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Registered Number: 11690109


 

 

 

121.COLLECTIVE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,172    1,146 
1,172    1,146 
Current assets      
Debtors 10,159    2,222 
Cash at bank and in hand 11,991    5,847 
22,150    8,069 
Creditors: amount falling due within one year (9,324)   (6,415)
Net current assets 12,826    1,654 
 
Total assets less current liabilities 13,998    2,800 
Creditors: amount falling due after more than one year (50,016)   (50,016)
Net assets (36,018)   (47,216)
 

Capital and reserves
     
Called up share capital 150    150 
Profit and loss account (36,168)   (47,366)
Shareholders' funds (36,018)   (47,216)
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 January 2025 and were signed on its behalf by:


-------------------------------
Pablo Manuel FEITO BOIRAC
Director
-------------------------------
Salah KRICHEN
Director
-------------------------------
Madoka ELLIS
Director
1
General Information
121.COLLECTIVE LTD is a private company, limited by shares, registered in , registration number 11690109, registration address OFFICE 7, 35-37 LUDGATE HILL , LONDON, EC4M 7JN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Basis of Preparation
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
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 30 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 December 2023 4,234    4,234 
Additions 529    529 
Disposals  
At 30 November 2024 4,763    4,763 
Depreciation
At 01 December 2023 3,088    3,088 
Charge for year 503    503 
On disposals  
At 30 November 2024 3,591    3,591 
Net book values
Closing balance as at 30 November 2024 1,172    1,172 
Opening balance as at 01 December 2023 1,146    1,146 


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