Cubenet Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04721537 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cubenet Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

K R Skinner

D L Penhall

P E E Penhall

SECRETARY:

J E Skinner

REGISTERED OFFICE:

4 Tregarne Terrace

St Austell

Cornwall

PL25 4BE

REGISTERED NUMBER:

04721537 (England and Wales)

FIXED ASSETS

Tangible assets

4

60,970

7,454

CURRENT ASSETS

Stocks

551,061

42,460

Debtors

204,639

290,079

Cash at bank

2,847

40,871

758,547

373,410

CREDITORS

Amounts falling due within one year

665,439

309,315

NET CURRENT ASSETS

93,108

64,095

TOTAL ASSETS LESS CURRENT LIABILITIES

154,078

71,549

CREDITORS

Amounts falling due after more than one year

(97,946

)

(39,850

)

PROVISIONS FOR LIABILITIES

(2,198

)

(1,407

)

NET ASSETS

53,934

30,292

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

53,932

30,290

SHAREHOLDERS' FUNDS

53,934

30,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 December 2023 and were signed on its behalf by:

K R Skinner - Director

1.	STATUTORY INFORMATION

Cubenet 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net amounts invoiced by the company in respect of services provided during the year excluding value added tax. Turnover is wholly attributable to the company's main activity and arises entirely in the UK.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

17,859

Additions

62,487

At 31 March 2023

80,346

DEPRECIATION

At 1 April 2022

10,405

Charge for year

8,971

At 31 March 2023

19,376

NET BOOK VALUE

At 31 March 2023

60,970

At 31 March 2022

7,454