Cult Laboratories Ltd - Period Ending 2015-05-31

Registration number: 06899686

Cult Laboratories Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

Metric Accountants Ltd
The Media Village
131-151 Great Titchfield Street
London
W1W 5BB

Cult Laboratories Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cult Laboratories Ltd
(Registration number: 06899686)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Current assets
Debtors					187			184
Cash at bank and in hand					442			1,272
					629			1,456
Creditors: Amounts falling due within one year					(900)			(1,116)
Net (liabilities)/assets					(271)			340
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(371)			240
Shareholders' (deficit)/funds					(271)			340

For the year ending 31 May 2015 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 director acknowledges his 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 director on 25 February 2016

.........................................
Mr Almar Haflidason
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cult Laboratories Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

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 April 2008).

Going concern

At 31 May 2015, the company had net liabilities. Despite this, the directors have confirmed that in their opinion the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months).

Consequently, the company is considered a going concern.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	33% on cost

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		770			770
At 31 May 2015		770			770
Depreciation
At 1 June 2014		770			770
At 31 May 2015		770			770
Net book value
At 31 May 2015		-			-
At 31 May 2014		-			-

Page 2

Cult Laboratories Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3