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 2016

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 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

39,323

47,397

Current assets

Stocks

293,730

236,399

Debtors

344,680

498,472

Cash at bank and in hand

93,583

262,791

731,993

997,662

Creditors: amounts falling due within one year

(660,142)

(857,846)

Net current assets

71,851

139,816

Total assets less current liabilities

111,174

187,213

Provisions for liabilities

(6,684)

(9,479)

104,490

177,734

Capital and reserves

Called up share capital

100

Profit and loss account

104,390

177,634

Shareholders' funds

104,490

177,734

For the financial year ended 30 June 2016 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 28 March 2017

Mr R J Martin

Director

Company Registration No. 06933100

COLLABORATE LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 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 January 2015).

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 2015

91,496

Additions

8,868

At 30 June 2016

100,364

Depreciation

At 1 July 2015

44,098

Charge for the year

16,943

At 30 June 2016

61,041

Net book value

At 30 June 2016

39,323

At 30 June 2015

47,397

COLLABORATE LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

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