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REGISTERED NUMBER: 10554265 (England and Wales)





















COLLECTION POT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


COLLECTION POT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms W L Carter
A D Stevens
K J Coles
A M Evans
R J Haynes





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 10554265 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 68,859 128,481
Tangible assets 5 10,133 5,097
78,992 133,578

CURRENT ASSETS
Debtors 6 1,070,687 1,097,035
Cash at bank 703,007 44,850
1,773,694 1,141,885
CREDITORS
Amounts falling due within one year 7 1,919,275 1,383,401
NET CURRENT LIABILITIES (145,581 ) (241,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES (66,589 ) (107,938 )

CAPITAL AND RESERVES
Called up share capital 8 140 140
Share premium 249,960 249,960
Retained earnings (316,689 ) (358,038 )
SHAREHOLDERS' FUNDS (66,589 ) (107,938 )

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

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

The directors acknowledge their 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.

COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

BALANCE SHEET - continued
31 MARCH 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





R J Haynes - Director


COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Collection Pot 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 made up of commission and processing fees charged on contributions, these are recognised on the date collections are transacted on the website, being the date the Company's obligation of processing the collection is satisfied.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 228,688
Additions 11,427
At 31 March 2023 240,115
AMORTISATION
At 1 April 2022 100,207
Charge for year 71,049
At 31 March 2023 171,256
NET BOOK VALUE
At 31 March 2023 68,859
At 31 March 2022 128,481

COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Computer
and
office
equipment
£   
COST
At 1 April 2022 6,873
Additions 8,080
At 31 March 2023 14,953
DEPRECIATION
At 1 April 2022 1,776
Charge for year 3,044
At 31 March 2023 4,820
NET BOOK VALUE
At 31 March 2023 10,133
At 31 March 2022 5,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,068,241 1,097,035
Directors' current accounts 2,446 -
1,070,687 1,097,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,339 8,316
Taxation and social security 48,400 10,690
Other creditors 1,817,375 1,134,986
Directors' current accounts 52,161 229,409
1,919,275 1,383,401

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
139,683 Share capital 2 0.1p 140 140

COLLECTION POT LIMITED (REGISTERED NUMBER: 10554265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. POST BALANCE SHEET EVENTS

On 17th April 2023, the company became a wholly owned subsidiary of Collection Pot Holdings Limited (company number 14346788) whose registered office is 22-24 Harborough Road, Kingsthorpe, Northampton, NN2 7AZ. Each of the existing shareholders of the company exchanged their shares for an equivalent number of newly issued shares in the Holding company.