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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period |
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13th October 2016 to 31st October 2017 |
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for |
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CUBIK EYEWEAR LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period |
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13th October 2016 to 31st October 2017 |
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for |
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CUBIK EYEWEAR LTD |
CUBIK EYEWEAR LTD (REGISTERED NUMBER: 10426616) |
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Contents of the Financial Statements |
for the Period 13th October 2016 to 31st October 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Accountants' Report | 6 |
CUBIK EYEWEAR LTD |
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Company Information |
for the Period 13th October 2016 to 31st October 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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43 Coniscliffe Road |
Darlington |
Co. Durham |
DL3 7EH |
CUBIK EYEWEAR LTD (REGISTERED NUMBER: 10426616) |
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Abridged Balance Sheet |
31st October 2017 |
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Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
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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. |
CUBIK EYEWEAR LTD (REGISTERED NUMBER: 10426616) |
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Abridged Balance Sheet - continued |
31st October 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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CUBIK EYEWEAR LTD (REGISTERED NUMBER: 10426616) |
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Notes to the Financial Statements |
for the Period 13th October 2016 to 31st October 2017 |
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1. | STATUTORY INFORMATION |
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Cubik Eyewear Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the going concern basis of accounting. At the balance sheet |
date the company's liabilities exceeded its assets by £17,933. |
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Included in Creditors is a balance of £65,104 owed to the director. The director has indicated that repayment will |
not be sought if it would prejudice the going concern status of this company. Accordingly, the director believes it |
is appropriate to prepare financial statements under the going concern basis of accounting. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Government grants |
Capital grants are released to profit and loss account with regard to the estimated useful economic life of the |
assets to which they relate. |
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Revenue grants are released to profit and loss account in the period when the right to consideration is received. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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CUBIK EYEWEAR LTD (REGISTERED NUMBER: 10426616) |
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Notes to the Financial Statements - continued |
for the Period 13th October 2016 to 31st October 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 31st October 2017 |
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AMORTISATION |
Amortisation for period |
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At 31st October 2017 |
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NET BOOK VALUE |
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At 31st October 2017 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 31st October 2017 |
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DEPRECIATION |
Charge for period |
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At 31st October 2017 |
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NET BOOK VALUE |
At 31st October 2017 |
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Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Cubik Eyewear Ltd |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Cubik Eyewear Ltd for the period ended 31st October 2017 which comprise the Abridged |
Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of Cubik Eyewear Ltd in accordance with the terms of our engagement letter dated 14th October 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Cubik Eyewear Ltd and state those matters that we have agreed to state to the director of Cubik Eyewear Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Cubik Eyewear Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cubik Eyewear Ltd. You consider that Cubik Eyewear Ltd is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Cubik Eyewear Ltd. 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 statutory financial statements. |
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43 Coniscliffe Road |
Darlington |
Co. Durham |
DL3 7EH |
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