Registered number
12135048
COGENT INSIGHT LIMITED
Financial Accounts
For the Year Ended
31 August 2024
COGENT INSIGHT LIMITED
Company Information
Directors
T.Mudd
A.A.Mudd
Accountants
RJT Accountancy Limited
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
Registered office
Unit 2.3
The Technocentre
Puma Way
Coventry
CV1 2TT
Registered number
12135048
COGENT INSIGHT LIMITED
Registered number: 12135048
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 343
Cash at bank and in hand 89 4,379
89 4,722
Creditors: amounts falling due within one year 4 (5,057) (1,418)
Net current (liabilities)/assets (4,968) 3,304
Total assets less current liabilities (4,968) 3,304
Creditors: amounts falling due after more than one year 5 - (4,160)
Net liabilities (4,968) (856)
Capital and reserves
Called up share capital 2 2
Profit and loss account (4,970) (858)
Shareholder's funds (4,968) (856)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The director's report profit and loss account have not been delivered to the Registrar of Companies.
T.Mudd
Director
Approved by the board on 21 October 2024
COGENT INSIGHT LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities).
Turnover
Turnover is measured at the fair value of the consideration received or receivable and includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised upin completeion of each assignment.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Other debtors - 343
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 1,119
Other creditors 5,057 299
5,057 1,418
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 4,160
6 Controlling party
The company is under the control of T.Mudd.
7 Other information
COGENT INSIGHT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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