1 September 2024 false No description of principal activity Taxfiler 2024.6 SC434231 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC434231 2024-08-31 SC434231 2024-09-01 2025-08-31 SC434231 business:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC434231 business:FilletedAccounts 2024-09-01 2025-08-31 SC434231 2025-08-31 SC434231 business:Director1 2024-09-01 2025-08-31 SC434231 business:Director2 2024-09-01 2025-08-31 SC434231 business:RegisteredOffice 2024-09-01 2025-08-31 SC434231 2024-08-31 SC434231 core:WithinOneYear 2025-08-31 SC434231 core:WithinOneYear 2024-08-31 SC434231 core:AfterOneYear 2025-08-31 SC434231 core:AfterOneYear 2024-08-31 SC434231 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 SC434231 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 SC434231 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 SC434231 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 SC434231 core:PreviouslyStatedAmount 2025-08-31 SC434231 core:PreviouslyStatedAmount 2024-08-31 SC434231 business:SmallEntities 2024-09-01 2025-08-31 SC434231 countries:Scotland 2024-09-01 2025-08-31 SC434231 core:MotorVehicles 2024-09-01 2025-08-31 SC434231 core:FurnitureFittings 2024-09-01 2025-08-31 SC434231 core:ComputerEquipment 2024-09-01 2025-08-31 SC434231 core:MotorVehicles 2024-08-31 SC434231 core:FurnitureFittings 2024-08-31 SC434231 core:ComputerEquipment 2024-08-31 SC434231 core:MotorVehicles 2025-08-31 SC434231 core:FurnitureFittings 2025-08-31 SC434231 core:ComputerEquipment 2025-08-31 SC434231 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC434231 (Scotland)
By The Collectives Ltd Unaudited accounts for the year ended 31 August 2025
By The Collectives Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
By The Collectives Ltd Company Information for the year ended 31 August 2025
Directors
Andrew James Gowland Murray Grant
Company Number
SC434231 (Scotland)
Registered Office
2 Fife Interchange North Dunfermline Fife KY11 8EZ Scotland
Accountants
Rebus Bookkeeping and Accountancy Limited Sandygate House Murieston Livingston West Lothian EH54 9AN
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By The Collectives Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
174,474
8,394
Current assets
Debtors
5
101,837
(21,880)
Cash at bank and in hand
109,742
16,905
211,579
(4,975)
Creditors: amounts falling due within one year
6
(269,131)
(31,770)
Net current liabilities
(57,552)
(36,745)
Total assets less current liabilities
116,922
(28,351)
Creditors: amounts falling due after more than one year
7
(45,304)
(7,119)
Provisions for liabilities
Deferred tax
(1,595)
(1,595)
Net assets/(liabilities)
70,023
(37,065)
Capital and reserves
Called up share capital
100
100
Profit and loss account
69,923
(37,165)
Shareholders' funds
70,023
(37,065)
For the year ending 31 August 2025 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 24 December 2025 and were signed on its behalf by
Andrew James Gowland Director Company Registration No. SC434231
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By The Collectives Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
By The Collectives Ltd is a private company, limited by shares, registered in Scotland, registration number SC434231. The registered office is 2 Fife Interchange North, Dunfermline, Fife, KY11 8EZ, Scotland.
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
These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Motor vehicles
Reducing Balance 20%
Fixtures & fittings
Straight Line 25%
Computer equipment
Straight Line 20%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
-
9,217
5,800
15,017
Additions
41,920
93,431
36,416
171,767
At 31 August 2025
41,920
102,648
42,216
186,784
Depreciation
At 1 September 2024
-
3,360
3,263
6,623
Charge for the year
1,397
2,071
2,219
5,687
At 31 August 2025
1,397
5,431
5,482
12,310
Net book value
At 31 August 2025
40,523
97,217
36,734
174,474
At 31 August 2024
-
5,857
2,537
8,394
- 5 -
By The Collectives Ltd Notes to the Accounts for the year ended 31 August 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
48,220
(26,994)
Accrued income and prepayments
1,033
1,381
Other debtors
52,584
3,733
101,837
(21,880)
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,814
9,279
VAT
(11,090)
3,604
Trade creditors
115,720
24,783
Taxes and social security
-
7,276
Other creditors
12,600
12,403
Loans from directors
3
(35,598)
Accruals
12,731
1,700
Deferred income
132,353
8,323
269,131
31,770
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
7,119
Obligations under finance leases and hire purchase contracts
45,304
-
45,304
7,119
8
Average number of employees
During the year the average number of employees was 5 (2024: 2).
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