For the year ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06612918
3Cube UK Limited
For the year ended 30 June 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3Cube UK Limited
Accountants' Report
For the year ended 30 June 2016
Accountants
'
report on the unaudited financial statements to the directors of
3
Cube UK Limited
.
|
In accordance with our terms of engagement and in order to assist you to fulfill your duties under the Companies
|
Act
2006
,
we have compiled the financial statements of the company for the period ended year ended
30
June
|
2016
which comprise the Profit and Loss Account
,
the Balance Sheet and the related notes from the accounting
|
records and information and explanations you have given to us
.
|
This report is made to the company
'
s Board of Directors
,
as a body
,
in accordance with the terms of our
|
engagement
.
Our work has been undertaken so that we might compile the financial statements that we have been
|
engaged to compile
,
report to the company
'
s Board of Directors that we have done so
,
and state those matters that
|
we have agreed to state to them in this report and for no other purpose
.
To the fullest extent permitted by law
,
we
|
do not accept or assume responsibility to anyone other than the company and the company
'
s Board of Directors
,
as
|
a body
,
for our work or for this report
.
|
You have acknowledged on the Balance Sheet as at year ended
30
June
2016
your duty to ensure that the
|
company has kept proper accounting records and to prepare financial statements that give a true and fair view
|
under the Companies Act
2006
.
You consider that the company is exempt from the statutory requirement for an
|
audit for the period
.
|
We have not been instructed to carry out an audit of the financial statements
.
For this reason
,
we have not verified
|
the accuracy or completeness of the accounting records or information and explanations you have given to us and
|
we do not
,
therefore
,
express any opinion on the financial statements
.
|
Abbey & Co Associates
1st Floor, Abbey House
270-272 Lever Street
Bolton
Lancashire
BL3 6PD
27 March 2016
1 of 4
Notes to the Abbreviated Financial Statements
|
3Cube UK Limited
For the year ended 30 June 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
3Cube UK Limited
For the year ended 30 June 2016
1,404
(1,404)
-
1,404
(1,404)
-
-
-
2016
3
Creditors
:
amounts falling due within one year
|
2015
2,284
2,464
Bank loans and overdrafts (secured)
2015
2016
4
Creditors
:
amounts falling due after one year
|
3,506
5,266
Bank loans and overdrafts (secured)
2
Class A shares of £
1
.
00
each
|
Allotted called up and fully paid
|
2016
2015
2
Class A shares of £
1
.
00
each
|
2
2
2
2
4 of 4