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Company Registration No. 06118605 (England and Wales)
Kognoscenti Ltd Unaudited accounts for the year ended 31 March 2024
Kognoscenti Ltd Unaudited accounts Contents
Page
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Kognoscenti Ltd Company Information for the year ended 31 March 2024
Director
Mr Ravindra Dayantha Joshua
Secretary
Mr Ravindra Dayantha Joshua
Company Number
06118605 (England and Wales)
Registered Office
338 Princess Park Manor Royal Drive London N11 3GX United Kingdom
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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Kognoscenti Ltd Accountants' report
Accountants' report to the director of Kognoscenti Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kognoscenti Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kognoscenti Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kognoscenti Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kognoscenti Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kognoscenti Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kognoscenti Ltd. You consider that Kognoscenti Ltd 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 accounts of Kognoscenti Ltd. 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 accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 30 September 2024
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Kognoscenti Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
909 
1,019 
Investments
173,693 
161,912 
174,602 
162,931 
Current assets
Debtors
538,636 
528,963 
Cash at bank and in hand
11,873 
63,737 
550,509 
592,700 
Creditors: amounts falling due within one year
(307,761)
(307,134)
Net current assets
242,748 
285,566 
Total assets less current liabilities
417,350 
448,497 
Creditors: amounts falling due after more than one year
- 
(12,550)
Provisions for liabilities
Deferred tax
(172)
(193)
Net assets
417,178 
435,754 
Capital and reserves
Called up share capital
1,000 
1 
Profit and loss account
416,178 
435,753 
Shareholders' funds
417,178 
435,754 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr Ravindra Dayantha Joshua Director Company Registration No. 06118605
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Kognoscenti Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Kognoscenti Ltd is a private company, limited by shares, registered in England and Wales, registration number 06118605. The registered office is 338 Princess Park Manor, Royal Drive, London, N11 3GX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Kognoscenti Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
4,400 
At 31 March 2024
4,400 
Depreciation
At 1 April 2023
3,381 
Charge for the year
110 
At 31 March 2024
3,491 
Net book value
At 31 March 2024
909 
At 31 March 2023
1,019 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
161,912 
Fair value adjustments
11,781 
Valuation at 31 March 2024
173,693 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
467 
650 
Amounts falling due after more than one year
Other debtors
538,169 
528,313 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
307,761 
307,134 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
12,550 
9
Transactions with related parties
Included in other debtors is a sum owed of £538,169(2023 - £528,313) from Kognoscenti (Pvt) Ltd as the inter company related transactions.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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