Registered number
10939569
Collective Travel Limited
Filleted Accounts
31 August 2024
Collective Travel Limited
Registered number: 10939569
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 757 891
Current assets
Debtors 4 - 2,756
Cash at bank and in hand 3,020 12,519
3,020 15,275
Creditors: amounts falling due within one year 5 (6,360) (11,791)
Net current (liabilities)/assets (3,340) 3,484
Total assets less current liabilities (2,583) 4,375
Creditors: amounts falling due after more than one year 6 (8,761) (10,228)
Net liabilities (11,344) (5,853)
Capital and reserves
Called up share capital 10 10
Profit and loss account (11,354) (5,863)
Shareholder's funds (11,344) (5,853)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Robinson
Director
Approved by the board on 13 September 2024
Collective Travel Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
FF&E
£
Cost
At 1 September 2023 1,793
At 31 August 2024 1,793
Depreciation
At 1 September 2023 902
Charge for the year 134
At 31 August 2024 1,036
Net book value
At 31 August 2024 757
At 31 August 2023 891
4 Debtors 2024 2023
£ £
Trade debtors - 2,756
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,500 1,500
Taxation and social security costs 3,224 1,458
Accruals 1,320 1,200
Directors account 316 7,633
6,360 11,791
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,761 10,228
7 Other information
Collective Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
97 High Street
Lees
Oldham
OL4 4LY
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