Company Registration No. 12261981 (England and Wales)
The Collective Caversham Ltd
Unaudited accounts
for the year ended 31 October 2024
The Collective Caversham Ltd
Unaudited accounts
Contents
The Collective Caversham Ltd
Company Information
for the year ended 31 October 2024
Director
Samantha Anne Smith
Company Number
12261981 (England and Wales)
Registered Office
3 ST. ANNES ROAD
CAVERSHAM
READING
RG4 7PA
ENGLAND
Accountants
Cone Accounting Limited
124 City Road
London
EC1V 2NX
The Collective Caversham Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
58,345
20,315
Cash at bank and in hand
20,751
21,276
Creditors: amounts falling due within one year
(35,710)
(20,488)
Net current assets
6,786
10,920
Total assets less current liabilities
65,131
31,235
Creditors: amounts falling due after more than one year
(45,724)
-
Called up share capital
2
2
Profit and loss account
19,405
31,233
Shareholders' funds
19,407
31,235
For the year ending 31 October 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 15 April 2025 and were signed on its behalf by
Samantha Anne Smith
Director
Company Registration No. 12261981
The Collective Caversham Ltd
Notes to the Accounts
for the year ended 31 October 2024
The Collective Caversham Ltd is a private company, limited by shares, registered in England and Wales, registration number 12261981. The registered office is 3 ST. ANNES ROAD, CAVERSHAM, READING, RG4 7PA, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10.00% Straight Line Method
Plant & machinery
20.00% Straight Line Method
Motor vehicles
20.00% Straight Line Method
Fixtures & fittings
33.33% Straight Line Method
Computer equipment
33.33% Straight Line Method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Collective Caversham Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2023
11,790
19,147
-
3,873
3,616
38,426
Additions
-
815
45,183
-
1,160
47,158
Disposals
-
-
-
(450)
(832)
(1,282)
At 31 October 2024
11,790
19,962
45,183
3,423
3,944
84,302
At 1 November 2023
2,323
11,391
-
2,773
1,624
18,111
Charge for the year
1,179
3,889
1,506
1,000
1,084
8,658
On disposals
-
-
-
(350)
(462)
(812)
At 31 October 2024
3,502
15,280
1,506
3,423
2,246
25,957
At 31 October 2024
8,288
4,682
43,677
-
1,698
58,345
At 31 October 2023
9,467
7,756
-
1,100
1,992
20,315
Amounts falling due within one year
Accrued income and prepayments
6,233
-
Other debtors
10,312
4,382
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,136
-
Trade creditors
9,241
3,522
Taxes and social security
2,895
4,695
Loans from directors
89
85
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The Collective Caversham Ltd
Notes to the Accounts
for the year ended 31 October 2024
9
Average number of employees
During the year the average number of employees was 11 (2023: 15).