Silverfin false false 31/05/2024 23/05/2023 31/05/2024 Juan David Cardona Burbano 05/07/2023 23/05/2023 Tobias Nesarajah 23/05/2023 14 March 2025 The principal activity of the Company during the financial period was the retail of musical equipment. 14889227 2024-05-31 14889227 bus:Director1 2024-05-31 14889227 bus:Director2 2024-05-31 14889227 core:CurrentFinancialInstruments 2024-05-31 14889227 core:ShareCapital 2024-05-31 14889227 core:RetainedEarningsAccumulatedLosses 2024-05-31 14889227 2023-05-23 2024-05-31 14889227 bus:FilletedAccounts 2023-05-23 2024-05-31 14889227 bus:SmallEntities 2023-05-23 2024-05-31 14889227 bus:AuditExemptWithAccountantsReport 2023-05-23 2024-05-31 14889227 bus:PrivateLimitedCompanyLtd 2023-05-23 2024-05-31 14889227 bus:Director1 2023-05-23 2024-05-31 14889227 bus:Director2 2023-05-23 2024-05-31 iso4217:GBP xbrli:pure

Company No: 14889227 (England and Wales)

DTC COLLECTIVE LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 23 MAY 2023 TO 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

DTC COLLECTIVE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 23 MAY 2023 TO 31 MAY 2024

Contents

DTC COLLECTIVE LTD

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 23 MAY 2023 TO 31 MAY 2024
DTC COLLECTIVE LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 23 MAY 2023 TO 31 MAY 2024
DIRECTOR Juan David Cardona Burbano (Appointed 23 May 2023, Resigned 05 July 2023)
Tobias Nesarajah (Appointed 23 May 2023)
REGISTERED OFFICE C/O Pm+M New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
United Kingdom
COMPANY NUMBER 14889227 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
DTC COLLECTIVE LTD

BALANCE SHEET

AS AT 31 MAY 2024
DTC COLLECTIVE LTD

BALANCE SHEET (continued)

AS AT 31 MAY 2024
31.05.2024
£
Current assets
Stocks 1,125
Debtors 3 968
Cash at bank and in hand 10,781
12,874
Creditors: amounts falling due within one year 4 ( 10,260)
Net current assets 2,614
Total assets less current liabilities 2,614
Net assets 2,614
Capital and reserves
Called-up share capital 100
Profit and loss account 2,514
Total shareholders' funds 2,614

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of DTC Collective Ltd (registered number: 14889227) were approved and authorised for issue by the Director on 14 March 2025. They were signed on its behalf by:

Tobias Nesarajah
Director
DTC COLLECTIVE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 23 MAY 2023 TO 31 MAY 2024
DTC COLLECTIVE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 23 MAY 2023 TO 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

DTC Collective Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Pm+M New Century House, Greenbank Technology Park, Challenge Way, Blackburn, BB1 5QB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements are presented for a period longer than one year due to being the company’s first reporting period. As such, comparative amounts presented in future financial statements (including the related notes) may not be entirely comparable.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials only. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
23.05.2023 to
31.05.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Debtors

31.05.2024
£
Other debtors 968

4. Creditors: amounts falling due within one year

31.05.2024
£
Trade creditors 3,079
Taxation and social security 2,263
Other creditors 4,918
10,260