Cinelab London Limited - Period Ending 2013-12-31

Company registration number: 06701466 (England and Wales)

Cinelab London Limited
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 31 December 2013
 

KCAS LLP
  Chartered Accountants
  305 REGENTS PARK ROAD
  FINCHLEY
  LONDON
  N3 1DP

Cinelab London Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

  Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
  Cinelab London Limited
for the Year Ended 31 December 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cinelab London Limited for the year ended 31 December 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cinelab London Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cinelab London Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cinelab London Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cinelab London Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Cinelab London Limited. You consider that Cinelab London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cinelab London Limited. 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 accounts.

 
 
 
  KCAS LLP
  Chartered Accountants
  305 REGENTS PARK ROAD
  FINCHLEY
  LONDON
  N3 1DP

12 May 2014

Page 1

Cinelab London Limited
(Registration number: 06701466 )
  Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					58,353			-
Current assets
Stocks					46,448			23,697
Debtors					310,794			881,113
Cash at bank and in hand					103,110			690
					460,352			905,500
Creditors: Amounts falling due within one year					(380,212)			(730,547)
Net current assets					80,140			174,953
Total assets less current liabilities					138,493			174,953
Creditors: Amounts falling due after more than one year					(183,973)			-
Net (liabilities)/assets					(45,480)			174,953
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(46,480)			173,953
Shareholders' (deficit)/funds					(45,480)			174,953

For the year ending 31 December 2013 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.

The notes on pages 4 to 5 form an integral part of these financial statements. Page 2

Cinelab London Limited
(Registration number: 06701466 )
  Abbreviated Balance Sheet at 31 December 2013
......... continued

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 May 2014 and signed on its behalf by:

 
 
 
 
  .........................................
 Mr Rodrigo Ruiz Tarazona Diaz
 Director

 
 
 
 
  .........................................
 Mr Adrian Jonathan Bull
 Director

The notes on pages 4 to 5 form an integral part of these financial statements. Page 3

Cinelab London Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... 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

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. In the opinion of the directors, the company has the support of its creditors and financiers for the foreseeable future and it is therefore appropriate to adopt the going concern policy.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on a reducing balance
Plant and machinery	25% on a reducing balance
Office equipment	25% on a reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 4

Cinelab London Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		77,803			77,803
At 31 December 2013		77,803			77,803
Depreciation
Charge for the year		19,450			19,450
At 31 December 2013		19,450			19,450
Net book value
At 31 December 2013		58,353			58,353

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 5