Cube Moving and Storage Ltd - Period Ending 2017-03-31

Company registration number: 06055629

Cube Moving and Storage Ltd
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Year Ended 31 March 2016
 

Beresfords
  Chartered Accountants
  Castle House
  Castle Hill Avenue
  Folkestone
  Kent
  CT20 2TQ

Cube Moving and Storage Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Cube Moving and Storage Ltd
(Company registration number: 06055629)
Abbreviated Balance Sheet
31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					12,250			7,714
Current assets
Debtors					4,190			757
Cash at bank and in hand					-			1,494
					4,190			2,251
Creditors: Amounts falling due within one year					(765)			(5,338)
Net current assets/(liabilities)					3,425			(3,087)
Total assets less current liabilities					15,675			4,627
Creditors: Amounts falling due after more than one year					(22,529)			(12,936)
Net liabilities					(6,854)			(8,309)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(6,954)			(8,409)
Shareholders' deficit					(6,854)			(8,309)

The notes on pages 3 to 4 form an integral part of these financial statements.
 
  Page 1

Cube Moving and Storage Ltd
(Company registration number: 06055629)
Abbreviated Balance Sheet
31 March 2016......... continued

For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 director on 22 December 2016

......................................... Mr P T Blanche Director

The notes on pages 3 to 4 form an integral part of these financial statements.
 
  Page 2

Cube Moving and Storage Ltd
Notes to the Abbreviated Accounts
Year Ended 31 March 2016......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation 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;

Asset class	Depreciation method and rate
Motor vehicles	25% On reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Cube Moving and Storage Ltd
Notes to the Abbreviated Accounts
Year Ended 31 March 2016......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		15,309			15,309
Additions		8,620			8,620
At 31 March 2016		23,929			23,929
Depreciation
At 1 April 2015		7,595			7,595
Charge for the year		4,084			4,084
At 31 March 2016		11,679			11,679
Net book value
At 31 March 2016		12,250			12,250
At 31 March 2015		7,714			7,714

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4