Company registration number 10293268 (England and Wales)
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
COMPANY INFORMATION
Directors
S P Thomas
D E Wilson
Company number
10293268
Registered office
Home Farm
51 Main Street
Houghton On The Hill
Leicestershire
LE7 9GE
Accountants
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF INVENTIVE COGS LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inventive Cogs Limited for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Inventive Cogs Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Inventive Cogs Limited and state those matters that we have agreed to state to the board of directors of Inventive Cogs Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inventive Cogs Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Inventive Cogs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Inventive Cogs Limited. You consider that Inventive Cogs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Inventive Cogs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
27 August 2024
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
BALANCE SHEET
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
4,259
Cash at bank and in hand
89
4,348
Creditors: amounts falling due within one year
4
(539,410)
(543,758)
Net current liabilities
(539,410)
(539,410)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(539,510)
(539,510)
Total equity
(539,410)
(539,410)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
S P Thomas
Director
Company registration number 10293268 (England and Wales)
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
Inventive Cogs Limited is a private company limited by shares incorporated in England and Wales. The registered office is Home Farm, 51 Main Street, Houghton On The Hill, Leicestershire, LE7 9GE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
There are 0 employees because the company is dormant (2023 - 2).
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
4,259
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
539,410
543,758
INVENTIVE COGS LIMITED
FORMERLY KNOWN AS INVENTIVE COGS (CAMPBELL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
50
50
Ordinary B shares of £1 each
50
50
50
50
100
100
100
100