Cosyfeat Limited 07895901 true 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Holding company Digita Accounts Production Advanced 6.30.9574.0 true Mr Peter Holt Miss Joanna Mary Alexandra Sherren true 07895901 2023-02-01 2024-01-31 07895901 2024-01-31 07895901 core:ShareCapital 2024-01-31 07895901 core:CurrentFinancialInstruments 2024-01-31 07895901 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07895901 core:Goodwill 2024-01-31 07895901 core:LandBuildings 2024-01-31 07895901 bus:FRS102 2023-02-01 2024-01-31 07895901 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07895901 bus:FullAccounts 2023-02-01 2024-01-31 07895901 bus:RegisteredOffice 2023-02-01 2024-01-31 07895901 bus:Director1 2023-02-01 2024-01-31 07895901 bus:Director2 2023-02-01 2024-01-31 07895901 bus:EntityHasNeverTraded 2023-02-01 2024-01-31 07895901 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07895901 core:Goodwill 2023-02-01 2024-01-31 07895901 core:Buildings 2023-02-01 2024-01-31 07895901 countries:EnglandWales 2023-02-01 2024-01-31 07895901 2023-01-31 07895901 core:Goodwill 2023-01-31 07895901 core:LandBuildings 2023-01-31 07895901 2023-01-31 07895901 core:ShareCapital 2023-01-31 07895901 core:CurrentFinancialInstruments 2023-01-31 07895901 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07895901 core:Goodwill 2023-01-31 07895901 core:LandBuildings 2023-01-31 iso4217:GBP

Registration number: 07895901

Cosyfeat Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Cosyfeat Limited

Profit and Loss Account for the Year Ended 31 January 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Cosyfeat Limited

(Registration number: 07895901)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed Assets

 

Intangible assets

3

64,000

64,000

Tangible Assets

4

1,000

1,000

 

65,000

65,000

Creditors: Amounts falling due within one year

(64,998)

(64,998)

Net assets

 

2

2

Capital and Reserves

 

Called up share capital

2

2

Shareholders' funds

 

2

2

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 19 August 2024 and signed on its behalf by:
 

.........................................
Mr Peter Holt
Director

 

Cosyfeat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
England

These financial statements were authorised for issue by the Board on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

nil

 

Cosyfeat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

nil

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Cosyfeat Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

64,000

64,000

At 31 January 2024

64,000

64,000

Amortisation

Carrying amount

At 31 January 2024

64,000

64,000

At 31 January 2023

64,000

64,000

4

Tangible Assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2023

1,000

1,000

At 31 January 2024

1,000

1,000

Depreciation

Carrying amount

At 31 January 2024

1,000

1,000

At 31 January 2023

1,000

1,000

5

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

64,998

64,998