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REGISTERED NUMBER: 08088267 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Collective Print Management Services Ltd

Collective Print Management Services Ltd (Registered number: 08088267)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collective Print Management Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs C Sidebottom
A D Sidebottom





REGISTERED OFFICE: 8 Hopefield Crescent
Rothwell
Leeds
West Yorkshire
LS26 0GH





REGISTERED NUMBER: 08088267 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Collective Print Management Services Ltd (Registered number: 08088267)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,963 5,762

CURRENT ASSETS
Debtors 5 155,585 86,280
Cash at bank 18,377 21,450
173,962 107,730
CREDITORS
Amounts falling due within one year 6 140,602 95,133
NET CURRENT ASSETS 33,360 12,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,323

18,359

CREDITORS
Amounts falling due after more than one year 7 (8,667 ) (16,000 )

PROVISIONS FOR LIABILITIES (834 ) (1,441 )
NET ASSETS 43,822 918

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,722 818
SHAREHOLDERS' FUNDS 43,822 918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Collective Print Management Services Ltd (Registered number: 08088267)

Balance Sheet - continued
31 May 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





A D Sidebottom - Director


Collective Print Management Services Ltd (Registered number: 08088267)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Collective Print Management Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is represented by net invoiced sales and services relating to the printing and visual displays provided in the normal course of business. Revenue is recognised upon the completion of the service or product where the obligation to pay becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Collective Print Management Services Ltd (Registered number: 08088267)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 4,995 5,679 14,500 4,244 29,418
Additions - 310 22,170 557 23,037
Disposals - - (14,500 ) - (14,500 )
At 31 May 2024 4,995 5,989 22,170 4,801 37,955
DEPRECIATION
At 1 June 2023 2,388 5,454 12,564 3,250 23,656
Charge for year 391 134 5,543 832 6,900
Eliminated on disposal - - (12,564 ) - (12,564 )
At 31 May 2024 2,779 5,588 5,543 4,082 17,992
NET BOOK VALUE
At 31 May 2024 2,216 401 16,627 719 19,963
At 31 May 2023 2,607 225 1,936 994 5,762

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 40,760 58,674
Other debtors 95,723 27,606
136,483 86,280

Collective Print Management Services Ltd (Registered number: 08088267)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS - continued
31.5.24 31.5.23
£    £   
Amounts falling due after more than one year:
Other debtors 19,102 -

Aggregate amounts 155,585 86,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 7,333 8,000
Trade creditors 52,749 55,958
Taxation and social security 39,846 26,935
Other creditors 40,674 4,240
140,602 95,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 8,667 16,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs C Sidebottom and A D Sidebottom
Balance outstanding at start of year 26,089 44,092
Amounts advanced 172,595 95,480
Amounts repaid (111,085 ) (113,483 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,599 26,089

Interest is charged on overdrawn directors loan accounts at the official rate.