Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true1falseNo description of principal activity12023-05-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14032906 2023-05-01 2024-04-30 14032906 2022-05-01 2023-04-30 14032906 2024-04-30 14032906 2023-04-30 14032906 c:Director1 2023-05-01 2024-04-30 14032906 d:ComputerEquipment 2023-05-01 2024-04-30 14032906 d:ComputerEquipment 2024-04-30 14032906 d:ComputerEquipment 2023-04-30 14032906 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14032906 d:CurrentFinancialInstruments 2024-04-30 14032906 d:CurrentFinancialInstruments 2023-04-30 14032906 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14032906 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14032906 d:ShareCapital 2024-04-30 14032906 d:ShareCapital 2023-04-30 14032906 d:RetainedEarningsAccumulatedLosses 2024-04-30 14032906 d:RetainedEarningsAccumulatedLosses 2023-04-30 14032906 c:OrdinaryShareClass1 2023-05-01 2024-04-30 14032906 c:OrdinaryShareClass1 2024-04-30 14032906 c:OrdinaryShareClass1 2023-04-30 14032906 c:FRS102 2023-05-01 2024-04-30 14032906 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14032906 c:FullAccounts 2023-05-01 2024-04-30 14032906 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14032906 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14032906









THE GLOBAL COLLECTIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
THE GLOBAL COLLECTIVE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
THE GLOBAL COLLECTIVE LIMITED
REGISTERED NUMBER: 14032906

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
1,141
-

  
1,141
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
524

Bank and cash balances
  
1,202
70

  
1,202
594

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(57,122)
(34,430)

Net liabilities
  
(54,779)
(33,836)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(54,879)
(33,936)

  
(54,779)
(33,836)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2024.




Stacy Idema
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
THE GLOBAL COLLECTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales. The
address of its registered office is Savoy House, Savoy Circus, London, England, W3 7DA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director has indicated her willingness to support the Company so as to enable it to meet its liabilities as and when they fall due.  In view of this, the director considers it appropriate to adopt a going concern basis in preparing these financial statements. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
THE GLOBAL COLLECTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
Over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty
on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 

  
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans to/from banks and
other third parties and related parties.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 3

 
THE GLOBAL COLLECTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,208



At 30 April 2024

1,208



Depreciation


Charge for the period on owned assets
67



At 30 April 2024

67



Net book value



At 30 April 2024
1,141



At 30 April 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
-
524



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,585
7,139

Other taxation and social security
170
-

Other creditors
47,117
24,791

Accruals
6,250
2,500

57,122
34,430


Page 4

 
THE GLOBAL COLLECTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000,000 (2023 - 1,000,000) ordinary shares of £0.00010 each
100
100



8.


Related party transactions

At the reporting date the company owed £47,117 (2023: £24,791) to the director, S Idema.


9.


Controlling party

The company was under the control of S Idema throughout the period.

 
Page 5