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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
Page
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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
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The Collective Caversham Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,315 
23,259 
Current assets
Inventories
5,750 
6,730 
Debtors
4,382 
9,406 
Cash at bank and in hand
21,276 
28,161 
31,408 
44,297 
Creditors: amounts falling due within one year
(20,488)
(16,780)
Net current assets
10,920 
27,517 
Net assets
31,235 
50,776 
Capital and reserves
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
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The Collective Caversham Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Foreign exchange
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
4,382 
9,406 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,590 
9,384 
Trade creditors
3,522 
5,009 
Taxes and social security
4,695 
1,467 
Other creditors
596 
450 
Loans from directors
85 
64 
Accruals
- 
406 
20,488 
16,780 
7
Share capital
2023 
2022 
£ 
£ 
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).
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