Cube FM Limited Accounts






Cube FM Limited

	Company No. 12526495
		Information for Filing with The Registrar
		30 April 2025

The Directors present their report and the accounts for the year ended 30 April 2025.

Principal activities
The principal activity of the company during the year under review was providing maintenance services.




Directors

The Directors who served at any time during the year were as follows:

Gareth Kerry
Mark Oakes
Michael Wagstaff







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Michael Wagstaff
Director
14 January 2026

at	30 April 2025
Company No.		12526495	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		4	52,330	61,990
	Tangible assets		5	36,937	33,495


				89,267	95,485
Current assets
	Stocks		6	-	1,200
	Debtors		7	333,106	268,796

	Cash at bank and in hand			51,864	41,835
				384,970	311,831
Creditors: Amount falling due within one year			8	(397,854)	(321,678)
Net current liabilities				(12,884)	(9,847)
Total assets less current liabilities				76,383	85,638
Creditors: Amounts falling due after more than one year			9	(27,998)	(23,290)
Provisions for liabilities
	Deferred taxation			(9,250)	(8,400)

Net assets				39,135	53,948

Capital and reserves
	Called up share capital			200	200



	Profit and loss account		12	38,935	53,748

Total equity				39,135	53,948



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 14 January 2026 and signed on its behalf by:
Michael Wagstaff
Director
14 January 2026

for the year ended 30 April 2025

General information

Cube FM Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 12526495

Its registered office is:

Unit C17 Kestrel Business Ce

Colwick Industrial Estate

Nottingham

NG4 2JR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis. The directors are not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.

Accounting policies

Turnover

Turnover represents the fair value of the consideration receivable in respect of services provided during the year. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

20% Straight line

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

20% Straight line

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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.

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

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:

(a) The contractual rights to the cash flows from the asset expire or are settled;

(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or

(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

Exemption from disclosure of related party transactions

The company has taken advantage of the exemption within the paragraph 33 of FRS102 and on the basis of that exemption transactions with companies in the same wholly owned group of companies have not been disclosed.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	17	14

4	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 May 2024	96,608	96,608


		At 30 April 2025	96,608	96,608
		Amortisation and impairment
		At 1 May 2024	34,618	34,618
		Charge for the year	9,660	9,660


		At 30 April 2025	44,278	44,278
		Net book values
		At 30 April 2025	52,330	52,330
		At 30 April 2024	61,990	61,990

		Goodwill

5	Tangible fixed assets
			Land and buildings	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 May 2024	3,652	34,475	13,389	51,516
		Additions	-	12,995	2,492	15,487



		At 30 April 2025	3,652	47,470	15,881	67,003
		Depreciation
		At 1 May 2024	2,617	9,566	5,838	18,021
		Charge for the year	732	8,388	2,925	12,045



		At 30 April 2025	3,349	17,954	8,763	30,066
		Net book values
		At 30 April 2025	303	29,516	7,118	36,937
		At 30 April 2024	1,035	24,909	7,551	33,495

6	Stocks
			2025	2024
			£	£
		Raw materials and consumables	-	1,200


			-	1,200

7	Debtors
			2025	2024
			£	£
		Trade debtors	276,462	217,055
		Amounts owed by group undertakings	250	250



		Loans to directors	39,826	39,826
		Other debtors	7,120	3,485
		Prepayments and accrued income	9,448	8,180
			333,106	268,796

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£


		Other loans	120,741	102,996
		Obligations under finance lease and hire purchase contracts	10,681	7,197
		Trade creditors	139,204	94,855

		Taxes and social security	118,470	109,727

		Other creditors	4,255	2,120
		Accruals and deferred income	4,503	4,783
			397,854	321,678

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£



		Obligations under finance lease and hire purchase contracts	27,998	23,290




			27,998	23,290

10	Creditors: secured liabilities
			2025	2024
			£	£
		The aggregate amount of secured liabilities included within creditors	159,419	126,286

		The factoring loan is secured by a fixed and floating charge over the book debts of the company and over its other assets

Share Capital

Share Capital consists of 200 Ordinary Shares of £1 each, which are all fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

13	Related party transactions
	The company rents premises from the pension scheme of the director, M Wagstaff.
	A rental of £5,500 (2024 £5,500) was payable for the year.

	During the year loans to the directors subsisted as follows:

		2025	2024
		£	£
	M Wagstaff	20,826	20,826
	M Oakes	9,500	9,500
	G Kerry	9,500	9,500


	The balances are free of interest, unsecured and are repayable upon demand.

Controlling party

The company is a subsidiary undertaking of CFM Developments Limited, a company registered in England and Wales.

CFM Developments Limited is therefore the immediate controlling party.

There is no individual controlling party.

The address of CFM Developments Limited is as shown on page 1.

The ultimate controlling party is the board of directors of CFM Developments Limited.

15	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	101,000	69,500

			101,000	69,500

		Dividends by type:

		Equity dividends	101,000	69,500
			101,000	69,500