Collaborative Elements Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06309474 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

COLLABORATIVE ELEMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J O'Brien

D O'Brien

REGISTERED OFFICE:

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

REGISTERED NUMBER:

06309474 (England and Wales)

ACCOUNTANTS:

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

FIXED ASSETS

Tangible assets

2

103

136

CURRENT ASSETS

Debtors

492

29,353

Cash at bank

1,399

232

1,891

29,585

CREDITORS

Amounts falling due within one year

52,237

31,064

NET CURRENT LIABILITIES

(50,346

)

(1,479

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,243

)

(1,343

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

(51,243

)

(2,343

)

SHAREHOLDERS' FUNDS

(50,243

)

(1,343

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 April 2017 and were signed on its behalf by:

D O'Brien - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 reducing balance

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

2,298

DEPRECIATION

At 1 August 2015

2,162

Charge for year

33

At 31 July 2016

2,195

NET BOOK VALUE

At 31 July 2016

103

At 31 July 2015

136

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

1,000

Ordinary

£1

1,000

4.	GOING CONCERN

The company will remain a going concern through the continued financial support of it's directors and

shareholder.