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REGISTERED NUMBER: SC406535 (Scotland)












Financial Statements for the Year Ended 31 August 2023

for

ABERDEEN HUMAN FACTORS LTD
TRADING AS
KOGNIVATE

ABERDEEN HUMAN FACTORS LTD (REGISTERED NUMBER: SC406535)
TRADING AS KOGNIVATE






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABERDEEN HUMAN FACTORS LTD
TRADING AS KOGNIVATE

Company Information
for the Year Ended 31 August 2023







DIRECTOR: J Dempsey





REGISTERED OFFICE: Old Boghead Steading
Rothienorman
Aberdeenshire
AB51 8UP





REGISTERED NUMBER: SC406535 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

ABERDEEN HUMAN FACTORS LTD (REGISTERED NUMBER: SC406535)
TRADING AS KOGNIVATE

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,975 659

CURRENT ASSETS
Debtors 5 107 -
Cash at bank 49,193 76,858
49,300 76,858
CREDITORS
Amounts falling due within one year 6 12,474 26,190
NET CURRENT ASSETS 36,826 50,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,801

51,327

CREDITORS
Amounts falling due after more than one
year

7

-

13,667
NET ASSETS 38,801 37,660

CAPITAL AND RESERVES
Called up share capital 11 11
Share premium 198 198
Retained earnings 38,592 37,451
SHAREHOLDERS' FUNDS 38,801 37,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABERDEEN HUMAN FACTORS LTD (REGISTERED NUMBER: SC406535)
TRADING AS KOGNIVATE

Balance Sheet - continued
31 August 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





J Dempsey - Director


ABERDEEN HUMAN FACTORS LTD (REGISTERED NUMBER: SC406535)
TRADING AS KOGNIVATE

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Aberdeen Human Factors Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ABERDEEN HUMAN FACTORS LTD (REGISTERED NUMBER: SC406535)
TRADING AS KOGNIVATE

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 439 - 660 1,099
Additions - 1,040 1,300 2,340
Disposals - - (660 ) (660 )
At 31 August 2023 439 1,040 1,300 2,779
DEPRECIATION
At 1 September 2022 110 - 330 440
Charge for year 110 259 325 694
Eliminated on disposal - - (330 ) (330 )
At 31 August 2023 220 259 325 804
NET BOOK VALUE
At 31 August 2023 219 781 975 1,975
At 31 August 2022 329 - 330 659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 107 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 4,000
Taxation and social security 6,095 8,750
Other creditors 6,379 13,440
12,474 26,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 13,667

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,764 were paid to the director .

ABERDEEN HUMAN FACTORS LTD (REGISTERED NUMBER: SC406535)
TRADING AS KOGNIVATE

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. RELATED PARTY DISCLOSURES - continued

The company was under the control of J Dempsey throughout the current and previous year.

During the year the company repaid the director net amounts totalling £5,882. As at 31 August 2023 included within other creditors is a balance of £5,674 (2022 - £11,556) in respect of the directors loan account. No interest was paid on this loan.