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UK ORANGE MAGIC CUBE INFORMATION TECHNOLOGY CO., LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
UK Orange Magic Cube Information Technology Co., Ltd ('the company') is a private limited by shares and is incorporated in England. The address of its registered office is Milton Keynes Midsummer Court 314 Midsummer Boulevard, Central Milton Keynes, Milton Keynes, Buckinghamshire, United Kingdom, MK9 2UB. The principal activity of the company is software development.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company's functional and presentational currency is GBP, rounded to the nearest £1.
The following principal accounting policies have been applied:
The company shows net liabilities at the reporting date of £69,053, (2024:£46,209). The company has received formal confirmation from its immediate parent, Shenzhen Qianhai Orange Magic Cube Information Technology Co., Ltd, that the company will receive the financial support it requires to enable it to meet its liabilities as they fall due.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the provison that a material uncertainty exists over the company’s future.
In making their assessment of going concern, the director has considered information for a period of at least twelve months from the date the financial statements were authorised for issue.
Revenue primarily arises from software development, information technology, and IT services for self-media.
Rendering of services
Revenue is based on a fixed fee recognised in the period in which the services are provided, the phase of the contract and the following criteria is met:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
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