2 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05055939 2022-03-01 2023-02-28 05055939 2023-02-28 05055939 2021-03-01 2022-02-28 05055939 2022-02-28 05055939 bus:Director1 2022-03-01 2023-02-28 05055939 core:WithinOneYear 2023-02-28 05055939 core:WithinOneYear 2022-02-28 05055939 core:ShareCapital 2023-02-28 05055939 core:ShareCapital 2022-02-28 05055939 core:RetainedEarningsAccumulatedLosses 2023-02-28 05055939 core:RetainedEarningsAccumulatedLosses 2022-02-28 05055939 bus:Director1 2022-02-28 05055939 bus:Director1 2023-02-28 05055939 bus:Director1 2021-02-28 05055939 bus:Director1 2022-02-28 05055939 bus:Director1 2021-03-01 2022-02-28 05055939 bus:SmallEntities 2022-03-01 2023-02-28 05055939 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05055939 bus:FullAccounts 2022-03-01 2023-02-28 05055939 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 05055939 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 05055939
Cozweb Solutions Limited
Filleted Unaudited Financial Statements
28 February 2023
Cozweb Solutions Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
2,659
Investments
6
342
3,710
Cash at bank and in hand
33,384
44,768
--------
--------
33,726
51,137
Creditors: amounts falling due within one year
7
5,790
4,306
--------
--------
Net current assets
27,936
46,831
--------
--------
Total assets less current liabilities
27,936
46,831
--------
--------
Net assets
27,936
46,831
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
27,836
46,731
--------
--------
Shareholders funds
27,936
46,831
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:
G Cossey
Director
Company registration number: 05055939
Cozweb Solutions Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Government grants
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023
2022
£
£
Other debtors
2,659
----
-------
6. Investments
2023
2022
£
£
Other investments
342
3,710
----
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
4,407
2,706
Other creditors
1,383
1,600
-------
-------
5,790
4,306
-------
-------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
G Cossey
73
23,727
( 23,870)
( 70)
----
--------
--------
----
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
G Cossey
37,031
23,501
( 60,459)
73
--------
--------
--------
----