0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-29 Sage Accounts Production Advanced 2023 - FRS102_2023 2,092 2,092 241 241 1,851 xbrli:pure xbrli:shares iso4217:GBP 14321988 2022-08-29 2023-11-30 14321988 2023-11-30 14321988 2022-08-28 14321988 bus:OrdinaryShareClass1 2022-08-29 2023-11-30 14321988 bus:Director1 2022-08-29 2023-11-30 14321988 core:WithinOneYear 2023-11-30 14321988 core:ShareCapital 2023-11-30 14321988 core:RetainedEarningsAccumulatedLosses 2023-11-30 14321988 bus:SmallEntities 2022-08-29 2023-11-30 14321988 bus:AuditExemptWithAccountantsReport 2022-08-29 2023-11-30 14321988 bus:SmallCompaniesRegimeForAccounts 2022-08-29 2023-11-30 14321988 bus:PrivateLimitedCompanyLtd 2022-08-29 2023-11-30 14321988 bus:FullAccounts 2022-08-29 2023-11-30 14321988 bus:OrdinaryShareClass1 2023-11-30 14321988 core:OfficeEquipment 2022-08-29 2023-11-30 14321988 core:OfficeEquipment 2023-11-30 14321988 core:OtherRelatedParties 2022-08-29 2023-11-30
COMPANY REGISTRATION NUMBER: 14321988
Collabrii Limited
Filleted Unaudited Financial Statements
30 November 2023
Collabrii Limited
Statement of Financial Position
30 November 2023
30 Nov 23
Note
£
£
Fixed assets
Tangible assets
5
1,851
Current assets
Debtors
6
7,569
Cash at bank and in hand
32,827
--------
40,396
Creditors: amounts falling due within one year
7
34,381
--------
Net current assets
6,015
-------
Total assets less current liabilities
7,866
-------
Net assets
7,866
-------
Capital and reserves
Called up share capital
8
2
Profit and loss account
7,864
-------
Shareholders funds
7,866
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Collabrii Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
Mr S Chudley
Director
Company registration number: 14321988
Collabrii Limited
Notes to the Financial Statements
Period from 29 August 2022 to 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
20% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities for equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
During the period the average number of employees was 2, which consisted of the directors only.
5. Tangible assets
Office equipment
£
Cost
At 29 August 2022
Additions
2,092
-------
At 30 November 2023
2,092
-------
Depreciation
At 29 August 2022
Charge for the period
241
-------
At 30 November 2023
241
-------
Carrying amount
At 30 November 2023
1,851
-------
6. Debtors
30 Nov 23
£
Prepayments and accrued income
7,569
-------
7. Creditors: amounts falling due within one year
30 Nov 23
£
Accruals and deferred income
28,094
Corporation tax
1,394
Social security and other taxes
4,358
Director loan accounts
535
--------
34,381
--------
8. Called up share capital
Issued, called up and fully paid
30 Nov 23
No.
£
Ordinary shares of £ 1 each
2
2
----
----
On incorporation 2 Ordinary shares were issued and paid for at a value of £1 per share.
9. Related party transactions
At the balance sheet date the company owed a director £535 in the form of a loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand. In the period direct costs of £29,529 were incurred with a company with a common director and £8,530 is shown amongst creditors at the balance sheet date. In the period administrative costs of £18,264 were incurred with a related party and £18,264 is shown amongst creditors at the balance sheet date.