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Registration number: 06583808

Cubiqdesign Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Cubiqdesign Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 11

Cubiqdesign Limited

Company Information

Directors | Mr J R Treby Mrs G A Treby

Registered office | Unit 3 Goodwin Business Park Willie Snaith Road Newmarket Suffolk England CB8 7SQ

Accountants | NWG Accountants Limited 86-90 Paul Street London London EC2A 4NE

Cubiqdesign Limited

(Registration number: 06583808)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 269,034 | 547,366
Current assets |  |  |
Stocks | 6 | 117,500 | 78,000
Debtors | 7 | 292,677 | 326,233
Cash at bank and in hand |  | 232,171 | 27,839
|  | 642,348 | 432,072
Creditors: Amounts falling due within one year | 8 | (299,933) | (375,600)
Net current assets |  | 342,415 | 56,472
Total assets less current liabilities |  | 611,449 | 603,838
Creditors: Amounts falling due after more than one year | 8 | (150,507) | (185,383)
Provisions for liabilities |  | (16,784) | (12,980)
Net assets |  | 444,158 | 405,475
Capital and reserves |  |  |
Called up share capital | 9 | 200 | 200
Revaluation reserve |  | 81,960 | 81,960
Retained earnings |  | 361,998 | 323,315
Shareholders' funds |  | 444,158 | 405,475

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 June 2026 and signed on its behalf by:

......................................... Mr J R Treby Director

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3 Goodwin Business Park
Willie Snaith Road
Newmarket
Suffolk
CB8 7SQ
England

These financial statements were authorised for issue by the Board on 8 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 18).

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 104,750 | 104,750
At 31 October 2025 | 104,750 | 104,750
Amortisation
At 1 November 2024 | 104,750 | 104,750
At 31 October 2025 | 104,750 | 104,750
Carrying amount
At 31 October 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 527,970 | 86,967 | 80,747 | 695,684
Additions | - | 4,424 | - | 4,424
Disposals | (282,970) | - | - | (282,970)
At 31 October 2025 | 245,000 | 91,391 | 80,747 | 417,138
Depreciation
At 1 November 2024 | 46,996 | 65,599 | 35,723 | 148,318
Charge for the year | 4,901 | 6,419 | 11,256 | 22,576
Eliminated on disposal | (22,790) | - | - | (22,790)
At 31 October 2025 | 29,107 | 72,018 | 46,979 | 148,104
Carrying amount
At 31 October 2025 | 215,893 | 19,373 | 33,768 | 269,034
At 31 October 2024 | 480,974 | 21,368 | 45,024 | 547,366

Included within the net book value of land and buildings above is £215,893 (2024 - £480,974) in respect of freehold land and buildings.

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 117,500 | 78,000

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 288,476 | 321,016
Amounts owed by related parties | 12 | 4,201 | 3,361
Prepayments |  | - | 1,856
|  | 292,677 | 326,233

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 108,214 | 104,910
Trade creditors |  | 32,991 | 76,392
Taxation and social security |  | 119,336 | 175,972
Accruals and deferred income |  | 21,632 | 8,789
Other creditors |  | 17,760 | 9,537
|  | 299,933 | 375,600

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 150,507 | 185,383

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 200 | 200 | 200 | 200

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 139,693 | 159,173
Hire purchase contracts | 10,814 | -
Other borrowings | - | 26,210
| 150,507 | 185,383

Current loans and borrowings

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

| 2025 £ | 2024 £
Bank borrowings | 18,564 | 17,005
Bank overdrafts | 74,254 | 72,508
Hire purchase contracts | 15,396 | 15,397
| 108,214 | 104,910

11 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of 1,175.00 (2024 - 1,085.50) per each Ordinary share |  | 235,000 |  | 217,100

Cubiqdesign Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

12 | Related party transactions

Transactions with directors

2025 | At 1 November 2024 £ | Other payments made to company by director £ | At 31 October 2025 £
Mr J R Treby
Loan from Director - unsecured, interest free and repayable on demand | 2,246 | (1,641) | 605

2024 | At 1 November 2023 £ | Other payments made to company by director £ | At 31 October 2024 £
Mr J R Treby
Loan from Director - unsecured, interest free and repayable on demand | 1,959 | 287 | 2,246

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 23,816 | 23,816
Contributions paid to money purchase schemes | 2,025 | 6,000
| 25,841 | 29,816

Summary of transactions with all entities with joint control or significant interest

Included in other debtors is an amount owed by Cubiq Properties Limited of £4,043 (2024 - £3,203), a company in which J Treby is also a Director.
Also included in other debtors is an amount owed by AHP Design Limited of £0 (2024 - £158), a company in which J Treby was previously a Director.
Included within other operating income is a management charge received from Last Word Apparel Limited of £28,846 (2024 - £52,890), a compamy in which J Treby is also a Director.