Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-31false2022-01-01No description of principal activity1913falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09087499 2022-01-01 2022-12-31 09087499 2021-01-01 2021-12-31 09087499 2022-12-31 09087499 2021-12-31 09087499 2021-01-01 09087499 c:Director1 2022-01-01 2022-12-31 09087499 c:Director2 2022-01-01 2022-12-31 09087499 c:Director3 2022-01-01 2022-12-31 09087499 c:RegisteredOffice 2022-01-01 2022-12-31 09087499 d:OfficeEquipment 2022-01-01 2022-12-31 09087499 d:OfficeEquipment 2022-12-31 09087499 d:OfficeEquipment 2021-12-31 09087499 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09087499 d:ComputerEquipment 2022-01-01 2022-12-31 09087499 d:ComputerEquipment 2022-12-31 09087499 d:ComputerEquipment 2021-12-31 09087499 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09087499 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09087499 d:CurrentFinancialInstruments 2022-12-31 09087499 d:CurrentFinancialInstruments 2021-12-31 09087499 d:Non-currentFinancialInstruments 2022-12-31 09087499 d:Non-currentFinancialInstruments 2021-12-31 09087499 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09087499 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09087499 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09087499 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 09087499 d:ShareCapital 2022-01-01 2022-12-31 09087499 d:ShareCapital 2022-12-31 09087499 d:ShareCapital 2021-01-01 2021-12-31 09087499 d:ShareCapital 2021-12-31 09087499 d:ShareCapital 2021-01-01 09087499 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09087499 d:RetainedEarningsAccumulatedLosses 2022-12-31 09087499 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 09087499 d:RetainedEarningsAccumulatedLosses 2021-12-31 09087499 d:RetainedEarningsAccumulatedLosses 2021-01-01 09087499 c:OrdinaryShareClass1 2022-01-01 2022-12-31 09087499 c:OrdinaryShareClass1 2022-12-31 09087499 c:OrdinaryShareClass1 2021-12-31 09087499 c:OrdinaryShareClass2 2022-01-01 2022-12-31 09087499 c:OrdinaryShareClass2 2022-12-31 09087499 c:OrdinaryShareClass2 2021-12-31 09087499 c:FRS102 2022-01-01 2022-12-31 09087499 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09087499 c:FullAccounts 2022-01-01 2022-12-31 09087499 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09087499










COCENTRIC GROUP LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




















 
COCENTRIC GROUP LIMITED
 
 
Company Information


Directors
M Bornitz 
E Hooper 
R Collins 




Registered number
09087499



Registered office
86-90 Paul Street

London

EC2A 4NE





 
COCENTRIC GROUP LIMITED
Registered number: 09087499

Balance sheet
As at 31 December 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,187
13,291

  
17,187
13,291

Current assets
  

Debtors: amounts falling due within one year
 5 
894,421
679,861

Cash at bank and in hand
  
60,992
410,813

  
955,413
1,090,674

Creditors: amounts falling due within one year
 6 
(1,246,970)
(1,134,588)

Net current liabilities
  
 
 
(291,557)
 
 
(43,914)

Total assets less current liabilities
  
(274,370)
(30,623)

Creditors: amounts falling due after more than one year
 7 
(21,745)
(32,485)

  

Net liabilities
  
(296,115)
(63,108)


Capital and reserves
  

Called up share capital 
 8 
17
17

Profit and loss account
  
(296,132)
(63,125)

  
(296,115)
(63,108)

Page 1

 
COCENTRIC GROUP LIMITED
Registered number: 09087499
    
Balance sheet (continued)
As at 31 December 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Collins
Director

Date: 3 November 2023

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
COCENTRIC GROUP LIMITED
 

Statement of changes in equity
For the Year Ended 31 December 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
17
(63,125)
(63,108)


Comprehensive income for the year

Loss for the year
-
(233,007)
(233,007)
Total comprehensive income for the year
-
(233,007)
(233,007)


Total transactions with owners
-
-
-


At 31 December 2022
17
(296,132)
(296,115)


The notes on pages 4 to 8 form part of these financial statements.


Statement of changes in equity
For the Year Ended 31 December 2021


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2021
15
(430,128)
(430,113)


Comprehensive income for the year

Profit for the year
-
367,003
367,003
Total comprehensive income for the year
-
367,003
367,003

Shares issued during the year
2
-
2


Total transactions with owners
2
-
2


At 31 December 2021
17
(63,125)
(63,108)


The notes on pages 4 to 8 form part of these financial statements.
Page 3

 
COCENTRIC GROUP LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

1.


General information

Azuronaut Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09087499. The registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared under the going concern basis. The directors consider this to be appropriate because the parent company will provide the company with whatever financial support may be necessary in order to enable Cocentric Group Limited to meet its liabilities and commitments as they fall due within at least twelve months from the date of approval of these accounts. 

 
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Research and development

Research and development expenditure is written off against profits in the year in which it is incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
COCENTRIC GROUP LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
50%
straight line
Computer equipment
-
50%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
COCENTRIC GROUP LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2021 - 13).

Page 6

 
COCENTRIC GROUP LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
3,802
26,791
30,593


Additions
1,054
14,051
15,105



At 31 December 2022

4,856
40,842
45,698



Depreciation


At 1 January 2022
1,980
15,322
17,302


Charge for the year on owned assets
1,070
10,139
11,209



At 31 December 2022

3,050
25,461
28,511



Net book value



At 31 December 2022
1,806
15,381
17,187



At 31 December 2021
1,822
11,469
13,291
Page 7

 
COCENTRIC GROUP LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

5.


Debtors

2022
2021
£
£


Trade debtors
612,434
412,915

Other debtors
59,178
14,171

Prepayments and accrued income
27,467
21,496

Tax recoverable
195,342
231,279

894,421
679,861



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
10,739
10,989

Trade creditors
629,539
227,036

Other taxation and social security
41,206
175,767

Other creditors
363,147
329,507

Accruals and deferred income
202,339
391,289

1,246,970
1,134,588



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
21,745
32,485

21,745
32,485



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



15,000 (2021 - 15,000) Ordinary shares shares of £0.001 each
15
15
2,054 (2021 - 2,054) B Ordinary shares shares of £0.001 each
2
2

17

17


Page 8

 
COCENTRIC GROUP LIMITED
 
 
Page 9