2023-03-122024-03-312024-03-31false14723445THE COLLECTIVE LINCS LTD2024-11-2096020iso4217:GBPxbrli:pure147234452023-03-12147234452024-03-31147234452023-03-122024-03-31147234452023-03-11147234452023-03-11147234452023-03-112023-03-1114723445bus:SmallEntities2023-03-122024-03-3114723445bus:AuditExempt-NoAccountantsReport2023-03-122024-03-3114723445bus:FullAccounts2023-03-122024-03-3114723445bus:PrivateLimitedCompanyLtd2023-03-122024-03-3114723445core:WithinOneYear2024-03-3114723445core:AfterOneYear2024-03-3114723445core:WithinOneYear2023-03-1114723445core:AfterOneYear2023-03-1114723445core:ShareCapital2024-03-3114723445core:SharePremium2024-03-3114723445core:RevaluationReserve2024-03-3114723445core:OtherReservesSubtotal2024-03-3114723445core:RetainedEarningsAccumulatedLosses2024-03-3114723445core:ShareCapital2023-03-1114723445core:SharePremium2023-03-1114723445core:RevaluationReserve2023-03-1114723445core:OtherReservesSubtotal2023-03-1114723445core:RetainedEarningsAccumulatedLosses2023-03-1114723445core:LandBuildings2024-03-3114723445core:PlantMachinery2024-03-3114723445core:Vehicles2024-03-3114723445core:FurnitureFittings2024-03-3114723445core:OfficeEquipment2024-03-3114723445core:NetGoodwill2024-03-3114723445core:IntangibleAssetsOtherThanGoodwill2024-03-3114723445core:ListedExchangeTraded2024-03-3114723445core:UnlistedNon-exchangeTraded2024-03-3114723445core:LandBuildings2023-03-1114723445core:PlantMachinery2023-03-1114723445core:Vehicles2023-03-1114723445core:FurnitureFittings2023-03-1114723445core:OfficeEquipment2023-03-1114723445core:NetGoodwill2023-03-1114723445core:IntangibleAssetsOtherThanGoodwill2023-03-1114723445core:ListedExchangeTraded2023-03-1114723445core:UnlistedNon-exchangeTraded2023-03-1114723445core:LandBuildings2023-03-122024-03-3114723445core:PlantMachinery2023-03-122024-03-3114723445core:Vehicles2023-03-122024-03-3114723445core:FurnitureFittings2023-03-122024-03-3114723445core:OfficeEquipment2023-03-122024-03-3114723445core:NetGoodwill2023-03-122024-03-3114723445core:IntangibleAssetsOtherThanGoodwill2023-03-122024-03-3114723445core:ListedExchangeTraded2023-03-122024-03-3114723445core:UnlistedNon-exchangeTraded2023-03-122024-03-3114723445core:MoreThanFiveYears2023-03-122024-03-3114723445core:Non-currentFinancialInstruments2024-03-3114723445core:Non-currentFinancialInstruments2023-03-1114723445dpl:CostSales2023-03-122024-03-3114723445dpl:DistributionCosts2023-03-122024-03-3114723445core:LandBuildings2023-03-122024-03-3114723445core:PlantMachinery2023-03-122024-03-3114723445core:Vehicles2023-03-122024-03-3114723445core:FurnitureFittings2023-03-122024-03-3114723445core:OfficeEquipment2023-03-122024-03-3114723445dpl:AdministrativeExpenses2023-03-122024-03-3114723445core:NetGoodwill2023-03-122024-03-3114723445core:IntangibleAssetsOtherThanGoodwill2023-03-122024-03-3114723445dpl:GroupUndertakings2023-03-122024-03-3114723445dpl:ParticipatingInterests2023-03-122024-03-3114723445dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-122024-03-3114723445core:ListedExchangeTraded2023-03-122024-03-3114723445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-122024-03-3114723445core:UnlistedNon-exchangeTraded2023-03-122024-03-3114723445dpl:CostSales2023-03-112023-03-1114723445dpl:DistributionCosts2023-03-112023-03-1114723445core:LandBuildings2023-03-112023-03-1114723445core:PlantMachinery2023-03-112023-03-1114723445core:Vehicles2023-03-112023-03-1114723445core:FurnitureFittings2023-03-112023-03-1114723445core:OfficeEquipment2023-03-112023-03-1114723445dpl:AdministrativeExpenses2023-03-112023-03-1114723445core:NetGoodwill2023-03-112023-03-1114723445core:IntangibleAssetsOtherThanGoodwill2023-03-112023-03-1114723445dpl:GroupUndertakings2023-03-112023-03-1114723445dpl:ParticipatingInterests2023-03-112023-03-1114723445dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-112023-03-1114723445core:ListedExchangeTraded2023-03-112023-03-1114723445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-112023-03-1114723445core:UnlistedNon-exchangeTraded2023-03-112023-03-1114723445core:NetGoodwill2024-03-3114723445core:IntangibleAssetsOtherThanGoodwill2024-03-3114723445core:LandBuildings2024-03-3114723445core:PlantMachinery2024-03-3114723445core:Vehicles2024-03-3114723445core:FurnitureFittings2024-03-3114723445core:OfficeEquipment2024-03-3114723445core:AfterOneYear2024-03-3114723445core:WithinOneYear2024-03-3114723445core:ListedExchangeTraded2024-03-3114723445core:UnlistedNon-exchangeTraded2024-03-3114723445core:ShareCapital2024-03-3114723445core:SharePremium2024-03-3114723445core:RevaluationReserve2024-03-3114723445core:OtherReservesSubtotal2024-03-3114723445core:RetainedEarningsAccumulatedLosses2024-03-3114723445core:NetGoodwill2023-03-1114723445core:IntangibleAssetsOtherThanGoodwill2023-03-1114723445core:LandBuildings2023-03-1114723445core:PlantMachinery2023-03-1114723445core:Vehicles2023-03-1114723445core:FurnitureFittings2023-03-1114723445core:OfficeEquipment2023-03-1114723445core:AfterOneYear2023-03-1114723445core:WithinOneYear2023-03-1114723445core:ListedExc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THE COLLECTIVE LINCS LTD

Registered Number
14723445
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

THE COLLECTIVE LINCS LTD
Company Information
for the period from 12 March 2023 to 31 March 2024

Director

Charlotte Grace Spencer

Registered Address

109 High Street
Lincoln
LN5 7PY

Registered Number

14723445 (England and Wales)
THE COLLECTIVE LINCS LTD
Balance Sheet as at
31 March 2024

Notes

2024

£

£

Fixed assets
Tangible assets3420
420
Current assets
Debtors21,899
Cash at bank and on hand1,113
23,012
Creditors amounts falling due within one year4(6,029)
Net current assets (liabilities)16,983
Total assets less current liabilities17,403
Net assets17,403
Capital and reserves
Called up share capital1
Profit and loss account17,402
Shareholders' funds17,403
The financial statements were approved and authorised for issue by the Director on 20 November 2024, and are signed on its behalf by:
Charlotte Grace Spencer
Director
Registered Company No. 14723445
THE COLLECTIVE LINCS LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions560560
At 31 March 24560560
Depreciation and impairment
Charge for year140140
At 31 March 24140140
Net book value
At 31 March 24420420
At 11 March 23--
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables666
Taxation and social security3,983
Accrued liabilities and deferred income1,380
Total6,029