1 February 2023 v2024.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBPSC7208592023-02-012024-01-31SC7208592024-01-31SC720859core:WithinOneYear2024-01-31SC720859core:RetainedEarningsAccumulatedLosses2024-01-31SC720859bus:Director12023-02-012024-01-31SC720859bus:RegisteredOffice2023-02-012024-01-31SC72085912023-02-012024-01-31SC7208592022-01-252023-01-31SC720859countries:Scotland2023-02-012024-01-31SC720859bus:AuditExemptWithAccountantsReport2023-02-012024-01-31SC720859bus:CompanyLimitedByGuarantee2023-02-012024-01-31SC720859bus:SmallEntities2023-02-012024-01-31SC720859bus:FullAccounts2023-02-012024-01-31
Company registration number:
SC720859
Collegium Services
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
31 January 2024
DBFM
The Stables Studio, Hopetoun House, South Queensferry, West Lothian, EH30 9SL, United Kingdom
Collegium Services
Report to the board of directors on the preparation of the unaudited statutory financial statements of Collegium Services
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Collegium Services
for the year ended
31 January 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the ICAS, I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/​accountspreparationguidance.
This report is made solely to the Board of Directors of
Collegium Services
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Collegium Services
and state those matters that I have agreed to state to the Board of Directors of
Collegium Services
, as a body, in this report in accordance with the requirements of the ICAS as detailed at http://www.icas.com/​accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Collegium Services
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Collegium Services
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Collegium Services
. You consider that
Collegium Services
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Collegium Services. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
DBFM
The Stables Studio
Hopetoun House
South Queensferry
West Lothian
EH30 9SL
United Kingdom
Date:
7 October 2024
Collegium Services
Statement of Financial Position
31 January 2024
20242023
Note££
Current assets    
Cash at bank and in hand
1,644
  -  
Creditors: amounts falling due within one year 6
(600
) -  
Net current assets
1,044
  -  
Total assets less current liabilities 1,044   -  
Capital and reserves    
Profit and loss account
1,044
  -  
Members funds
1,044
  -  
For the year ending
31 January 2024
, 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 year 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.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
7 October 2024
, and are signed on behalf of the board by:
Barry O'Kane
Director
Company registration number:
SC720859
Collegium Services
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by guarantee and is registered in Scotland. The address of the registered office is
272 Bath Street
,
Glasgow
,
G2 4JR
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

4 Limited by guarantee

The company being limited by guarantee has no share capital. In the event of a winding up each member is liable to contribute £1.

5 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

6 Creditors: amounts falling due within one year

20242023
££
Other creditors
600
  -