Abbreviated Company Accounts - CUBE19 LIMITED

07677269 CUBE19 LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 07677269 2015-01-01 2015-12-31 07677269 2015-12-31 07677269 2014-12-31 07677269 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07677269 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07677269

CUBE19 LIMITED

Abbreviated Accounts

31 December 2015

CUBE19 LIMITED Registered Number 07677269

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	1,185,149	1,043,848
Tangible assets	3	17,904	17,008
		1,203,053	1,060,856
Current assets
Debtors		364,597	232,909
Cash at bank and in hand		11,527	153,063
		376,124	385,972
Creditors: amounts falling due within one year		(569,113)	(396,176)
Net current assets (liabilities)		(192,989)	(10,204)
Total assets less current liabilities		1,010,064	1,050,652
Creditors: amounts falling due after more than one year		(217,236)	(317,069)
Total net assets (liabilities)		792,828	733,583
Capital and reserves
Called up share capital	4	333	320
Share premium account		2,544,013	2,182,031
Profit and loss account		(1,751,518)	(1,448,768)
Shareholders' funds		792,828	733,583

For the year ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 March 2016

And signed on their behalf by:
Mr D McGuire, Director

CUBE19 LIMITED Registered Number 07677269

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

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

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Office Equipment - 25% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Development costs - 20% straight line

Other accounting policies
Research and Development
Development expenditure incurred on clearly defined projects whose outcome can be assessed
with reasonable certainty is carried forward.

Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with.

Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at
the rate of exchange ruling at the date of the transaction. Exchange differences are taken into
account in arriving at the operating profit.

2Intangible fixed assets

	£
Cost
At 1 January 2015	1,669,196
Additions	530,739
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	2,199,935
Amortisation
At 1 January 2015	625,348
Charge for the year	389,438
On disposals	-
At 31 December 2015	1,014,786
Net book values
At 31 December 2015	1,185,149
At 31 December 2014	1,043,848

3Tangible fixed assets

	£
Cost
At 1 January 2015	30,739
Additions	5,714
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	36,453
Depreciation
At 1 January 2015	13,731
Charge for the year	4,818
On disposals	-
At 31 December 2015	18,549
Net book values
At 31 December 2015	17,904
At 31 December 2014	17,008

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
333,298 Ordinary shares of £333 each (319,735 shares for 2014)	110,988,234	106,471,755

The company issued a further 936 Ordinary £0.001 shares at a price of £26.69 per share on 13th
January 2015.
The company issued a further 1,873 Ordinary £0.001 shares at a price of £26.69 per share on
19th March 2015.
The company issued a further 10,004 Ordinary £0.001 shares at a price of £26.69 per share on
3rd April 2015.
The company issued a further 375 Ordinary £0.001 shares at a price of £26.69 per share on 8th
May 2015.
The company issued a further 375 Ordinary £0.001 shares at a price of £26.69 per share on 18th
May 2015.