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REGISTERED NUMBER: 13168610 (England and Wales)














Unaudited Financial Statements

for the Period 1 February 2024 to 31 December 2024

for

The Collective Network Limited

The Collective Network Limited (Registered number: 13168610)

Contents of the Financial Statements
for the Period 1 February 2024 to 31 December 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


The Collective Network Limited

Company Information
for the Period 1 February 2024 to 31 December 2024







Directors: T J Fitzjohn
J C Parrott





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: 4b Tesla Court
Innovation Way
Peterborough
Cambridgeshire
PE2 6FL





Registered number: 13168610 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Collective Network Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Collective Network Limited for the period ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Collective Network Limited, as a body, in accordance with the terms of our engagement letter dated 3 February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of The Collective Network Limited and state those matters that we have agreed to state to the Board of Directors of The Collective Network Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Collective Network Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Collective Network Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Collective Network Limited. You consider that The Collective Network Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Collective Network Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


23 April 2025

The Collective Network Limited (Registered number: 13168610)

Statement of Financial Position
31 December 2024

2024 2024
Notes £    £    £   
Fixed assets
Tangible assets 5 12,111 11,518

Current assets
Debtors 6 279,572 257,113
Cash at bank 292,942 405,827
572,514 662,940
Creditors
Amounts falling due within one year 7 150,707 202,245
Net current assets 421,807 460,695
Total assets less current liabilities 433,918 472,213

Provisions for liabilities 3,028 2,880
Net assets 430,890 469,333

Capital and reserves
Called up share capital 9 100 100
Retained earnings 430,790 469,233
Shareholders' funds 430,890 469,333

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

The Collective Network Limited (Registered number: 13168610)

Statement of Financial Position - continued
31 December 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 23 April 2025 and were signed on its behalf by:




T J Fitzjohn - Director



J C Parrott - Director


The Collective Network Limited (Registered number: 13168610)

Notes to the Financial Statements
for the Period 1 February 2024 to 31 December 2024


1. Statutory information

The Collective Network Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery- 20% reducing balance
Office equipment- 20% reducing balance
Computer equipment- 3 years straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets

Taxation
Taxation for the period 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 statement of financial position date.


The Collective Network Limited (Registered number: 13168610)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 December 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
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.

4. Employees and directors

The average number of employees during the period was 14 (2024 - 13 ) .

5. Tangible fixed assets
Plant and Office Computer
machinery equipment equipment Totals
£    £    £    £   
Cost
At 1 February 2024 - 14,081 10,089 24,170
Additions 2,596 - 2,276 4,872
Disposals - - (649 ) (649 )
At 31 December 2024 2,596 14,081 11,716 28,393
Depreciation
At 1 February 2024 - 4,592 8,060 12,652
Charge for period 475 1,737 2,067 4,279
Eliminated on disposal - - (649 ) (649 )
At 31 December 2024 475 6,329 9,478 16,282
Net book value
At 31 December 2024 2,121 7,752 2,238 12,111
At 31 January 2024 - 9,489 2,029 11,518

The Collective Network Limited (Registered number: 13168610)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 December 2024


6. Debtors: amounts falling due within one year
2024 2024
£    £   
Trade debtors 247,436 236,764
Amounts owed by participating interests 840 -
Other debtors 2,300 2,300
Prepayments 28,996 18,049
279,572 257,113

7. Creditors: amounts falling due within one year
2024 2024
£    £   
Trade creditors 33,134 22,129
Amounts owed to group undertakings - 5,000
Corporation tax 48,927 83,525
Social security and other taxes 10,782 16,287
VAT 46,736 68,129
Other creditors 2,496 1,912
Accruals 8,632 5,263
150,707 202,245

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2024
£    £   
Within one year 23,625 9,000
Between one and five years 24,941 9,000
48,566 18,000

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
100 100

10. Ultimate controlling party

The ultimate parent company is TCN Holding Limited which is incorporated in the United Kingdom. The company and its parent company together comprise a small group. .