2023-03-01 07943802 2024-02-29 07943802 2023-03-01 2024-02-29 07943802 2023-02-28 07943802 2022-03-01 2023-02-28 07943802 uk-core:WithinOneYear 2023-02-28 07943802 uk-core:WithinOneYear 2024-02-29 07943802 uk-core:ShareCapital 2024-02-29 07943802 uk-core:ShareCapital 2023-02-28 07943802 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 07943802 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07943802 uk-bus:Director1 2023-03-01 2024-02-29 07943802 uk-core:PlantMachinery 2023-03-01 2024-02-29 07943802 uk-core:OfficeEquipment 2023-03-01 2024-02-29 07943802 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-29 07943802 uk-core:FurnitureFittings 2023-03-01 2024-02-29 07943802 uk-core:OfficeEquipment 2023-02-28 07943802 uk-core:FurnitureFittings 2023-02-28 07943802 uk-core:CommercialMotorVehicles 2023-02-28 07943802 uk-core:PlantMachinery 2023-02-28 07943802 uk-core:Buildings 2023-02-28 07943802 uk-core:Buildings 2023-03-01 2024-02-29 07943802 uk-core:Buildings 2024-02-29 07943802 uk-core:CommercialMotorVehicles 2024-02-29 07943802 uk-core:FurnitureFittings 2024-02-29 07943802 uk-core:OfficeEquipment 2024-02-29 07943802 uk-core:PlantMachinery 2024-02-29 07943802 uk-core:CostValuation 2023-02-28 07943802 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-02-28 07943802 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-02-29 07943802 uk-core:CostValuation 2024-02-29 07943802 uk-core:Non-currentFinancialInstruments 2024-02-29 07943802 uk-core:Non-currentFinancialInstruments 2023-02-28 iso4217:GBP xbrli:pure 07943802 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07943802 uk-bus:FRS102 2023-03-01 2024-02-29 07943802 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 07943802 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Collective Commercial Ltd
Registered Number:07943802
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Collective Commercial Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07943802
As at 29 February 2024
Collective Commercial Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
278,999
241,048
2
Financial assets
27,200
27,200
3
306,199
268,248
Current assets
Trade and other receivables
8,841
38,316
4
173,113
Cash and cash equivalents
104,600
142,916
181,954
Trade and other payables: amounts falling due within one
year
(95,315)
(87,399)
5
86,639
55,517
Net current assets
Total assets less current liabilities
361,716
354,887
361,716
Net assets
354,887
Capital and reserves
Called up share capital
1
1
Retained earnings
361,715
354,886
361,716
354,887
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Raimondas Biguzas Director
These financial statements were approved and authorised for issue by the Board on 11 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
Collective Commercial Ltd
Notes to the Financial Statements
Statutory Information
Collective Commercial Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07943802.
Principal place of business:
Unit 12, Clipper Park Industrial Estate
Thurrock Park Way
Tilbury
RM18 7HG
Registered address:
5 Chigwell Road
London
E18 1LR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
25 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 29 February 2024
Collective Commercial Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor
vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 March 2023
284,953
3,296
15,074
18,635
6,900
241,048
40,438
-
29,657
-
10,781
-
Additions
At 29 February
2024
241,048
18,635
44,731
3,296
325,391
17,681
Provision for depreciation and impairment
At 01 March 2023
43,905
3,296
15,074
18,635
6,900
-
Charge for year
2,487
-
1,813
-
674
-
At 29 February
2024
46,392
3,296
16,887
18,635
7,574
-
At 29 February
2024
Net book value
241,048
10,107
-
27,844
-
278,999
241,048
-
-
-
-
241,048
At 28 February
2023
3. Investments held as fixed assets
Other investments
Total
At 01 March 2023
27,200
27,200
Cost
£
£
At 29 February 2024
27,200
27,200
At 29 February 2024
Net book value
27,200
27,200
At 01 March 2023
27,200
27,200
4. Trade and other receivables
2023
2024
£
£
Trade debtors
37
8,608
Other debtors
38,279
233
8,841
38,316
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6
For the year ended 29 February 2024
Collective Commercial Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2
(188)
Taxation and social security
433
3,733
Other creditors
86,964
91,770
87,399
95,315
6. Average number of persons employed
During the year the average number of employees was 0
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