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REGISTERED NUMBER: 05633318 (England and Wales)















Cohesive Communications (Holdings)
Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Cohesive Communications (Holdings)
Limited (Registered number: 05633318)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Cohesive Communications (Holdings)
Limited

Company Information
for the Year Ended 31 October 2023







Directors: M Waite
A Williams





Registered office: TramshedTech
Unit 2.1 Griffin Place
High Street
Newport
NP20 1FX





Registered number: 05633318 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Cohesive Communications (Holdings)
Limited (Registered number: 05633318)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
Fixed assets
Intangible assets 4 215,000 246,750
Property, plant and equipment 5 2,422 -
Investments 6 598,538 598,538
815,960 845,288

Current assets
Debtors 7 86,321 181,480
Cash at bank and in hand 86,016 88,102
172,337 269,582
Creditors
Amounts falling due within one year 8 (756,182 ) (877,425 )
Net current liabilities (583,845 ) (607,843 )
Total assets less current liabilities 232,115 237,445

Provisions for liabilities 9 (187 ) -
Net assets 231,928 237,445

Capital and reserves
Called up share capital 187,500 187,500
Capital redemption reserve 6,250 6,250
Retained earnings 38,178 43,695
Shareholders' funds 231,928 237,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




A Williams - Director


Cohesive Communications (Holdings)
Limited (Registered number: 05633318)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. Statutory information

Cohesive Communications (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The amortisation period of the goodwill is 20 years which in the directors opinion, reflects the finite life of the asset.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost and 20% on cost
Fixtures and fittings - 33% on cost

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Cohesive Communications (Holdings)
Limited (Registered number: 05633318)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2022
and 31 October 2023 635,000
Amortisation
At 1 November 2022 388,250
Amortisation for year 31,750
At 31 October 2023 420,000
Net book value
At 31 October 2023 215,000
At 31 October 2022 246,750

5. Property, plant and equipment
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 November 2022 24,032 11,613 35,645
Additions 3,633 - 3,633
At 31 October 2023 27,665 11,613 39,278
Depreciation
At 1 November 2022 24,032 11,613 35,645
Charge for year 1,211 - 1,211
At 31 October 2023 25,243 11,613 36,856
Net book value
At 31 October 2023 2,422 - 2,422
At 31 October 2022 - - -

Cohesive Communications (Holdings)
Limited (Registered number: 05633318)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. Fixed asset investments
Other
investments
£   
Cost
At 1 November 2022
and 31 October 2023 598,538
Net book value
At 31 October 2023 598,538
At 31 October 2022 598,538

The fixed asset investment relates to the 100% ownership of Cohesive Communications Limited.

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 82,130 163,118
Other debtors 846 4,000
Directors' current accounts 2,287 2,507
Deferred tax asset
Accelerated capital allowances - 363
Prepayments 1,058 11,492
86,321 181,480

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 40,865 57,473
Tax 55,379 38,442
Social security and other taxes 4,195 1,569
VAT 5,127 2,538
Other creditors 2,368 6,476
Amounts owed to group
undertakings 599,126 599,126
Directors' current accounts 1,702 545
Accruals and deferred income 47,420 171,256
756,182 877,425

9. Provisions for liabilities
2023
£   
Deferred tax
Accelerated capital allowances 187

Deferred
tax
£   
Balance at 1 November 2022 (363 )
Provided during year 550
Balance at 31 October 2023 187

Cohesive Communications (Holdings)
Limited (Registered number: 05633318)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
M Waite
Balance outstanding at start of year 2,507 (281 )
Amounts advanced 93 3,100
Amounts repaid (313 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,287 2,507

11. Related party disclosures

Included within creditors falling due within one year is a loan from a Cohesive Communications Limited, a company related by common directors. No interest is payable on the loan.