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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
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Cogent Networks Ltd Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,757 
28,498 
Current assets
Debtors
16,662 
36,446 
Cash at bank and in hand
242,180 
90,734 
258,842 
127,180 
Creditors: amounts falling due within one year
(168,182)
(79,502)
Net current assets
90,660 
47,678 
Net assets
126,417 
76,176 
Capital and reserves
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
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Cogent Networks Ltd Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 September 2022
31,768 
3,989 
35,757 
At 30 September 2021
22,829 
5,669 
28,498 
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Cogent Networks Ltd Notes to the Accounts for the year ended 30 September 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
63 
63 
Trade debtors
16,599 
36,383 
16,662 
36,446 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
73,091 
- 
Taxes and social security
25,587 
17,644 
Loans from directors
64,763 
58,058 
Accruals
4,741 
3,800 
168,182 
79,502 
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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