2023-01-012023-12-312023-12-31false12942450CULTURE LABS LTD2024-03-27iso4217:GBPxbrli:pure129424502023-01-01129424502023-12-31129424502023-01-012023-12-31129424502021-11-01129424502022-12-31129424502021-11-012022-12-3112942450bus:SmallEntities2023-01-012023-12-3112942450bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112942450bus:AbridgedAccounts2023-01-012023-12-3112942450bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112942450core:WithinOneYear2023-12-3112942450core:AfterOneYear2023-12-3112942450core:WithinOneYear2022-12-3112942450core:AfterOneYear2022-12-3112942450core:ShareCapital2023-12-3112942450core:SharePremium2023-12-3112942450core:RevaluationReserve2023-12-3112942450core:OtherReservesSubtotal2023-12-3112942450core:RetainedEarningsAccumulatedLosses2023-12-3112942450core:ShareCapital2022-12-3112942450core:SharePremium2022-12-3112942450core:RevaluationReserve2022-12-3112942450core:OtherReservesSubtotal2022-12-3112942450core:RetainedEarningsAccumulatedLosses2022-12-3112942450core:LandBuildings2023-12-3112942450core:PlantMachinery2023-12-3112942450core:Vehicles2023-12-3112942450core:FurnitureFittings2023-12-3112942450core:OfficeEquipment2023-12-3112942450core:NetGoodwill2023-12-3112942450core:IntangibleAssetsOtherThanGoodwill2023-12-3112942450core:ListedExchangeTraded2023-12-3112942450core:UnlistedNon-exchangeTraded2023-12-3112942450core:LandBuildings2022-12-3112942450core:PlantMachinery2022-12-3112942450core:Vehicles2022-12-3112942450core:FurnitureFittings2022-12-3112942450core:OfficeEquipment2022-12-3112942450core:NetGoodwill2022-12-3112942450core:IntangibleAssetsOtherThanGoodwill2022-12-3112942450core:ListedExchangeTraded2022-12-3112942450core:UnlistedNon-exchangeTraded2022-12-3112942450core:LandBuildings2023-01-012023-12-3112942450core:PlantMachinery2023-01-012023-12-3112942450core:Vehicles2023-01-012023-12-3112942450core:FurnitureFittings2023-01-012023-12-3112942450core:OfficeEquipment2023-01-012023-12-3112942450core:NetGoodwill2023-01-012023-12-3112942450core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112942450core:ListedExchangeTraded2023-01-012023-12-3112942450core:UnlistedNon-exchangeTraded2023-01-012023-12-3112942450core:MoreThanFiveYears2023-01-012023-12-3112942450core:Non-currentFinancialInstruments2023-12-3112942450core:Non-currentFinancialInstruments2022-12-3112942450dpl:CostSales2023-01-012023-12-3112942450dpl:DistributionCosts2023-01-012023-12-3112942450core:LandBuildings2023-01-012023-12-3112942450core:PlantMachinery2023-01-012023-12-3112942450core:Vehicles2023-01-012023-12-3112942450core:FurnitureFittings2023-01-012023-12-3112942450core:OfficeEquipment2023-01-012023-12-3112942450dpl:AdministrativeExpenses2023-01-012023-12-3112942450core:NetGoodwill2023-01-012023-12-3112942450core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112942450dpl:GroupUndertakings2023-01-012023-12-3112942450dpl:ParticipatingInterests2023-01-012023-12-3112942450dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112942450core:ListedExchangeTraded2023-01-012023-12-3112942450dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112942450core:UnlistedNon-exchangeTraded2023-01-012023-12-3112942450dpl:CostSales2021-11-012022-12-3112942450dpl:DistributionCosts2021-11-012022-12-3112942450core:LandBuildings2021-11-012022-12-3112942450core:PlantMachinery2021-11-012022-12-3112942450core:Vehicles2021-11-012022-12-3112942450core:FurnitureFittings2021-11-012022-12-3112942450core:OfficeEquipment2021-11-012022-12-3112942450dpl:AdministrativeExpenses2021-11-012022-12-3112942450core:NetGoodwill2021-11-012022-12-3112942450core:IntangibleAssetsOtherThanGoodwill2021-11-012022-12-3112942450dpl:GroupUndertakings2021-11-012022-12-3112942450dpl:ParticipatingInterests2021-11-012022-12-3112942450dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-12-3112942450core:ListedExchangeTraded2021-11-012022-12-3112942450dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-12-3112942450core:UnlistedNon-exchangeTraded2021-11-012022-12-3112942450core:NetGoodwill2023-12-3112942450core:IntangibleAssetsOtherThanGoodwill2023-12-3112942450core:LandBuildings2023-12-3112942450core:PlantMachinery2023-12-3112942450core:Vehicles2023-12-3112942450core:FurnitureFittings2023-12-3112942450core:OfficeEquipment2023-12-3112942450core:AfterOneYear2023-12-3112942450core:WithinOneYear2023-12-3112942450core:ListedExchangeTraded2023-12-3112942450core:UnlistedNon-exchangeTraded2023-12-3112942450core:ShareCapital2023-12-3112942450core:SharePremium2023-12-3112942450core:RevaluationReserve2023-12-3112942450core:OtherReservesSubtotal2023-12-3112942450core:RetainedEarningsAccumulatedLosses2023-12-3112942450core:NetGoodwill2022-12-3112942450core:IntangibleAssetsOtherThanGoodwill2022-12-3112942450core:LandBuildings2022-12-3112942450core:PlantMachinery2022-12-3112942450core:Vehicles2022-12-3112942450core:FurnitureFittings2022-12-3112942450core:OfficeEquipment2022-12-3112942450core:AfterOneYear2022-12-3112942450core:WithinOneYear2022-12-3112942450core:ListedExch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CULTURE LABS LTD

Registered Number
12942450
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

CULTURE LABS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

LUKAC, Martin
SHERWOOD, Thomas Richard

Company Secretary

OHS SECRETARIES LIMITED

Registered Address

9th Floor 107 Cheapside
London
EC2V 6DN

Registered Number

12942450 (England and Wales)
CULTURE LABS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors49,22015,998
Cash at bank and on hand98,45255,341
147,67271,339
Creditors amounts falling due within one year3(11,147)(5,061)
Net current assets (liabilities)136,52566,278
Total assets less current liabilities136,52566,278
Net assets136,52566,278
Capital and reserves
Called up share capital591,563156,979
Profit and loss account(455,038)(90,701)
Shareholders' funds136,52566,278
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2024, and are signed on its behalf by:
SHERWOOD, Thomas Richard
Director
Registered Company No. 12942450
CULTURE LABS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

20232022
Average number of employees during the year00
3.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables803-
Bank borrowings and overdrafts5,0615,061
Taxation and social security5,283-
Total11,1475,061
4.Creditors: amounts due after one year