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REGISTERED NUMBER: 13501972 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Collective Media Group Limited

Collective Media Group Limited (Registered number: 13501972)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collective Media Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Knight
C Mcardle





REGISTERED OFFICE: 39 Long Acre
London
WC2E 9LG





REGISTERED NUMBER: 13501972 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Collective Media Group Limited (Registered number: 13501972)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 495,232 594,411
Tangible assets 5 1,800 4,779
497,032 599,190

CURRENT ASSETS
Debtors 6 206,196 2,597,762
Cash at bank 73,166 513,450
279,362 3,111,212
CREDITORS
Amounts falling due within one year 7 735,999 3,231,826
NET CURRENT LIABILITIES (456,637 ) (120,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,395

478,576

CREDITORS
Amounts falling due after more than
one year

8

1,455,814

1,455,814
NET LIABILITIES (1,415,419 ) (977,238 )

Collective Media Group Limited (Registered number: 13501972)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 97 95
Share premium 133,560 -
Retained earnings (1,549,076 ) (977,333 )
(1,415,419 ) (977,238 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





R J Knight - Director


Collective Media Group Limited (Registered number: 13501972)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Collective Media Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Collective Media Group Limited (Registered number: 13501972)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 692,518
AMORTISATION
At 1 January 2023 98,107
Amortisation for year 99,179
At 31 December 2023 197,286
NET BOOK VALUE
At 31 December 2023 495,232
At 31 December 2022 594,411

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 8,939
DEPRECIATION
At 1 January 2023 4,160
Charge for year 2,979
At 31 December 2023 7,139
NET BOOK VALUE
At 31 December 2023 1,800
At 31 December 2022 4,779

Collective Media Group Limited (Registered number: 13501972)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 163,626 1,255,118
Other debtors 33,839 9,420
Prepayments and accrued income 8,731 1,333,224
206,196 2,597,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 135,000 461,110
Trade creditors 125,050 307,475
Social security and other taxes 108,336 86,738
VAT 6,380 49,193
Other creditors 8,402 5,077
Accruals and deferred income 352,831 2,322,233
735,999 3,231,826

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,455,814 1,455,814