PI'CUBIC LTD

Registered number: 13248542

	2025	2024
	£	£
Fixed assets	238,865	234,897

Current assets	61,850	63,795
Creditors: Amounts Falling Due Within One Year	(178,262 )	(167,362 )

NET CURRENT LIABILITIES	(116,412 )	(103,567 )

TOTAL ASSETS LESS CURRENT LIABILITIES	122,453	131,330

Creditors: Amounts Falling Due After More Than One Year	(166,005 )	(166,005 )
Accruals and deferred income	(495 )	(495 )

NET LIABILITIES	(44,047 )	(35,170 )

CAPITAL AND RESERVES	(44,047 )	(35,170 )

Notes

1. General Information

PI'CUBIC LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13248542 . The registered office is Ashridge Cottage, Hallsannery, Bideford, EX39 5HE.

2. Average Number of Employees

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

3. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	166,005		166,005

4. Directors Advances, Credits and Guarantees

Although the liabilites of the company exceed the assets current liabilites include a loan from the director of £178,262,( 2004 £167,362). The director has given assurance that he will continue to support the company

5. Investment Property

The Financial Reporting Standards states that all assets with a finite life must be depreciated over their useful economic lives. The director is of the opinion that the residual value of invesment property will remain at least equal to the valuation shown in the financial statements due to the policy of regular repairs and renovations. On this basis no charge is made in respect of investment property.

Although the Companies Act requires all fixed assets to be depreciated, the directors consider a departure is necessary in order for the accounts to show a true and fair view. The depreciation that might otherwise have been charged is considered to be immaterial to the accounts as a whole.

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 member has 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Farouk Laabidi

Director

17/12/2025