Abbreviated Company Accounts - CUBE INVESTMENTS LTD

Abbreviated Company Accounts - CUBE INVESTMENTS LTD

CUBE INVESTMENTS LTD - Company Information

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Registered Number 07614414

CUBE INVESTMENTS LTD

Abbreviated Accounts

30 April 2016

CUBE INVESTMENTS LTD Registered Number 07614414

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,380,113 2,381,995
2,380,113 2,381,995
Current assets
Debtors 887,819 785,749
Cash at bank and in hand 33,464 326,247
921,283 1,111,996
Creditors: amounts falling due within one year (244,521) (112,939)
Net current assets (liabilities) 676,762 999,057
Total assets less current liabilities 3,056,875 3,381,052
Creditors: amounts falling due after more than one year (1,603,123) (1,927,645)
Total net assets (liabilities) 1,453,752 1,453,407
Capital and reserves
Called up share capital 1 1
Revaluation reserve 1,475,614 1,475,614
Profit and loss account (21,863) (22,208)
Shareholders' funds 1,453,752 1,453,407
  • For the year ending 30 April 2016 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 6 April 2017

And signed on their behalf by:
Mr TS Ubhi, Director

CUBE INVESTMENTS LTD Registered Number 07614414

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line
Motor vehicles 25% straight line

2Tangible fixed assets
£
Cost
At 1 May 2015 2,387,527
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 2,387,527
Depreciation
At 1 May 2015 5,532
Charge for the year 1,882
On disposals -
At 30 April 2016 7,414
Net book values
At 30 April 2016 2,380,113
At 30 April 2015 2,381,995