Company Registration No. 02923843 (England and Wales)
Collective Ink Limited
Unaudited accounts
for the year ended 31 December 2024
Collective Ink Limited
Unaudited accounts
Contents
Collective Ink Limited
Company Information
for the year ended 31 December 2024
Directors
Etan Jonathan Ilfeld
Vicky Hartley
Company Number
02923843 (England and Wales)
Registered Office
SHEPPERTON HOUSE UNIT 11
89-93 SHEPPERTON ROAD
LONDON
N1 3DF
ENGLAND
Accountants
Accountancy Solutions (Winchester) Limited
Trafalgar House
223 Southampton Road
Portchester
Hampshire
PO6 4PY
Collective Ink Limited
Statement of financial position
as at 31 December 2024
Intangible assets
80,728
67,150
Inventories
252,040
222,410
Cash at bank and in hand
15,216
38,217
Creditors: amounts falling due within one year
(550,206)
(336,430)
Net current assets
235,873
445,121
Total assets less current liabilities
336,370
532,296
Creditors: amounts falling due after more than one year
(19,002)
(19,002)
Provisions for liabilities
Deferred tax
(3,044)
(3,044)
Net assets
314,324
510,250
Called up share capital
231,913
231,913
Profit and loss account
82,411
278,337
Shareholders' funds
314,324
510,250
For the year ending 31 December 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 20 September 2025 and were signed on its behalf by
Etan Jonathan Ilfeld
Director
Company Registration No. 02923843
Collective Ink Limited
Notes to the Accounts
for the year ended 31 December 2024
Collective Ink Limited is a private company, limited by shares, registered in England and Wales, registration number 02923843. The registered office is SHEPPERTON HOUSE UNIT 11, 89-93 SHEPPERTON ROAD, LONDON, N1 3DF, 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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future despite the impact of Covid-19 on their sector, which has been negligible, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software 5 years straight line
Collective Ink Limited
Notes to the Accounts
for the year ended 31 December 2024
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
Fixtures, fittings and equipment - 20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Fixed asset investments are stated at cost less provision for diminution in value.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.
Details of the company's subsidiaries at 31/12/2023 are as follows:
Name of undertaking: Kavton Wells Limited
Registered office: UK
Nature of business: Dormant
Class of shares held: Ordinary
% Held Direct: 100.00
The accounts are presented in £ sterling.
Collective Ink Limited
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
For the period under review from 1st January 2023 - 31st December 2023 the directors consider the immediate parent company to be Tendertheory Limited
(Registered office: 6 Cecil Court, London, WC2N 4EZ.).
The directors also considers the ultimate controlling party to be Etan Ilfeld by virtue of his 100% shareholding in Tendertheory Limited.
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Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
87,975
125,691
213,666
At 31 December 2024
87,975
166,941
254,916
At 1 January 2024
87,975
58,541
146,516
Charge for the year
-
27,672
27,672
At 31 December 2024
87,975
86,213
174,188
At 31 December 2024
-
80,728
80,728
At 31 December 2023
-
67,150
67,150
5
Tangible fixed assets
Plant & machinery
At 31 December 2024
11,047
At 31 December 2024
10,280
Collective Ink Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
19,002
Valuation at 31 December 2024
19,002
Finished goods
252,040
222,410
Amounts falling due within one year
Trade debtors
461,736
467,107
Accrued income and prepayments
579
582
Other debtors
47,994
39,658
9
Creditors: amounts falling due within one year
2024
2023
Trade creditors
418,426
295,238
Amounts owed to group undertakings and other participating interests
9,855
40,000
Taxes and social security
4,680
3,947
Loans from directors
120,000
-
10
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
19,002
19,002
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Average number of employees
During the year the average number of employees was 6 (2023: 6).