71,374
Prepayments and accrued income	85,384	4,939
Other debtors	3,611	6,525
Payments on account	13,503	34,407
VAT	-	9,116
Directors' loan accounts	-	125

	150,604	126,486

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	67,817	111,888
Corporation tax	64,319	50,365
Other taxes and social security	1,420	3,495
VAT	529	-
Other creditors	196	-
Pension creditor	2,416	4,308
Accruals and deferred income	61,914	10,626
Directors' loan accounts	1,581	-

	200,192	180,682

8. Related Party Transactions

The directors maintained loan accounts with the company. The loans are interest free and repayable on demand. At the balance sheet date the amount due to the directors was £1,581 (2024: £(125)).

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