Abbreviated Company Accounts - ATHLETE LAB LIMITED

ATHLETE LAB LIMITED - Company Information

08641282 ATHLETE LAB LIMITED 2014-10-31 false 2013-08-07 2014-10-31 true 08641282 2013-08-07 2014-10-31 08641282 2014-10-31 08641282 uk-gaap-cd-bus:Director1 2013-08-07 2014-10-31 08641282 uk-gaap-cd-bus:Director2 2013-08-07 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-07 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 08641282

ATHLETE LAB LIMITED

Abbreviated Accounts

31 October 2014

ATHLETE LAB LIMITED Registered Number 08641282

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	753,795
		753,795
Current assets
Stocks		5,962
Debtors		127,438
Cash at bank and in hand		42,228
		175,628
Creditors: amounts falling due within one year		(525,804)
Net current assets (liabilities)		(350,176)
Total assets less current liabilities		403,619
Total net assets (liabilities)		403,619
Capital and reserves
Called up share capital	3	809,755
Profit and loss account		(406,136)
Shareholders' funds		403,619

For the year ending 31 October 2014 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 22 April 2015

And signed on their behalf by:
Mr. N. B. Franks, Director

ATHLETE LAB LIMITED Registered Number 08641282

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention.
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Land and buildings Leasehold 10 years straight line method
Plant and machinery 5 years straight line method
Computer equipment 3 years straight line method
Fixtures, fittings & equipment 5 years straight line method

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
Additions	817,834
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	817,834
Depreciation
Charge for the year	64,039
On disposals	-
At 31 October 2014	64,039
Net book values
At 31 October 2014	753,795

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

	2014 £
809,755 Ordinary shares of £1 each	809,755