Cubenet Limited - Abbreviated accounts 16.1

Cubenet Limited - Abbreviated accounts 16.1

CUBENET LIMITED - Company Information

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REGISTERED NUMBER: 04721537 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Cubenet Limited

Cubenet Limited (Registered number: 04721537)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Cubenet Limited (Registered number: 04721537)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,060 2,267

CURRENT ASSETS
Stocks 15,914 505
Debtors 10,367 5,492
Cash at bank 10,583 3,807
36,864 9,804
CREDITORS
Amounts falling due within one year 29,412 7,263
NET CURRENT ASSETS 7,452 2,541
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,512
4,808

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 9,510 4,806
SHAREHOLDERS' FUNDS 9,512 4,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 3 November 2016 and were signed by:





K R Skinner - Director


The notes form part of these abbreviated accounts

Page 1
Cubenet Limited (Registered number: 04721537)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 January 2015).

Turnover
Turnover represents net amounts invoiced by the company in respect of services provided during the year
excluding value added tax. Turnover is wholly attributable to the company's main activity and arises entirely in
the UK.

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

Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 3,726
Additions 308
At 31 March 2016 4,034
DEPRECIATION
At 1 April 2015 1,459
Charge for year 515
At 31 March 2016 1,974
NET BOOK VALUE
At 31 March 2016 2,060
At 31 March 2015 2,267

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 2