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REGISTERED NUMBER: 13823151 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Collective Flooring Ltd

Collective Flooring Ltd (Registered number: 13823151)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Collective Flooring Ltd

Company Information
for the Year Ended 31 December 2023







Director: J E Harford





Secretary: L L Harford





Registered office: 80 St. Helens Road
Rainford
St. Helens
WA11 7QP





Registered number: 13823151 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Collective Flooring Ltd (Registered number: 13823151)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 44,476 10,279

Current assets
Stocks 1,575 1,500
Debtors 5 157,773 143,732
Cash at bank 167,426 12,488
326,774 157,720
Creditors
Amounts falling due within one year 6 177,613 148,687
Net current assets 149,161 9,033
Total assets less current liabilities 193,637 19,312

Provisions for liabilities 7 11,119 2,570
Net assets 182,518 16,742

Capital and reserves
Called up share capital 1 1
Retained earnings 182,517 16,741
Shareholders' funds 182,518 16,742

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

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

Collective Flooring Ltd (Registered number: 13823151)

Statement of Financial Position - continued
31 December 2023


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 1 August 2024 and were signed by:





J E Harford - Director


Collective Flooring Ltd (Registered number: 13823151)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Collective Flooring Ltd 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Collective Flooring Ltd (Registered number: 13823151)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 555 9,040 2,000 1,505 13,100
Additions 4,167 - 43,244 432 47,843
Disposals - - (2,000 ) - (2,000 )
At 31 December 2023 4,722 9,040 43,244 1,937 58,943
Depreciation
At 1 January 2023 111 1,808 400 502 2,821
Charge for year 944 1,808 8,649 645 12,046
Eliminated on disposal - - (400 ) - (400 )
At 31 December 2023 1,055 3,616 8,649 1,147 14,467
Net book value
At 31 December 2023 3,667 5,424 34,595 790 44,476
At 31 December 2022 444 7,232 1,600 1,003 10,279

5. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade debtors 38,127 84,586
Other debtors 119,646 59,146
157,773 143,732

Collective Flooring Ltd (Registered number: 13823151)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade creditors 12,282 49,870
Taxation and social security 92,348 35,022
Other creditors 72,983 63,795
177,613 148,687

7. Provisions for liabilities
31/12/23 31/12/22
£    £   
Deferred tax 11,119 2,570

Deferred
tax
£   
Balance at 1 January 2023 2,570
Charge to Income Statement during year 8,549
Balance at 31 December 2023 11,119

8. Related party disclosures

The director has made loans to the company. The balance on these loans at 31 December 2023 was £22,901 (2022 - £40,699). These loans are interest-free and repayable on demand.