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Company Registration No. 12566196 (England and Wales)
Collective Minds Ltd Unaudited accounts for the year ended 30 April 2024
Collective Minds Ltd Unaudited accounts Contents
Page
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Collective Minds Ltd Company Information for the year ended 30 April 2024
Director
Christina Jane Betts
Company Number
12566196 (England and Wales)
Registered Office
Yew Tree Cottage High Street Long Wittenham Abingdon OX14 4QH England
Accountants
bdh Tax Capitol Square 4-6 Church Street Epsom KT17 4NR
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Collective Minds Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
580 
20,518 
Creditors: amounts falling due within one year
28,682 
(10,441)
Net current assets
29,262 
10,077 
Net assets
29,262 
10,077 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,162 
9,977 
Shareholders' funds
29,262 
10,077 
For the year ending 30 April 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 her 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 24 January 2025 and were signed on its behalf by
Christina Jane Betts Director Company Registration No. 12566196
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Collective Minds Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Collective Minds Ltd is a private company, limited by shares, registered in England and Wales, registration number 12566196. The registered office is Yew Tree Cottage High Street, Long Wittenham, Abingdon , OX14 4QH, 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
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,500 
8,560 
Other creditors
942 
1,105 
Loans from directors
(34,124)
776 
(28,682)
10,441 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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