Extreme Labs Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08706316 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

25 SEPTEMBER 2013 TO 31 DECEMBER 2014

FOR

EXTREME LABS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Hardy

D Hodges

SECRETARY:

REGISTERED OFFICE:

367B Church Road

Frampton Cotterell

Bristol

BS36 2AQ

REGISTERED NUMBER:

08706316 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Tangible assets

2

33,544

CURRENT ASSETS

Debtors

103,885

Cash at bank

51,373

155,258

CREDITORS

Amounts falling due within one year

(138,557

)

NET CURRENT ASSETS

16,701

TOTAL ASSETS LESS CURRENT LIABILITIES

50,245

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

50,243

SHAREHOLDERS' FUNDS

50,245

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 19 June 2015 and were signed on its behalf by:

P M Hardy - Director

D Hodges - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

40,992

At 31 December 2014

40,992

DEPRECIATION

Charge for period

7,448

At 31 December 2014

7,448

NET BOOK VALUE

At 31 December 2014

33,544

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

A Ordinary

£1.00

1

1

B Ordinary

£1.00

1

2