1 December 2022 false No description of principal activity Taxfiler 2024.5 SC682426business:CompanyLimitedByGuarantee2022-12-012023-11-30 SC6824262022-11-30 SC6824262022-12-012023-11-30 SC682426business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 SC682426business:FilletedAccounts2022-12-012023-11-30 SC6824262023-11-30 SC682426business:Director12022-12-012023-11-30 SC682426business:Director32022-12-012023-11-30 SC682426business:Director42022-12-012023-11-30 SC682426business:Director52022-12-012023-11-30 SC682426business:RegisteredOffice2022-12-012023-11-30 SC6824262022-11-30 SC682426core:WithinOneYear2023-11-30 SC682426core:WithinOneYear2022-11-30 SC682426core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC682426core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC682426core:PreviouslyStatedAmount2023-11-30 SC682426core:PreviouslyStatedAmount2022-11-30 SC682426business:SmallEntities2022-12-012023-11-30 SC682426countries:Scotland2022-12-012023-11-30 SC682426core:ComputerEquipment2022-12-012023-11-30 SC682426core:ComputerEquipment2022-11-30 SC682426core:ComputerEquipment2023-11-30 SC6824262021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC682426 (Scotland)
Collective Text Ltd Unaudited accounts for the year ended 30 November 2023
Collective Text Ltd Unaudited accounts Contents
Page
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Collective Text Ltd Company Information for the year ended 30 November 2023
Directors
Emilia Beatriz Muller-Ginorio Ciaran Alexander Stewart Patamaporn Mx Webster Elliot Andrew Webster-Mockett
Company Number
SC682426 (Scotland)
Registered Office
#307 60-64 OSBORNE STREET GLASGOW G1 5QH SCOTLAND
Accountants
Andrea Mcewen AMS Accounting 3 High Street KIRRIEMUIR ANGUS DD84EY
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Collective Text Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,137 
2,811 
Current assets
Debtors
1,328 
6,342 
Cash at bank and in hand
3,482 
2,311 
4,810 
8,653 
Creditors: amounts falling due within one year
(12,050)
(14,126)
Net current liabilities
(7,240)
(5,473)
Net assets/(liabilities)
3,897 
(2,662)
Reserves
Profit and loss account
3,897 
(2,662)
Members' funds
3,897 
(2,662)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Emilia Beatriz Muller-Ginorio Director Company Registration No. SC682426
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Collective Text Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Collective Text Ltd is a private company, limited by guarantee, registered in Scotland, registration number SC682426. The registered office is #307 60-64 OSBORNE STREET, GLASGOW, G1 5QH, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
5,121 
Additions
10,433 
At 30 November 2023
15,554 
Depreciation
At 1 December 2022
2,310 
Charge for the year
2,107 
At 30 November 2023
4,417 
Net book value
At 30 November 2023
11,137 
At 30 November 2022
2,811 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,328 
6,342 
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Collective Text Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
6,193 
5,881 
Accruals
5,857 
8,245 
12,050 
14,126 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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