Company Registration No. 07246310 (England and Wales)
Cube Construction (Southern) Limited
Unaudited accounts
for the year ended 31 December 2020
Cube Construction (Southern) Limited
Unaudited accounts
Contents
Cube Construction (Southern) Limited
Company Information
for the year ended 31 December 2020
Company Number
07246310 (England and Wales)
Registered Office
26 Kings Parade Avenue
Bristol
BS8 2RE
Accountants
Evans Entwistle
432 Gloucester Rd
Bristol
BS7 8TX
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Cube Construction (Southern) Limited
for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cube Construction (Southern) Limited for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Chartered Management Accountants
432 Gloucester Rd
Bristol
BS7 8TX
29 January 2021
Cube Construction (Southern) Limited
Statement of financial position
as at
31 December 2020
Tangible assets
45,192
69,845
Inventories
253,702
443,347
Cash at bank and in hand
177,227
150,056
Creditors: amounts falling due within one year
(750,976)
(558,220)
Net current assets
481,827
367,611
Total assets less current liabilities
527,019
437,456
Creditors: amounts falling due after more than one year
(36,227)
(109,492)
Net assets
490,792
327,964
Called up share capital
1,000
1,000
Profit and loss account
489,792
326,964
Shareholders' funds
490,792
327,964
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2021 and were signed on its behalf by
A Spiller
Director
Company Registration No. 07246310
Cube Construction (Southern) Limited
Notes to the Accounts
for the year ended 31 December 2020
Cube Construction (Southern) Limited is a private company, limited by shares, registered in England and Wales, registration number 07246310. The registered office is 26 Kings Parade Avenue, Bristol, BS8 2RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Motor vehicles
25% on Cost
Fixtures & fittings
20% on Cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
At 31 December 2020
1,000
At 31 December 2020
1,000
Cube Construction (Southern) Limited
Notes to the Accounts
for the year ended 31 December 2020
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
5,084
203,417
17,825
226,326
Additions
22,025
-
-
22,025
Disposals
-
-
(17,825)
(17,825)
At 31 December 2020
27,109
203,417
-
230,526
At 1 January 2020
2,536
141,820
12,125
156,481
Charge for the year
15,439
25,539
-
40,978
On disposals
-
-
(12,125)
(12,125)
At 31 December 2020
17,975
167,359
-
185,334
At 31 December 2020
9,134
36,058
-
45,192
At 31 December 2019
2,548
61,597
5,700
69,845
Trade debtors
256,467
34,986
Amounts due from group undertakings etc.
377,879
208,786
Accrued income and prepayments
10,228
3,590
Other debtors
87,695
85,066
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
471,260
334,024
Taxes and social security
276,485
219,096
Other creditors
1,631
300
8
Creditors: amounts falling due after more than one year
2020
2019
Loans from directors
36,227
109,492
9
Share capital
2020
2019
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Cube Construction (Southern) Limited
Notes to the Accounts
for the year ended 31 December 2020
10
Transactions with related parties
At the year end the company was due £284,298 (2019: £208,786) from Severnview Commercial Properties Ltd. A company under common control.
At the year end the company was due £78,653 (2019: £9,167) from 5 & 7 Robertson Road Limited. A company under common control.
At the year end the company owed £13,728 (2019: £6,410) from 62 High Street Ltd. A company under common control.
At the year end the company owed £1,200 (2019: £nil) from Spiller Commercial Holdings Ltd. A company under common control.
No interest was charged on these balances and there are no fixed repayment terms.
Spiller Commercial Holdings Ltd is the parent company. Alan Spiller, who owns 100% of Spiller Commercial Holdings Ltd, is the ultimate beneficial owner.
12
Average number of employees
During the year the average number of employees was 10 (2019: 10).