1 April 2023 false Taxfiler 2024.5 09499755business:PrivateLimitedCompanyLtd2023-04-012024-03-31 094997552023-03-31 094997552023-04-012024-03-31 09499755business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 09499755business:FilletedAccounts2023-04-012024-03-31 094997552024-03-31 09499755business:Director12023-04-012024-03-31 09499755business:RegisteredOffice2023-04-012024-03-31 094997552023-03-31 09499755core:WithinOneYear2024-03-31 09499755core:WithinOneYear2023-03-31 09499755core:AfterOneYear2024-03-31 09499755core:AfterOneYear2023-03-31 09499755core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09499755core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09499755core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-03-31 09499755core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-03-31 09499755core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09499755core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09499755core:PreviouslyStatedAmount2024-03-31 09499755core:PreviouslyStatedAmount2023-03-31 09499755business:SmallEntities2023-04-012024-03-31 09499755countries:EnglandWales2023-04-012024-03-31 09499755core:LandBuildings2023-04-012024-03-31 09499755core:FurnitureFittings2023-04-012024-03-31 09499755core:ComputerEquipment2023-04-012024-03-31 09499755core:LandBuildings2023-03-31 09499755core:FurnitureFittings2023-03-31 09499755core:ComputerEquipment2023-03-31 09499755core:LandBuildings2024-03-31 09499755core:FurnitureFittings2024-03-31 09499755core:ComputerEquipment2024-03-31 09499755business:OrdinaryShareClass12023-04-012024-03-31 09499755business:OrdinaryShareClass12022-04-012023-03-31 094997552022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
COLLABORATE INDUSTRIES LIMITED Company Information for the year ended 31 March 2024
Director
Allan Grimshaw
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
- 3 -
COLLABORATE INDUSTRIES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
224,993 
37,185 
Current assets
Debtors
94,557 
12,750 
Cash at bank and in hand
165,970 
125,574 
260,527 
138,324 
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)
Net assets
173,127 
19,689 
Capital and reserves
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
- 4 -
COLLABORATE INDUSTRIES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
Turnover
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
Pension costs
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.
- 5 -
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 
Depreciation
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 
Net book value
At 31 March 2024
202,285 
18,945 
3,763 
224,993 
At 31 March 2023
20,680 
14,064 
2,441 
37,185 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
61,450 
10,282 
Accrued income and prepayments
33,107 
2,468 
94,557 
12,750 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,383 
16,475 
Trade creditors
77,090 
8,560 
Taxes and social security
30,737 
16,622 
Other creditors
3,207 
- 
Loans from directors
399 
- 
Accruals
75,963 
65,740 
Deferred income
74,526 
39,900 
276,305 
147,297 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
36,088 
8,523 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
- 6 -
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).
- 7 -