Abbreviated Company Accounts - CUBIC EVOLUTION LIMITED

CUBIC EVOLUTION LIMITED - Company Information

Registered Number 05109755

CUBIC EVOLUTION LIMITED

Abbreviated Accounts

30 April 2014

CUBIC EVOLUTION LIMITED Registered Number 05109755

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	14,431	11,458
Investments	3	35,040	51,040
		49,471	62,498
Current assets
Debtors		42,034	59,594
Cash at bank and in hand		258,969	110,889
		301,003	170,483
Creditors: amounts falling due within one year		(116,864)	(90,955)
Net current assets (liabilities)		184,139	79,528
Total assets less current liabilities		233,610	142,026
Provisions for liabilities		(2,284)	(1,556)
Total net assets (liabilities)		231,326	140,470
Capital and reserves
Called up share capital		100	100
Profit and loss account		231,226	140,370
Shareholders' funds		231,326	140,470

For the year ending 30 April 2014 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 15 July 2014

And signed on their behalf by:
Ray Monk, Director
Peter Barlow, Director

CUBIC EVOLUTION LIMITED Registered Number 05109755

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 May 2013	47,111
Additions	7,783
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	54,894
Depreciation
At 1 May 2013	35,653
Charge for the year	4,810
On disposals	-
At 30 April 2014	40,463
Net book values
At 30 April 2014	14,431
At 30 April 2013	11,458

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Cost
At 1 May 2013 51,040
Disposals (16,000)
At 30 April 2014 35,040

Net book values
At 30 April 2014 35,040
At 30 April 2013 51,040