Cubat Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04018221

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2015

FOR

CUBAT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A M Batt

F S Batt

SECRETARY:

A M Batt

REGISTERED OFFICE:

The Courtyard

Shoreham Road

Upper Beeding

Steyning

West Sussex

BN44 3TN

REGISTERED NUMBER:

04018221

ACCOUNTANTS:

Russell New Limited

The Courtyard

Shoreham Road

Upper Beeding

Steyning

West Sussex

BN44 3TN

FIXED ASSETS

Tangible assets

2

894

1,126

CURRENT ASSETS

Debtors

16,558

22,013

Cash at bank

261

-

16,819

22,013

CREDITORS

Amounts falling due within one year

17,296

22,653

NET CURRENT LIABILITIES

(477

)

(640

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

417

486

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

415

484

SHAREHOLDERS' FUNDS

417

486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6th July 2016 and were signed on its behalf by:

A M Batt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents share of commissions.

Tangible fixed assets

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

Computer equipment

-

straight line over 3 years

Deferred tax

Deferred taxation has not been provided in these accounts as in the opinion of the directors there is reasonable

probability that the liability will not arise in the foreseeable future. This does not comply with the Financial

Reporting Standard for Smaller Entities (effective April 2008) paragraph 9.4. If full provision for deferred

taxation was made in these accounts in relation to accelerated capital allowances, there would be a liability at 31

October 2015 of £179 (2014: £225).

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

7,783

Additions

339

At 31st October 2015

8,122

DEPRECIATION

At 1st November 2014

6,657

Charge for year

571

At 31st October 2015

7,228

NET BOOK VALUE

At 31st October 2015

894

At 31st October 2014

1,126

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

2

4.	RELATED PARTY DISCLOSURES

The company was controlled throughout the year by its directors. This is by virtue of the fact they own the entire

share capital of the company.

At 1 November 2014 the directors owed the company £21,779. This loan was repaid during the year and further

advances were made to the directors. At the balance sheet date the directors owed the company £16,278. The

loan is interest free and repayable on demand.

Dividends totalling £48,000 (2014: £52,000) were paid to the directors of the company.