COGNITIOUS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
Company Registration Number: 09471989
COGNITIOUS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CONTENTS PAGES
Company information 1
Balance sheet 2
Notes to the financial statements 3 to 5
COGNITIOUS LTD
COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024
DIRECTORS
M S Walker
E L Walker
SECRETARY
The Mgroup Secretarial Services Limited
REGISTERED OFFICE
3 Liscombe South
Liscombe Park
Soulbury
Leighton Buzzard
England
LU7 0JL
COMPANY REGISTRATION NUMBER
09471989 England and Wales
COGNITIOUS LTD
BALANCE SHEET
AS AT 31 AUGUST 2024
Notes 2024 2023
£ £
NET CURRENT ASSETS - -
NET ASSETS - -
CAPITAL AND RESERVES
Called up share capital 100 100
Distributable profit and loss account (100) (100)
SHAREHOLDER'S FUNDS - -
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have 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.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
E L Walker
Director
Date approved by the board: 5 November 2024
COGNITIOUS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 GENERAL INFORMATION
Cognitious Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
3 Liscombe South
Liscombe Park
Soulbury
Leighton Buzzard
England
LU7 0JL
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has not been charged in the year as the assets are fully depreciated.
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
COGNITIOUS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
COGNITIOUS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2024 2023
Average number of employees 2 2
5 TANGIBLE ASSETS
Furniture and fittings
£
Cost
At 1 September 2023 1,700
At 31 August 2024 1,700
Accumulated depreciation and impairments
At 1 September 2023 1,700
At 31 August 2024 1,700
Net book value
At 1 September 2023 -
At 31 August 2024 -
Cognitious Ltd 09471989 true 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts (tagged by user) April 2022 true No description of principal activity 09471989 2022-09-01 2023-08-31 09471989 core:ShareCapital 2023-08-31 09471989 core:RetainedEarningsAccumulatedLosses 2023-08-31 09471989 2023-09-01 2024-08-31 09471989 bus:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 09471989 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09471989 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09471989 bus:Director1 2023-09-01 2024-08-31 09471989 bus:Director2 2023-09-01 2024-08-31 09471989 bus:CompanySecretary1 2023-09-01 2024-08-31 09471989 bus:RegisteredOffice 2023-09-01 2024-08-31 09471989 bus:FRS102 2023-09-01 2024-08-31 09471989 bus:FullAccounts 2023-09-01 2024-08-31 09471989 2024-08-31 09471989 core:ShareCapital 2024-08-31 09471989 core:RetainedEarningsAccumulatedLosses 2024-08-31 09471989 core:FurnitureFittings 2024-08-31 09471989 2023-08-31 09471989 core:FurnitureFittings 2023-08-31 iso4217:GBP xbrli:pure