Registered number
06443762
Collaboris Limited
Filleted Accounts
29 February 2024
Collaboris Limited
Registered number: 06443762
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,626 1,626
Tangible assets 4 252 786
1,878 2,412
Current assets
Debtors 5 10,612 1,760
Cash at bank and in hand 40,087 67,225
50,699 68,985
Creditors: amounts falling due within one year 6 (1,767) (891)
Net current assets 48,932 68,094
Net assets 50,810 70,506
Capital and reserves
Called up share capital 124 124
Profit and loss account 50,686 70,382
Shareholders' funds 50,810 70,506
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Carlos Hugo Machado Gata Esperanca
Director
Approved by the board on 31 October 2024
Collaboris Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% straight line
Office equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Trademark:
Cost
At 1 March 2023 1,626
At 29 February 2024 1,626
Amortisation
At 29 February 2024 -
Net book value
At 29 February 2024 1,626
At 28 February 2023 1,626
Trademark is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Office Equipment Computer Equipment Total
£ £ £
Cost
At 1 March 2023 504 3,224 3,728
At 29 February 2024 504 3,224 3,728
Depreciation
At 1 March 2023 263 2,679 2,942
Charge for the year 126 408 534
At 29 February 2024 389 3,087 3,476
Net book value
At 29 February 2024 115 137 252
At 28 February 2023 241 545 786
5 Debtors 2024 2023
£ £
Trade debtors 9,561 -
Other debtors 1,051 1,760
10,612 1,760
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 66 349
Taxation and social security costs 1,701 -
Other creditors - 542
1,767 891
7 Other information
Collaboris Limited is a private company limited by shares and incorporated in England. Its registered office is:
Telford Business Centre
1 Badhan Court
Castle Street
Hadley, Telford
Shropshire TF1 5QX
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