Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Cult Laboratories Ltd
Contents
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Cult Laboratories Ltd
(Registration number: 06899686)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
.........................................
Mr Almar Haflidason
Director
1
Cult Laboratories Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
At 31 May 2016, 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
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 June 2015 |
770 |
770 |
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At 31 May 2016 |
770 |
770 |
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Depreciation |
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At 1 June 2015 |
770 |
770 |
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At 31 May 2016 |
770 |
770 |
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Net book value |
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At 31 May 2016 |
- |
- |
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At 31 May 2015 |
- |
- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Cult Laboratories Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Related party transactions |
During the year Fetch Dynamic Ltd provided Cult Laboratories Limited with a loan of £500 (2015:nil). Almar Haflidason is a director of Fetch Dynamic Ltd. As per the balance sheet date the full loan was outstanding.