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REGISTERED NUMBER: 07578118 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Collective Consulting Limited

Collective Consulting Limited (Registered number: 07578118)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collective Consulting Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: H Ahmadi





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 07578118 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Collective Consulting Limited (Registered number: 07578118)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,429 7,339

CURRENT ASSETS
Debtors 5 228,274 263,575
Investments 6 - 227,650
Cash at bank 16,214 9,878
244,488 501,103
CREDITORS
Amounts falling due within one year 7 500,149 506,794
NET CURRENT LIABILITIES (255,661 ) (5,691 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(252,232

)

1,648

PROVISIONS FOR LIABILITIES 652 1,401
NET (LIABILITIES)/ASSETS (252,884 ) 247

CAPITAL AND RESERVES
Called up share capital 112 112
Retained earnings (252,996 ) 135
SHAREHOLDERS' FUNDS (252,884 ) 247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Collective Consulting Limited (Registered number: 07578118)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





H Ahmadi - Director


Collective Consulting Limited (Registered number: 07578118)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Collective Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investment
Current asset investment is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Collective Consulting Limited (Registered number: 07578118)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the year ended 31 January 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 22,449 8,149 30,598
Additions - 2,307 2,307
Disposals (22,449 ) (833 ) (23,282 )
At 31 January 2023 - 9,623 9,623
DEPRECIATION
At 1 February 2022 17,712 5,547 23,259
Charge for year - 647 647
Eliminated on disposal (17,712 ) - (17,712 )
At 31 January 2023 - 6,194 6,194
NET BOOK VALUE
At 31 January 2023 - 3,429 3,429
At 31 January 2022 4,737 2,602 7,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,200 3,252
Other debtors 221,074 260,323
228,274 263,575

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other - 227,650

The director considers the market value of the current asset investments to be nil as at 31 January 2023.

Collective Consulting Limited (Registered number: 07578118)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,000 5,749
Taxation and social security 7,852 10,395
Other creditors 479,297 490,650
500,149 506,794

8. RELATED PARTY DISCLOSURES

Included within other creditors is the director's current account balance of 40,224 (2022: £24,475). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other creditors is a balance amounting to £434,974 (2022: £332,371) due to companies in which the director of the company is also a director and shareholder. There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other debtors is a balance amounting to £7,000 (2022: £12,500) due from companies in which the director and shareholder of that company is a close family member of the director and shareholder of this company. There are no fixed repayment terms and no interest is chargeable by the company in respect of this balance.