Blue Cube Security Limited - Accounts to registrar (filleted) - small 18.2
Blue Cube Security Limited - Accounts to registrar (filleted) - small 18.2
Unaudited Financial Statements for the Year Ended 31 December 2020 |
for |
BLUE CUBE SECURITY LIMITED |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Contents of the Financial Statements |
for the year ended 31 December 2020 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
BLUE CUBE SECURITY LIMITED |
Company Information |
for the year ended 31 December 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
48 Leigh Road |
Leigh on Sea |
Essex |
SS9 1LF |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Statement of Financial Position |
31 December 2020 |
31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Statement of Financial Position - continued |
31 December 2020 |
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 and authorised for issue on |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Notes to the Financial Statements |
for the year ended 31 December 2020 |
1. | STATUTORY INFORMATION |
Blue Cube Security Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services excluding value added tax. |
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Research |
and |
Developm- |
Goodwill | ent | Totals |
£ | £ | £ |
COST |
At 1 January 2020 |
Additions |
At 31 December 2020 |
AMORTISATION |
At 1 January 2020 |
Amortisation for year |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
5. | TANGIBLE FIXED ASSETS |
Improvem- | Fixtures |
ents to | Office | and | Computer |
property | equipment | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2020 |
Additions |
At 31 December 2020 |
DEPRECIATION |
At 1 January 2020 |
Charge for year |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
6. | DEBTORS |
31.12.20 | 31.12.19 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
6. | DEBTORS - continued |
31.12.20 | 31.12.19 |
£ | £ |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
VAT | 755,676 | 152,628 |
Other creditors |
Directors' loan accounts | - | 78,840 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans - 1-2 years |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.20 | 31.12.19 |
£ | £ |
Bank overdraft |
The company's financing facilities are secured on the company's assets. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.20 | 31.12.19 |
value: | £ | £ |
Ordinary | 0.10 | 15 | 15 |
BLUE CUBE SECURITY LIMITED (REGISTERED NUMBER: 07118478) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019: |
31.12.20 | 31.12.19 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
12. | RELATED PARTY DISCLOSURES |
At 31 December 2020, Blue Cube Security Ltd was owed £50,000 by Blue Cube Security Holdings Ltd. |
13. | ULTIMATE CONTROLLING PARTY |
The company was controlled throughout the year by Gary J Haycock-West, a director of the company and a |
shareholder and director of the ultimate holding company Blue Cube Security Holdings Limited. |