BUBBLE CUBED LTD Small abridged accounts
BUBBLE CUBED LTD Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
03882222
|
|
|
Chartered accountant
88 Sheep Street
Bicester
Oxon
OX26 6LP
|
Abridged Financial Statements |
Year ended 31 December 2016
Contents |
Page |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
|
Year ended 31 December 2016
88 Sheep Street
Chartered accountant
Bicester
Oxon
OX26 6LP
|
Abridged Statement of Financial Position |
2016 |
2015 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
|
|
|
Current assets
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
-------- |
-------- |
||
|
|
||
Creditors: amounts falling due within one year |
|
|
|
-------- |
-------- |
||
Net current (liabilities)/assets |
(
|
|
|
-------- |
-------- |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
– |
|
|
------- |
-------- |
||
Net assets |
|
|
|
------- |
-------- |
||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------- |
-------- |
||
Members funds |
|
|
|
------- |
-------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
2 August 2017
, and are signed on behalf of the board by:
|
Director |
Company registration number:
03882222
|
Notes to the Abridged Financial Statements |
Year ended 31 December 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Johns Cottage, Cherry Tree Lane, Fulmer, Buckinghamshire, SL3 6JE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
|
|
Motor Vehicles |
- |
|
|
Equipment |
- |
|
|
Finance leases and hire purchase contracts
4.
Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2015: 2).
5.
Profit before taxation
Profit before taxation is stated after charging:
2016 |
2015 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
------- |
------- |
|
6.
Tangible assets
£ |
|
Cost |
|
At 1 January 2016 |
|
Additions |
|
-------- |
|
At 31 December 2016 |
|
-------- |
|
Depreciation |
|
At 1 January 2016 |
|
Charge for the year |
|
-------- |
|
At 31 December 2016 |
|
-------- |
|
Carrying amount |
|
At 31 December 2016 |
11,377 |
-------- |
|
At 31 December 2015 |
14,061 |
-------- |
|
7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2016 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
-------- |
------- |
------- |
-------- |
||
2015 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
-------- |
------- |
------- |
-------- |
||
8.
Related party transactions
The company was under the control of Mr
A Stockall
throughout the current and previous year. Mr A Stockall
is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.
9.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.