We Are Collider Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10843499 (England and Wales)

WE ARE COLLIDER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2021

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

M S Baron

R L Dennington

A F Jerges

REGISTERED OFFICE:

White Croft

New Pound Lane

Wisborough Green

West Sussex

RH14 0EF

REGISTERED NUMBER:

10843499 (England and Wales)

ACCOUNTANTS:

Gerald Thomas

Chartered Accountants

3 New Mill Court

Swansea Enterprise Park

Swansea

SA7 9FG

FIXED ASSETS

Intangible assets

4

13,600

17,000

Tangible assets

5

15,777

8,733

29,377

25,733

CURRENT ASSETS

Debtors

6

739,587

407,413

Cash at bank

1,068,544

322,673

1,808,131

730,086

CREDITORS

Amounts falling due within one year

7

919,813

684,815

NET CURRENT ASSETS

888,318

45,271

TOTAL ASSETS LESS CURRENT LIABILITIES

917,695

71,004

PROVISIONS FOR LIABILITIES

4,034

2,386

NET ASSETS

913,661

68,618

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

913,561

68,518

913,661

68,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2022 and were signed on its behalf by:

A F Jerges - Director

R L Dennington - Director

1.	STATUTORY INFORMATION

We Are Collider Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 which 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 if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.

Stocks

Stock values are assessed at each balance sheet date to value at the lower of cost and estimated selling price, with any write down of stocks recognised in the income statement.

Provisions and contingencies

Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

The goodwill has been fully amortised at the balance sheet date.

Other intangible assets

Intangible assets are measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

In preparing the financial statements, the directors have considered the current financial position of the company and likely future cashflows including payments to creditors.

The company has both net current assets and net assets at the balance sheet date. The company has made a profit in the period ended 31 December 2021.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2021

and 31 December 2021

5,000

20,400

25,400

AMORTISATION

At 1 July 2021

5,000

3,400

8,400

Charge for period

-

3,400

3,400

At 31 December 2021

5,000

6,800

11,800

NET BOOK VALUE

At 31 December 2021

-

13,600

13,600

At 30 June 2021

-

17,000

17,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

10,480

Additions

9,551

At 31 December 2021

20,031

DEPRECIATION

At 1 July 2021

1,747

Charge for period

2,507

At 31 December 2021

4,254

NET BOOK VALUE

At 31 December 2021

15,777

At 30 June 2021

8,733

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2021

£

£

Trade debtors

184,865

379,790

Amounts recoverable on contract

30,399

3,754

Other debtors

21,219

98

VAT

471,184

13,141

Accrued income

16,876

8,971

Prepayments

15,044

1,659

739,587

407,413

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2021

£

£

Bank loans and overdrafts

9,000

10,000

Trade creditors

76,693

17,350

Taxation and social security

265,880

29,331

Other creditors

568,240

628,134

919,813

684,815