Company Registration No. 14158965 (England and Wales)
Collective Concepts Accounting Ltd
Unaudited accounts
for the year ended 31 August 2024
Collective Concepts Accounting Ltd
Unaudited accounts
Contents
Collective Concepts Accounting Ltd
Company Information
for the year ended 31 August 2024
Directors
Mr Chris Barnard
Mrs Georgina Rose Barnard
Company Number
14158965 (England and Wales)
Registered Office
Cca,Sussex Innovation Centre
Science Park Square
Brighton
East Sussex
BN1 9SB
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Collective Concepts Accounting Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
21,052
20,531
Cash at bank and in hand
25,194
30,815
Creditors: amounts falling due within one year
(36,056)
(52,826)
Net current (liabilities)/assets
(1,343)
9,536
Called up share capital
10
10
Share premium
19,999
19,999
Profit and loss account
6
10,364
Shareholders' funds
20,112
30,470
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by
Mr Chris Barnard
Director
Company Registration No. 14158965
Collective Concepts Accounting Ltd
Notes to the Accounts
for the year ended 31 August 2024
Collective Concepts Accounting Ltd is a private company, limited by shares, registered in England and Wales, registration number 14158965. The registered office is Cca,Sussex Innovation Centre, Science Park Square, Brighton, East Sussex, BN1 9SB, United Kingdom.
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 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
Not depreciated
Plant & machinery
33% Straight line method
Fixtures & fittings
33% Straight line method
Computer equipment
33% Straight line method
Other tangible fixed assets
33% Straight line method
Intangible fixed assets - Digital Assets
The Company holds digital assets equal to the amount due to holders of digital securities solely for the purposes of meeting its obligations under the digital securities.
Digital assets are priced on a daily basis based on the amount of the digital assets held using the relevant quoted price, and is considered to be the fair value of the digital assets. Digital assets are included at cost less accumulated amortisation. Subsequent measurement is carried out using the revaluation model.
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.
Collective Concepts Accounting Ltd
Notes to the Accounts
for the year ended 31 August 2024
The financial statement have been prepared on a going concern basis on the grounds that the Directors have confirmed they will continue to support the company.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
5,187
13,061
507
3,717
22,472
Additions
-
1,474
-
5,373
6,847
At 31 August 2024
5,187
14,535
507
9,090
29,319
At 1 September 2023
-
1,360
54
527
1,941
Charge for the year
-
4,505
170
1,651
6,326
At 31 August 2024
-
5,865
224
2,178
8,267
At 31 August 2024
5,187
8,670
283
6,912
21,052
At 31 August 2023
5,187
11,701
453
3,190
20,531
Amounts falling due within one year
Trade debtors
8,110
31,547
Accrued income and prepayments
499
-
Collective Concepts Accounting Ltd
Notes to the Accounts
for the year ended 31 August 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,259
4,271
Taxes and social security
7,564
8,303
Other creditors
5,677
32,118
Loans from directors
353
-
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Average number of employees
During the year the average number of employees was 3 (2023: 2).