IRIS Accounts Production v24.1.0.578 13487839 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134878392022-07-31134878392023-07-31134878392022-08-012023-07-31134878392021-06-30134878392021-07-012022-07-31134878392022-07-3113487839ns15:EnglandWales2022-08-012023-07-3113487839ns14:PoundSterling2022-08-012023-07-3113487839ns10:Director12022-08-012023-07-3113487839ns10:Director22022-08-012023-07-3113487839ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3113487839ns10:SmallEntities2022-08-012023-07-3113487839ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3113487839ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3113487839ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3113487839ns10:AbridgedAccounts2022-08-012023-07-311348783912022-08-012023-07-3113487839ns5:CurrentFinancialInstruments2023-07-3113487839ns5:CurrentFinancialInstruments2022-07-3113487839ns5:ShareCapital2023-07-3113487839ns5:ShareCapital2022-07-3113487839ns5:RetainedEarningsAccumulatedLosses2023-07-3113487839ns5:RetainedEarningsAccumulatedLosses2022-07-3113487839ns10:RegisteredOffice2022-08-012023-07-3113487839ns5:NetGoodwill2022-08-012023-07-3113487839ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3113487839ns5:PlantMachinery2022-08-012023-07-31
REGISTERED NUMBER: 13487839 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

COLLAB MEDIA LIMITED

COLLAB MEDIA LIMITED (REGISTERED NUMBER: 13487839)

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










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


COLLAB MEDIA LIMITED (REGISTERED NUMBER: 13487839)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 9,700 10,900
Tangible assets 5 2,907 1,089
12,607 11,989

CURRENT ASSETS
Debtors 3,428 2,585
Cash at bank 11,097 6,674
14,525 9,259
CREDITORS
Amounts falling due within one year 17,807 18,587
NET CURRENT LIABILITIES (3,282 ) (9,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,325

2,661

PROVISIONS FOR LIABILITIES 552 207
NET ASSETS 8,773 2,454

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,673 2,354
8,773 2,454

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

COLLAB MEDIA LIMITED (REGISTERED NUMBER: 13487839)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:




Mrs E Tompkinson - Director



Mrs S Rees - Director


COLLAB MEDIA LIMITED (REGISTERED NUMBER: 13487839)

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


1. STATUTORY INFORMATION

Collab Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13487839

Registered office: Richard House
Sorbonne Close
Stockton-on-Tees
Cleveland
TS17 6DA

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 represents income from social media management services provided during the period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.


COLLAB MEDIA LIMITED (REGISTERED NUMBER: 13487839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Government grants
Government grants are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2022
and 31 July 2023 12,000
AMORTISATION
At 1 August 2022 1,100
Amortisation for year 1,200
At 31 July 2023 2,300
NET BOOK VALUE

At 31 July 2023 9,700
At 31 July 2022 10,900

COLLAB MEDIA LIMITED (REGISTERED NUMBER: 13487839)

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


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2022 1,195
Additions 2,103
At 31 July 2023 3,298
DEPRECIATION
At 1 August 2022 106
Charge for year 285
At 31 July 2023 391
NET BOOK VALUE
At 31 July 2023 2,907
At 31 July 2022 1,089