Supporting the initial question. I tried to get the spacing to 5px on the UICollectionView but this does not work, as well with a UIEdgeInsetsMake(0,0,0,0)…

On a UITableView I can do this by directly specifying the x,y coordinates in a row…

Heres my UICollectionView code:

#pragma mark collection view cell layout / size
- (CGSize)collectionView:(UICollectionView*)collectionView layout:(UICollectionViewLayout *)collectionViewLayout sizeForItemAtIndexPath:(NSIndexPath *)indexPath {
    return [self getCellSize:indexPath];  // will be w120xh100 or w190x100
    // if the width is higher, only one image will be shown in a line
}

#pragma mark collection view cell paddings
- (UIEdgeInsets)collectionView:(UICollectionView*)collectionView layout:(UICollectionViewLayout *)collectionViewLayout insetForSectionAtIndex:(NSInteger)section {
    return UIEdgeInsetsMake(0, 0, 0, 0); // top, left, bottom, right
}

- (CGFloat)collectionView:(UICollectionView *)collectionView layout:(UICollectionViewLayout*)collectionViewLayout minimumInteritemSpacingForSectionAtIndex:(NSInteger)section {

    return 5.0;
}

Update: Solved my problem, with the following code.

ViewController.m

#import "ViewController.h"
#import "MagazineCell.h" // created just the default class. 

static NSString * const cellID = @"cellID";

@interface ViewController ()

@end

@implementation ViewController

#pragma mark - Collection view
-(NSInteger)numberOfSectionsInCollectionView:(UICollectionView *)collectionView
{
    return 1;
}
-(NSInteger)collectionView:(UICollectionView *)collectionView numberOfItemsInSection:(NSInteger)section
{
    return 30;
}

-(UICollectionViewCell *)collectionView:(UICollectionView *)collectionView cellForItemAtIndexPath:(NSIndexPath *)indexPath
{
    MagazineCell *mCell = (MagazineCell *)[collectionView dequeueReusableCellWithReuseIdentifier:cellID forIndexPath:indexPath];

    mCell.backgroundColor = [UIColor lightGrayColor];

    return mCell;
}

#pragma mark Collection view layout things
// Layout: Set cell size
- (CGSize)collectionView:(UICollectionView *)collectionView layout:(UICollectionViewLayout*)collectionViewLayout sizeForItemAtIndexPath:(NSIndexPath *)indexPath {

    NSLog(@"SETTING SIZE FOR ITEM AT INDEX %d", indexPath.row);
    CGSize mElementSize = CGSizeMake(104, 104);
    return mElementSize;
}
- (CGFloat)collectionView:(UICollectionView *)collectionView layout:(UICollectionViewLayout*)collectionViewLayout minimumInteritemSpacingForSectionAtIndex:(NSInteger)section {
    return 2.0;
}

- (CGFloat)collectionView:(UICollectionView *)collectionView layout:(UICollectionViewLayout*)collectionViewLayout minimumLineSpacingForSectionAtIndex:(NSInteger)section {
    return 2.0;
}

// Layout: Set Edges
- (UIEdgeInsets)collectionView:
(UICollectionView *)collectionView layout:(UICollectionViewLayout*)collectionViewLayout insetForSectionAtIndex:(NSInteger)section {
   // return UIEdgeInsetsMake(0,8,0,8);  // top, left, bottom, right
    return UIEdgeInsetsMake(0,0,0,0);  // top, left, bottom, right
}

@end