Cube Partners Limited - Limited company - abbreviated

REGISTERED NUMBER: 04987662 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

CUBE PARTNERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K F O'Reilly

VJ Graham

S J Jones

J R Agness

SECRETARY:

REGISTERED OFFICE:

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

REGISTERED NUMBER:

04987662 (England and Wales)

FIXED ASSETS

Tangible assets

2

9,958

10,602

CURRENT ASSETS

Stocks

2,298

1,357

Debtors

145,468

170,117

Cash at bank

126,527

111,557

274,293

283,031

CREDITORS

Amounts falling due within one year

195,907

134,661

NET CURRENT ASSETS

78,386

148,370

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,344

158,972

PROVISIONS FOR LIABILITIES

-

984

NET ASSETS

88,344

157,988

CAPITAL AND RESERVES

Called up share capital

3

600

562

Capital redemption reserve

231

Profit and loss account

87,513

157,195

SHAREHOLDERS' FUNDS

88,344

157,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 December 2014 and were signed on its behalf
by:

K F O'Reilly - Director

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 April 2008).

Turnover

Turnover represents the net invoiced sale of goods and services, exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully

amortised in the year under review.

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 etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

88,194

Additions

5,237

At 31 March 2014

93,431

DEPRECIATION

At 1 April 2013

77,592

Charge for year

5,881

At 31 March 2014

83,473

NET BOOK VALUE

At 31 March 2014

9,958

At 31 March 2013

10,602

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

370

A Ordinary

£1

370

351

(2013 - 351 )

130

B Ordinary

£1

130

111

(2013 - 111 )

100

D Ordinary

£1

100

600

562

The following shares were issued during the year for cash at par :

19 A Ordinary shares of £1

19 B Ordinary shares of £1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

K F O'Reilly, a director of the company, has advanced loans to the company during the year. The amount due to

the director at the balance sheet date was £17,054 (2013: £25,035) .

There are no fixed terms for repayment of the loans. Interest is payable on the loans at the discretion of the

directors.

The directors have received dividends during the year of £60,000 (2013: £44,715).

The company has paid rent of £12,000 (2013: £27,120) to a property partnership in which K F O'Reilly and V J

Graham are partners.

Cube Partners Limited - Limited company - abbreviated - 11.6

Cube Partners Limited - Limited company - abbreviated - 11.6