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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
Page
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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
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Collective Concepts Accounting Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
403 
403 
Tangible assets
21,052 
20,531 
21,455 
20,934 
Current assets
Debtors
9,519 
31,547 
Cash at bank and in hand
25,194 
30,815 
34,713 
62,362 
Creditors: amounts falling due within one year
(36,056)
(52,826)
Net current (liabilities)/assets
(1,343)
9,536 
Net assets
20,112 
30,470 
Capital and reserves
Called up share capital
10 
10 
Share premium
19,999 
19,999 
Fair value reserve
97 
97 
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
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Collective Concepts Accounting Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Foreign exchange
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.
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Collective Concepts Accounting Ltd Notes to the Accounts for the year ended 31 August 2024
Going concern
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.
Pension costs
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 
£ 
Cost
At 1 September 2023
403 
At 31 August 2024
403 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
403 
At 31 August 2023
403 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,110 
31,547 
Accrued income and prepayments
499 
- 
Other debtors
910 
- 
9,519 
31,547 
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Collective Concepts Accounting Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,203 
4,049 
Trade creditors
11,259 
4,271 
Taxes and social security
7,564 
8,303 
Other creditors
5,677 
32,118 
Loans from directors
353 
- 
Accruals
- 
4,085 
36,056 
52,826 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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