Hyper_Luminal_Games_Ltd - Accounts

HYPER LUMINAL GAMES LTD - Company Information

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Company Registration No. SC479048 (Scotland)

Hyper Luminal Games Ltd

Abbreviated financial statements

for the period ended 30 June 2015

Hyper Luminal Games Ltd

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated financial statements

2 - 3

Hyper Luminal Games Ltd

Abbreviated balance sheet

as at 30 June 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

2,318

Current assets

Debtors

1,081

Cash at bank and in hand

8,796

9,877

Creditors: amounts falling due within one year

(11,835)

Net current liabilities

(1,958)

Total assets less current liabilities

360

Capital and reserves

Called up share capital

Profit and loss account

356

Shareholders' funds

360

For the financial period ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 23 November 2015

S Martin

Director

Company Registration No. SC479048

Hyper Luminal Games Ltd

Notes to the abbreviated financial statements

for the period ended 30 June 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

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).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

2-3 years straight line

1.5

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

1.6

Taxation

The tax expense represents the sum of the corporation tax and deferred tax charge for the year.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Hyper Luminal Games Ltd

Notes to the abbreviated financial statements (continued)

for the period ended 30 June 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 3 June 2014

Additions

3,700

At 30 June 2015

3,700

Depreciation

At 3 June 2014

Charge for the period

1,382

At 30 June 2015

1,382

Net book value

At 30 June 2015

2,318

Share capital

2015

Allotted, called up and fully paid

4 Ordinary shares of £1 each

During the period 4 ordinary shares were issued at a par value of £1 per share