Company registration number 07266590 (England and Wales)
COGO AGENCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
COGO AGENCY LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
COGO AGENCY LIMITED
STATEMENT OF FINANCIAL POSITION
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3,271
3,515
Cash at bank and in hand
1,920
18,940
5,191
22,455
Creditors: amounts falling due within one year
(35,950)
(33,109)
Net current liabilities
(30,759)
(10,654)
Capital and reserves
Called up share capital
3
1
1
Profit and loss reserves
(30,760)
(10,655)
Total equity
(30,759)
(10,654)
For the financial year ended 31 May 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 18 February 2025
Ms E T Buck
Director
Company registration number 07266590 (England and Wales)
COGO AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Cogo Agency Limited is a private company limited by shares incorporated in England and Wales. The registered office is Steepleton House, Shipton Oliffe, Cheltenham, United Kingdom, GL54 4JL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The director has considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements.true
These financial statements have been prepared on the going concern basis, on the understanding that the sole director and shareholder will continue to financially support the company during this uncertain period, by not withdrawing her funding to the detriment of other unsecured creditors and by providing further working capital as required by the company in order to deliver against its latest business plan.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised at the point of invoicing.
1.4
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
COGO AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
4
Related party transactions
Ms E T Buck
Sole director and shareholder
In a previous period Ms Buck loaned the company money as working capital. During the year, she loaned the company further sums. The amount due to the related party at year end was £34,531 (2023: £25,429). The amount is unsecured, interest-free and repayable on demand.