Registered number
09528240
Collaborate Design Limited
Filleted Accounts
31 March 2025
Collaborate Design Limited
Registered number: 09528240
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 5,110 5,390
Current assets
Debtors 4 25,948 78,406
Cash at bank and in hand 8,575 34,003
34,523 112,409
Creditors: amounts falling due within one year 5 (22,899) (68,866)
Net current assets 11,624 43,543
Total assets less current liabilities 16,734 48,933
Creditors: amounts falling due after more than one year 6 (6,616) (14,006)
Net assets 10,118 34,927
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,018 34,827
Shareholder's funds 10,118 34,927
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Cefai
Director
Approved by the board on 24 June 2025
Collaborate Design Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery at 25% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 15,713
Additions 3,648
At 31 March 2025 19,361
Depreciation
At 1 April 2024 10,323
Charge for the year 3,928
At 31 March 2025 14,251
Net book value
At 31 March 2025 5,110
At 31 March 2024 5,390
4 Debtors 2025 2024
£ £
Trade debtors 23,927 77,381
Other debtors 2,021 1,025
25,948 78,406
5 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals 1,980 1,890
Bank loans and overdrafts 7,950 8,160
Trade creditors 5,951 8,704
Taxation and social security costs - 21,792
Sundry creditors 911 3,013
Other creditors 6,107 25,307
22,899 68,866
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 6,616 14,006
7 Other information
Collaborate Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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