COLLABORATE_LONDON_LIMITE - Accounts

COLLABORATE LONDON LTD - Company Information

Print Friendly Version

Company Registration No. 06933100 (England and Wales)

COLLABORATE LONDON LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

COLLABORATE LONDON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

COLLABORATE LONDON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

29,293

18,732

Current assets

Stocks

99,433

132,590

Debtors

168,088

215,342

Cash at bank and in hand

122,224

119,534

389,745

467,466

Creditors: amounts falling due within one year

(266,321)

(431,443)

Net current assets

123,424

36,023

Total assets less current liabilities

152,717

54,755

Capital and reserves

Called up share capital

100

Profit and loss account

152,617

54,655

Shareholders' funds

152,717

54,755

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The 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 Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 5 February 2015

R J Martin

Director

Company Registration No. 06933100

COLLABORATE LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Straight line over four years

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 July 2013

37,964

Additions

19,728

At 30 June 2014

57,692

Depreciation

At 1 July 2013

19,232

Charge for the year

9,167

At 30 June 2014

28,399

Net book value

At 30 June 2014

29,293

At 30 June 2013

18,732

COLLABORATE LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

4 Ordinary A Shares of £1 each

32 Ordinary B Shares of £1 each

32 Ordinary C Shares of £1 each

32 Ordinary D Shares of £1 each

100