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REGISTERED NUMBER: 09104063 (England and Wales)










Financial Statements

for the Year Ended 30 June 2023

for

Collective Design I D Limited

Collective Design I D Limited (Registered number: 09104063)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Collective Design I D Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr S Mcilwraith





REGISTERED OFFICE: 465 Lobley Hill Road
Gateshead
Tyne and Wear
NE11 0AJ





REGISTERED NUMBER: 09104063 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Collective Design I D Limited (Registered number: 09104063)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,449 21,117

CURRENT ASSETS
Debtors 5 29,842 37,908
Cash at bank 414,005 405,727
443,847 443,635
CREDITORS
Amounts falling due within one year 6 (27,177 ) (15,313 )
NET CURRENT ASSETS 416,670 428,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,119

449,439

RESERVES
Retained earnings 7 435,119 449,439
435,119 449,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





Mr S Mcilwraith - Director


Collective Design I D Limited (Registered number: 09104063)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Collective Design I D 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 - 5% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Collective Design I D Limited (Registered number: 09104063)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 16,638 8,847 25,485
Additions - 1,042 1,042
At 30 June 2023 16,638 9,889 26,527
DEPRECIATION
At 1 July 2022 3,503 865 4,368
Charge for year 3,284 426 3,710
At 30 June 2023 6,787 1,291 8,078
NET BOOK VALUE
At 30 June 2023 9,851 8,598 18,449
At 30 June 2022 13,135 7,982 21,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,763 13,091
Other debtors 4,817 24,817
Directors' current accounts 2,247 -
Tax 3,015 -
29,842 37,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,342 -
Corporation tax 11,142 3,015
Social security and other tax 5,457 2,825
VAT 7,697 7,368
Other creditors 494 373
Directors' current accounts - 764
Accrued expenses 1,045 968
27,177 15,313

7. RESERVES
Retained
earnings
£   

At 1 July 2022 449,439
Profit for the year 31,680
Dividends (46,000 )
At 30 June 2023 435,119