Company Registration No. 05393027 (England and Wales)
3 Sided Cube Design Ltd
Unaudited accounts
for the year ended 31 March 2019
3 Sided Cube Design Ltd
Unaudited accounts
Contents
3 Sided Cube Design Ltd
Company Information
for the year ended 31 March 2019
Directors
Duncan Cook
Richard Strachan
Sophia Story
Sophie Hardiman Biles
Company Number
05393027 (England and Wales)
Registered Office
Telephone House
18 Christchurch Road
Bournemouth
Dorset
BH1 3NE
England
Accountants
Smart Accountancy Systems Ltd
Unit 2 Dominion Centre
Elliott Road
Bournemouth
Dorset
BH11 8JR
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
3 Sided Cube Design Ltd
for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
3 Sided Cube Design Ltd for the year ended
31 March 2019 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
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/en/member/professional-standards/rules-standards/acca-rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Smart Accountancy Systems Ltd
Chartered Certified Accountants
Unit 2 Dominion Centre
Elliott Road
Bournemouth
Dorset
BH11 8JR
11 November 2019
3 Sided Cube Design Ltd
Statement of financial position
as at
31 March 2019
Tangible assets
118,958
122,010
Cash at bank and in hand
362,369
426,788
Creditors: amounts falling due within one year
(66,031)
(134,510)
Net current assets
1,110,598
1,161,505
Total assets less current liabilities
1,229,556
1,283,515
Provisions for liabilities
Deferred tax
(20,274)
(24,402)
Net assets
1,209,282
1,259,113
Called up share capital
30
30
Profit and loss account
1,209,252
1,259,083
Shareholders' funds
1,209,282
1,259,113
For the year ending 31 March 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 December 2019.
Duncan Cook
Director
Company Registration No. 05393027
3 Sided Cube Design Ltd
Notes to the Accounts
for the year ended 31 March 2019
3 Sided Cube Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 05393027. The registered office is Telephone House, 18 Christchurch Road, Bournemouth, Dorset, BH1 3NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a reducing balance basis
Fixtures & fittings
10% on a straight line basis
Computer equipment
33.33% on a straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
3 Sided Cube Design Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
121,196
14,788
49,625
185,609
Additions
5,236
10,966
12,751
28,953
Disposals
(475)
-
-
(475)
At 31 March 2019
125,957
25,754
62,376
214,087
At 1 April 2018
31,709
683
31,207
63,599
Charge for the year
18,630
1,996
10,910
31,536
At 31 March 2019
50,333
2,679
42,117
95,129
At 31 March 2019
75,624
23,075
20,259
118,958
At 31 March 2018
89,487
14,105
18,418
122,010
Trade debtors
205,879
253,217
Amounts due from group undertakings etc.
500,000
500,000
Accrued income and prepayments
49,381
35,671
Other debtors
59,000
80,339
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
27,034
54,191
Taxes and social security
20,146
41,048
Other creditors
6,360
2,165
Loans from directors
2,331
-
Deferred income
7,973
32,390
7
Deferred taxation
2019
2018
Accelerated capital allowances
20,274
24,402
3 Sided Cube Design Ltd
Notes to the Accounts
for the year ended 31 March 2019
Provision at start of year
24,402
7,253
(Credited)/charged to the profit and loss account
(4,128)
17,149
Provision at end of year
20,274
24,402
8
Operating lease commitments
2019
2018
At 31 March 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
9
Transactions with related parties
Included within other debtors is an amount owed £500,000 (2018: £500,000) by Cubed Group Ltd, the controlling company and an amount owed £59,000 (2018: £59,000) by Fourmation Developments Ltd a company in which Mr Duncan Cook is a Director and Shareholder.
There were no conditions attached to these loans which are interest free.
The company's immediate parent is Cubed Group Ltd, incorporated in England.
11
Average number of employees
During the year the average number of employees was 31 (2018: 30).