Cube Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04987662 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

CUBE PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K F O'Reilly

VJ Graham

S M Jones

J R Agness

REGISTERED OFFICE:

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

REGISTERED NUMBER:

04987662 (England and Wales)

FIXED ASSETS

Tangible assets

4

22,469

12,729

CURRENT ASSETS

Stocks

25,924

6,440

Debtors

5

313,211

255,434

Cash at bank and in hand

457,829

402,532

796,964

664,406

CREDITORS

Amounts falling due within one year

6

353,877

327,710

NET CURRENT ASSETS

443,087

336,696

TOTAL ASSETS LESS CURRENT LIABILITIES

465,556

349,425

PROVISIONS FOR LIABILITIES

3,820

1,871

NET ASSETS

461,736

347,554

CAPITAL AND RESERVES

Called up share capital

600

600

Capital redemption reserve

231

231

Retained earnings

460,905

346,723

SHAREHOLDERS' FUNDS

461,736

347,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2019 and were signed on its behalf by:

K F O'Reilly - Director

1.	STATUTORY INFORMATION

Cube Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the net invoiced sale of goods and services, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to

items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are

recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by

the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against

the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company makes contributions to the personal pension plans of certain employees. Contributions are charged to the profit and loss

account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2018 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

67,462

Additions

17,709

At 31 March 2019

85,171

DEPRECIATION

At 1 April 2018

54,733

Charge for year

7,969

At 31 March 2019

62,702

NET BOOK VALUE

At 31 March 2019

22,469

At 31 March 2018

12,729

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

298,340

242,744

Other debtors

14,871

12,690

313,211

255,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

30,055

16,600

Taxation and social security

162,216

122,324

Other creditors

161,606

188,786

353,877

327,710

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to directors at the balance sheet date was £38,488 (2018: £40,305) . There are no fixed terms for repayment of the

loans. Interest is payable on the loans at the discretion of the directors.

The company paid rent of £14,000 (2018: £12,000) in the period to a property partnership in which two of the directors are partners.