Abbreviated Company Accounts - QUBE FITNESS LIMITED

QUBE FITNESS LIMITED - Company Information

07603227 QUBE FITNESS LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 07603227 2015-05-01 2016-04-30 07603227 2016-04-30 07603227 2015-04-30 07603227 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 07603227 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 07603227

QUBE FITNESS LIMITED

Abbreviated Accounts

30 April 2016

QUBE FITNESS LIMITED Registered Number 07603227

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	47,367	50,367
		47,367	50,367
Current assets
Debtors		2,773	-
Cash at bank and in hand		10,725	1,196
		13,498	1,196
Creditors: amounts falling due within one year		(13,672)	(10,709)
Net current assets (liabilities)		(174)	(9,513)
Total assets less current liabilities		47,193	40,854
Creditors: amounts falling due after more than one year		(80,148)	(78,250)
Total net assets (liabilities)		(32,955)	(37,396)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(33,055)	(37,496)
Shareholders' funds		(32,955)	(37,396)

For the year ending 30 April 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 January 2017

And signed on their behalf by:
J A Thomas, Director

QUBE FITNESS LIMITED Registered Number 07603227

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Revenue is recognised as the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
The leasehold property is not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the performance and position of the company.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Other fixed assets - 15 years straight line

Other accounting policies
Going concern

The company has net liabilities of £32,955 (2015: £37,396). As the company continues to be supported by the director, it is considered appropriate to prepare the financial statements on a going concern basis.

Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).

Operating Leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

2Tangible fixed assets

	£
Cost
At 1 May 2015	56,559
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	56,559
Depreciation
At 1 May 2015	6,192
Charge for the year	3,000
On disposals	-
At 30 April 2016	9,192
Net book values
At 30 April 2016	47,367
At 30 April 2015	50,367

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100