Silverfin false false 31/12/2023 01/01/2023 31/12/2023 C Collins 25/09/2018 18 September 2024 The principal activity of the Company during the financial year was the design and manufacture of 3D printed components. 11587585 2023-12-31 11587585 bus:Director1 2023-12-31 11587585 2022-12-31 11587585 core:CurrentFinancialInstruments 2023-12-31 11587585 core:CurrentFinancialInstruments 2022-12-31 11587585 core:ShareCapital 2023-12-31 11587585 core:ShareCapital 2022-12-31 11587585 core:RetainedEarningsAccumulatedLosses 2023-12-31 11587585 core:RetainedEarningsAccumulatedLosses 2022-12-31 11587585 core:OtherPropertyPlantEquipment 2022-12-31 11587585 core:OtherPropertyPlantEquipment 2023-12-31 11587585 2023-01-01 2023-12-31 11587585 bus:FilletedAccounts 2023-01-01 2023-12-31 11587585 bus:SmallEntities 2023-01-01 2023-12-31 11587585 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11587585 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11587585 bus:Director1 2023-01-01 2023-12-31 11587585 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 11587585 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 11587585 (England)

COLLINS CREATIONS 3D LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

COLLINS CREATIONS 3D LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

COLLINS CREATIONS 3D LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
COLLINS CREATIONS 3D LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR C Collins
REGISTERED OFFICE Unit 1
Higher Newham Lane
Truro
TR1 2ST
United Kingdom
COMPANY NUMBER 11587585 (England)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
COLLINS CREATIONS 3D LIMITED

BALANCE SHEET

As at 31 December 2023
COLLINS CREATIONS 3D LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,601 7,001
5,601 7,001
Current assets
Stocks 4 1,700 375
Debtors 5 1,251 1,251
Cash at bank and in hand 4,352 8,510
7,303 10,136
Creditors: amounts falling due within one year 6 ( 19,084) ( 34,201)
Net current liabilities (11,781) (24,065)
Total assets less current liabilities (6,180) (17,064)
Net liabilities ( 6,180) ( 17,064)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 6,181 ) ( 17,065 )
Total shareholder's deficit ( 6,180) ( 17,064)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Collins Creations 3D Limited (registered number: 11587585) were approved and authorised for issue by the Director on 18 September 2024. They were signed on its behalf by:

C Collins
Director
COLLINS CREATIONS 3D LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
COLLINS CREATIONS 3D LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Collins Creations 3D Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England. The address of the Company's registered office is Unit 1, Higher Newham Lane, Truro, TR1 2ST, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £6,180. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Government grants

Revenue grants have been received and have been written off to the profit and loss account.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 15,688 15,688
At 31 December 2023 15,688 15,688
Accumulated depreciation
At 01 January 2023 8,687 8,687
Charge for the financial year 1,400 1,400
At 31 December 2023 10,087 10,087
Net book value
At 31 December 2023 5,601 5,601
At 31 December 2022 7,001 7,001

4. Stocks

2023 2022
£ £
Stocks 1,700 375

5. Debtors

2023 2022
£ £
Other debtors 1,251 1,251

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other taxation and social security 5,467 3,192
Other creditors 13,617 31,009
19,084 34,201