Cogent Networks Ltd
Company Information
for the year ended 30 September 2022
Directors
Danish Awan
Awais Farooq
Syed Muhammad Waqas Anwer
Company Number
12215764 (England and Wales)
Registered Office
85 Great Portland Street
Fifth Floor
London
W1W 7LT
United Kingdom
Accountants
RNTFS
21 The Homefield
London Road
Morden
SM4 5AS
Cogent Networks Ltd
Statement of financial position
as at 30 September 2022
Tangible assets
35,757
28,498
Cash at bank and in hand
242,180
90,734
Creditors: amounts falling due within one year
(168,182)
(79,502)
Net current assets
90,660
47,678
Called up share capital
300
300
Profit and loss account
126,117
75,876
Shareholders' funds
126,417
76,176
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
Danish Awan
Director
Company Registration No. 12215764
Cogent Networks Ltd
Notes to the Accounts
for the year ended 30 September 2022
Cogent Networks Ltd is a private company, limited by shares, registered in England and Wales, registration number 12215764. The registered office is 85 Great Portland Street, Fifth Floor, London, W1W 7LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2021
28,536
10,493
39,029
Additions
18,308
1,258
19,566
At 30 September 2022
46,844
11,751
58,595
At 1 October 2021
5,707
4,824
10,531
Charge for the year
9,369
2,938
12,307
At 30 September 2022
15,076
7,762
22,838
At 30 September 2022
31,768
3,989
35,757
At 30 September 2021
22,829
5,669
28,498
Cogent Networks Ltd
Notes to the Accounts
for the year ended 30 September 2022
Amounts falling due within one year
Trade debtors
16,599
36,383
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
25,587
17,644
Loans from directors
64,763
58,058
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).