Cube-i Limited - Abbreviated accounts

INVOLVED EVENTS LTD - Company Information

Registered number

08643374

Cube-i Limited

Abbreviated Accounts

31 December 2014

Cube-i Limited
Registered number:		08643374
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014
£
Fixed assets
Intangible assets	2		132,300
Tangible assets	3		104,693
			236,993

Current assets
Debtors		218,329
Cash at bank and in hand		63,715
		282,044

Creditors: amounts falling due within one year		(276,810)

Net current assets			5,234

Total assets less current liabilities			242,227

Creditors: amounts falling due after more than one year			(16,146)

Provisions for liabilities			(15,402)


Net assets			210,679

Capital and reserves
Called up share capital	5		2
Profit and loss account			210,677

Shareholders' funds			210,679

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Sean Barnard
Director
Approved by the board on 2 April 2015

Cube-i Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Intangible fixed assets					£

	Cost
	Additions					147,000
	At 31 December 2014					147,000

	Amortisation
	Provided during the year					14,700
	At 31 December 2014					14,700

	Net book value
	At 31 December 2014					132,300


3	Tangible fixed assets					£

	Cost
	Additions					139,590
	At 31 December 2014					139,590

	Depreciation
	Charge for the year					34,897
	At 31 December 2014					34,897

	Net book value
	At 31 December 2014					104,693


4	Loans					2014
£
	Creditors include:
	Secured bank loans					(22,396)


5	Share capital	Nominal		2014		2014
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		2

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		2