1 September 2023 false No description of principal activity Taxfiler 2024.6 12171016business:PrivateLimitedCompanyLtd2023-09-012024-08-31 121710162023-08-31 121710162023-09-012024-08-31 12171016business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 12171016business:FilletedAccounts2023-09-012024-08-31 121710162024-08-31 12171016business:Director12023-09-012024-08-31 12171016business:RegisteredOffice2023-09-012024-08-31 121710162023-08-31 12171016core:WithinOneYear2024-08-31 12171016core:WithinOneYear2023-08-31 12171016core:AfterOneYear2024-08-31 12171016core:AfterOneYear2023-08-31 12171016core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 12171016core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12171016core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 12171016core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12171016core:PreviouslyStatedAmount2024-08-31 12171016core:PreviouslyStatedAmount2023-08-31 12171016business:SmallEntities2023-09-012024-08-31 12171016countries:EnglandWales2023-09-012024-08-31 12171016core:FurnitureFittings2023-09-012024-08-31 12171016core:ComputerEquipment2023-09-012024-08-31 12171016core:PlantMachinery2023-08-31 12171016core:ComputerEquipment2023-08-31 12171016core:PlantMachinery2023-09-012024-08-31 12171016core:PlantMachinery2024-08-31 12171016core:ComputerEquipment2024-08-31 121710162022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 12171016 (England and Wales)
COLLABOR8TEAMS LTD Unaudited accounts for the year ended 31 August 2024
COLLABOR8TEAMS LTD Unaudited accounts Contents
Page
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COLLABOR8TEAMS LTD Company Information for the year ended 31 August 2024
Director
Edward Froud
Company Number
12171016 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
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COLLABOR8TEAMS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
720 
998 
Current assets
Debtors
12,074 
28,526 
Cash at bank and in hand
18,639 
54,139 
30,713 
82,665 
Creditors: amounts falling due within one year
(5,735)
(24,971)
Net current assets
24,978 
57,694 
Total assets less current liabilities
25,698 
58,692 
Creditors: amounts falling due after more than one year
(10,497)
(12,420)
Net assets
15,201 
46,272 
Capital and reserves
Called up share capital
(100)
(100)
Profit and loss account
15,301 
46,372 
Shareholders' funds
15,201 
46,272 
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 director acknowledges his 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 29 May 2025 and were signed on its behalf by
Edward Froud Director Company Registration No. 12171016
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COLLABOR8TEAMS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
COLLABOR8TEAMS LTD is a private company, limited by shares, registered in England and Wales, registration number 12171016. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, 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.
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:
Fixtures & fittings
33% SL
Computer equipment
33% SL
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
2,595 
1,484 
4,079 
Additions
- 
833 
833 
At 31 August 2024
2,595 
2,317 
4,912 
Depreciation
At 1 September 2023
2,247 
834 
3,081 
Charge for the year
347 
764 
1,111 
At 31 August 2024
2,594 
1,598 
4,192 
Net book value
At 31 August 2024
1 
719 
720 
At 31 August 2023
348 
650 
998 
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COLLABOR8TEAMS LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,985 
Trade debtors
11,236 
24,541 
Other debtors
838 
- 
12,074 
28,526 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,580 
2,580 
Trade creditors
50 
9,550 
Taxes and social security
- 
10,805 
Other creditors
2,216 
1,196 
Loans from directors
889 
840 
5,735 
24,971 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,497 
12,420 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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