COLLABORATE_LONDON_LIMITE - Accounts

COLLABORATE LONDON LTD - Company Information

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Company Registration No. 06933100 (England and Wales)

COLLABORATE LONDON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

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 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

47,397

29,293

Current assets

Stocks

236,399

99,433

Debtors

498,472

168,088

Cash at bank and in hand

262,791

122,224

997,662

389,745

Creditors: amounts falling due within one year

(857,846)

(266,321)

Net current assets

139,816

123,424

Total assets less current liabilities

187,213

152,717

Provisions for liabilities

(9,479)

177,734

152,717

Capital and reserves

Called up share capital

100

Profit and loss account

177,634

152,617

Shareholders' funds

177,734

152,717

For the financial year ended 30 June 2015 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 10 February 2016

Mr R J Martin

Director

Company Registration No. 06933100

COLLABORATE LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

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 2014

57,692

Additions

33,803

At 30 June 2015

91,495

Depreciation

At 1 July 2014

28,399

Charge for the year

15,699

At 30 June 2015

44,098

Net book value

At 30 June 2015

47,397

At 30 June 2014

29,293

COLLABORATE LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Share capital

2015

2014

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