2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 730 730 152 152 578 xbrli:pure xbrli:shares iso4217:GBP 05055939 2023-03-01 2024-02-29 05055939 2024-02-29 05055939 2023-02-28 05055939 2022-03-01 2023-02-28 05055939 2023-02-28 05055939 2022-02-28 05055939 bus:Director1 2023-03-01 2024-02-29 05055939 core:WithinOneYear 2024-02-29 05055939 core:WithinOneYear 2023-02-28 05055939 core:ShareCapital 2024-02-29 05055939 core:ShareCapital 2023-02-28 05055939 core:RetainedEarningsAccumulatedLosses 2024-02-29 05055939 core:RetainedEarningsAccumulatedLosses 2023-02-28 05055939 bus:Director1 2023-02-28 05055939 bus:Director1 2024-02-29 05055939 bus:Director1 2022-02-28 05055939 bus:Director1 2023-02-28 05055939 bus:Director1 2022-03-01 2023-02-28 05055939 bus:SmallEntities 2023-03-01 2024-02-29 05055939 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05055939 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05055939 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05055939 bus:FullAccounts 2023-03-01 2024-02-29 05055939 core:OfficeEquipment 2023-03-01 2024-02-29 05055939 core:OfficeEquipment 2024-02-29
COMPANY REGISTRATION NUMBER: 05055939
Cozweb Solutions Limited
Filleted Unaudited Financial Statements
29 February 2024
Cozweb Solutions Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
578
Current assets
Investments
6
3
342
Cash at bank and in hand
14,061
33,384
--------
--------
14,064
33,726
Creditors: amounts falling due within one year
7
3,416
5,790
--------
--------
Net current assets
10,648
27,936
--------
--------
Total assets less current liabilities
11,226
27,936
--------
--------
Net assets
11,226
27,936
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
11,126
27,836
--------
--------
Shareholders funds
11,226
27,936
--------
--------
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 29 February 2024 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 23 September 2024 , 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 29 February 2024
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. 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 March 2023
Additions
730
730
----
----
At 29 February 2024
730
730
----
----
Depreciation
At 1 March 2023
Charge for the year
152
152
----
----
At 29 February 2024
152
152
----
----
Carrying amount
At 29 February 2024
578
578
----
----
At 28 February 2023
----
----
6. Investments
2024
2023
£
£
Other investments
3
342
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
2,251
4,407
Other creditors
1,165
1,383
-------
-------
3,416
5,790
-------
-------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
G Cossey
( 70)
16,000
( 15,940)
( 10)
----
--------
--------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
G Cossey
73
23,727
( 23,870)
( 70)
----
--------
--------
----