Company Registration No. 09499755 (England and Wales)
COLLABORATE INDUSTRIES LIMITED
Unaudited accounts
for the year ended 31 March 2024
COLLABORATE INDUSTRIES LIMITED
Unaudited accounts
Contents
COLLABORATE INDUSTRIES LIMITED
Company Information
for the year ended 31 March 2024
Company Number
09499755 (England and Wales)
Registered Office
STEWARD HOUSE, 14 COMMERCIAL WAY
WOKING
SURREY
GU21 6ET
ENGLAND
Accountants
Tanners Tax Accountants
Steward House
14 Commercial Way
Woking
Surrey
GU21 6ET
COLLABORATE INDUSTRIES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
224,993
37,185
Cash at bank and in hand
165,970
125,574
Creditors: amounts falling due within one year
(276,305)
(147,297)
Net current liabilities
(15,778)
(8,973)
Total assets less current liabilities
209,215
28,212
Creditors: amounts falling due after more than one year
(36,088)
(8,523)
Called up share capital
50
50
Capital redemption reserve
50
50
Profit and loss account
173,027
19,589
Shareholders' funds
173,127
19,689
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 9 October 2024 and were signed on its behalf by
Allan Grimshaw
Director
Company Registration No. 09499755
COLLABORATE INDUSTRIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
COLLABORATE INDUSTRIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09499755. The registered office is STEWARD HOUSE, 14 COMMERCIAL WAY, WOKING, SURREY, GU21 6ET, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
over lease term
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
COLLABORATE INDUSTRIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
123,990
40,601
11,097
175,688
Additions
193,444
10,142
2,138
205,724
At 31 March 2024
317,434
50,743
13,235
381,412
At 1 April 2023
103,310
26,537
8,656
138,503
Charge for the year
11,839
5,261
816
17,916
At 31 March 2024
115,149
31,798
9,472
156,419
At 31 March 2024
202,285
18,945
3,763
224,993
At 31 March 2023
20,680
14,064
2,441
37,185
Amounts falling due within one year
Trade debtors
61,450
10,282
Accrued income and prepayments
33,107
2,468
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
77,090
8,560
Taxes and social security
30,737
16,622
Loans from directors
399
-
Deferred income
74,526
39,900
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
36,088
8,523
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
COLLABORATE INDUSTRIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).