Company Registration No. 12261981 (England and Wales)
The Collective Caversham Ltd
Unaudited accounts
for the year ended 31 October 2023
The Collective Caversham Ltd
Unaudited accounts
Contents
The Collective Caversham Ltd
Company Information
for the year ended 31 October 2023
Director
Samantha Anne Smith
Company Number
12261981 (England and Wales)
Registered Office
3 ST. ANNES ROAD
CAVERSHAM
READING
RG4 7PA
ENGLAND
Accountants
Cone Accounting Limited
85 Great Portland Street
First Floor
London
W1W 7LT
The Collective Caversham Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
20,315
23,259
Cash at bank and in hand
21,276
28,161
Creditors: amounts falling due within one year
(20,488)
(16,780)
Net current assets
10,920
27,517
Called up share capital
2
2
Profit and loss account
31,233
50,774
Shareholders' funds
31,235
50,776
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2024 and were signed on its behalf by
Samantha Anne Smith
Director
Company Registration No. 12261981
The Collective Caversham Ltd
Notes to the Accounts
for the year ended 31 October 2023
The Collective Caversham Ltd is a private company, limited by shares, registered in England and Wales, registration number 12261981. The registered office is 3 ST. ANNES ROAD, CAVERSHAM, READING, RG4 7PA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10.00% Straight Line Method
Plant & machinery
20.00% Straight Line Method
Fixtures & fittings
33.33% Straight Line Method
Computer equipment
33.33% Straight Line Method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Collective Caversham Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
8,710
17,954
3,873
3,616
34,153
Additions
3,080
1,193
-
-
4,273
At 31 October 2023
11,790
19,147
3,873
3,616
38,426
At 1 November 2022
1,301
7,691
1,483
419
10,894
Charge for the year
1,022
3,700
1,290
1,205
7,217
At 31 October 2023
2,323
11,391
2,773
1,624
18,111
At 31 October 2023
9,467
7,756
1,100
1,992
20,315
At 31 October 2022
7,409
10,263
2,390
3,197
23,259
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,522
5,009
Taxes and social security
4,695
1,467
Loans from directors
85
64
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 15 (2022: 18).