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Company Registration No. 11855838 (England and Wales)
Collett Associates Ltd Unaudited accounts for the year ended 31 March 2024
Collett Associates Ltd Unaudited accounts Contents
Page
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Collett Associates Ltd Company Information for the year ended 31 March 2024
Director
M P Collett
Company Number
11855838 (England and Wales)
Registered Office
7 Artisans Dwellings 7 Artisans Dwellings Saffron Walden CB10 1LW England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Collett Associates Ltd Accountants' report
Accountants' report to the director of Collett Associates Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Collett Associates Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Collett Associates Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Collett Associates Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Collett Associates Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Collett Associates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Collett Associates Ltd. You consider that Collett Associates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Collett Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 25 October 2024
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Collett Associates Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,878 
5,058 
Current assets
Debtors
8,106 
6,328 
Cash at bank and in hand
9 
2,368 
8,115 
8,696 
Creditors: amounts falling due within one year
(34,313)
(13,036)
Net current liabilities
(26,198)
(4,340)
Total assets less current liabilities
(24,320)
718 
Creditors: amounts falling due after more than one year
(2,000)
(2,000)
Net liabilities
(26,320)
(1,282)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(26,321)
(1,283)
Shareholders' funds
(26,320)
(1,282)
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 25 October 2024 and were signed on its behalf by
M P Collett Director Company Registration No. 11855838
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Collett Associates Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Collett Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 11855838. The registered office is 7 Artisans Dwellings, 7 Artisans Dwellings, Saffron Walden, CB10 1LW, 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.
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
33.33 % Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
10,089 
At 31 March 2024
10,089 
Depreciation
At 1 April 2023
5,031 
Charge for the year
3,180 
At 31 March 2024
8,211 
Net book value
At 31 March 2024
1,878 
At 31 March 2023
5,058 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,600 
183 
Trade debtors
6,506 
6,145 
8,106 
6,328 
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Collett Associates Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
33,454 
12,480 
Accruals
859 
556 
34,313 
13,036 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,000 
2,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M P Collett
Director Loan Account
(12,482)
(90,477)
(69,505)
(33,454)
(12,482)
(90,477)
(69,505)
(33,454)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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