Company registration number 10767517 (England and Wales)
OUR SOCIAL COLLECTIVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
OUR SOCIAL COLLECTIVE LIMITED
COMPANY INFORMATION
Directors
Mr S D McKenna
Ms S McKenna
Company number
10767517
Registered office
Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
England
NR6 6BB
Accountants
TC Farnell Clarke Limited
Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
England
NR6 6BB
OUR SOCIAL COLLECTIVE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
OUR SOCIAL COLLECTIVE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
24,972
24,972
Debtors
6
92,067
83,933
Cash at bank and in hand
5,660
3,026
122,699
111,931
Creditors: amounts falling due within one year
7
(622,943)
(667,341)
Net current liabilities
(500,244)
(555,410)
Creditors: amounts falling due after more than one year
8
(1,853)
(13,206)
Net liabilities
(502,097)
(568,616)
Capital and reserves
Called up share capital
9
111
111
Profit and loss reserves
(502,208)
(568,727)
Total equity
(502,097)
(568,616)

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 February 2026 and are signed on its behalf by:
Mr S D McKenna
Director
Company registration number 10767517 (England and Wales)
OUR SOCIAL COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Our Social Collective Limited is a private company limited by shares incorporated in England and Wales. The registered office is Evolution House, Iceni Court, Delft Way, Norwich, Norfolk, England, NR6 6BB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
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.

OUR SOCIAL COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -

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:

Development costs
Three years
1.4
Tangible fixed assets

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:

Computers
33% on cost

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.

1.5
Stocks

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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

OUR SOCIAL COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

OUR SOCIAL COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
1
2
4
Intangible fixed assets
Development costs
£
Cost
At 1 June 2024 and 31 May 2025
18,457
Amortisation and impairment
At 1 June 2024 and 31 May 2025
18,457
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
5
Tangible fixed assets
Computers
£
Cost
At 1 June 2024 and 31 May 2025
7,367
Depreciation and impairment
At 1 June 2024 and 31 May 2025
7,367
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
OUR SOCIAL COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
631
-
0
Other debtors
91,119
83,669
Prepayments and accrued income
317
264
92,067
83,933
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,456
10,171
Trade creditors
380
11,927
Corporation tax
-
0
1,500
Other taxation and social security
3,005
54,794
Other creditors
608,809
586,823
Accruals and deferred income
293
2,126
622,943
667,341
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,853
13,206
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
111
111
111
111
2025-05-31 2024-06-01 false false false 25 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr S D McKenna Ms S McKenna 10767517 2024-06-01 2025-05-31 10767517 bus:Director1 2024-06-01 2025-05-31 10767517 bus:Director2 2024-06-01 2025-05-31 10767517 bus:RegisteredOffice 2024-06-01 2025-05-31 10767517 2025-05-31 10767517 2024-05-31 10767517 core:WithinOneYear 2025-05-31 10767517 core:WithinOneYear 2024-05-31 10767517 core:AfterOneYear 2025-05-31 10767517 core:AfterOneYear 2024-05-31 10767517 core:CurrentFinancialInstruments 2025-05-31 10767517 core:CurrentFinancialInstruments 2024-05-31 10767517 core:ShareCapital 2025-05-31 10767517 core:ShareCapital 2024-05-31 10767517 core:RetainedEarningsAccumulatedLosses 2025-05-31 10767517 core:RetainedEarningsAccumulatedLosses 2024-05-31 10767517 core:ShareCapitalOrdinaryShareClass1 2025-05-31 10767517 core:ShareCapitalOrdinaryShareClass1 2024-05-31 10767517 core:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 10767517 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2025-05-31 10767517 core:ComputerEquipment 2024-06-01 2025-05-31 10767517 2023-06-01 2024-05-31 10767517 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 10767517 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-05-31 10767517 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 10767517 core:ComputerEquipment 2024-05-31 10767517 core:ComputerEquipment 2025-05-31 10767517 core:ComputerEquipment 2024-05-31 10767517 core:Non-currentFinancialInstruments 2025-05-31 10767517 core:Non-currentFinancialInstruments 2024-05-31 10767517 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 10767517 bus:OrdinaryShareClass1 2025-05-31 10767517 bus:OrdinaryShareClass1 2024-05-31 10767517 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10767517 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10767517 bus:FRS102 2024-06-01 2025-05-31 10767517 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 10767517 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP