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REGISTERED NUMBER: 08351158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Cosmo Academic Ltd

Cosmo Academic Ltd (Registered number: 08351158)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cosmo Academic Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Z Wang





REGISTERED OFFICE: 24 Hampshire Terrace
Portsmouth
PO1 2QF





REGISTERED NUMBER: 08351158 (England and Wales)

Cosmo Academic Ltd (Registered number: 08351158)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,283 1,447

CURRENT ASSETS
Debtors 5 11,541 50
Cash at bank 4,439 9,354
15,980 9,404
CREDITORS
Amounts falling due within one year 6 32,794 9,278
NET CURRENT (LIABILITIES)/ASSETS (16,814 ) 126
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,531

)

1,573

CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Retained earnings (65,531 ) (48,427 )
SHAREHOLDERS' FUNDS (15,531 ) 1,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cosmo Academic Ltd (Registered number: 08351158)

Balance Sheet - continued
31 January 2025


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2025 and were signed by:





Z Wang - Director


Cosmo Academic Ltd (Registered number: 08351158)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Cosmo Academic Ltd is a private company, limited by shares, registered in England and Wales, registration number 08351158. The address of its registered office can found on the Company Information page.

The functional and presentational currency of the company is considered to be pounds sterling because that is the currency of the primary economic in which the company operates.

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.

Going concern
The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operation for the foreseeable future. The director, who is the company's major creditor, has confirmed that he will continue to make available such funds as needed by the company and, in particular, will not seek repayment of the amounts currently made available that would otherwise place the company in insolvency.

Based on this information, the director believes that the company will have sufficient resources to enable it to continue in existence for the foreseeable future, this being a period of at least twelve months from the date of approval of these financial statements, and that it is therefore appropriate for these financial statements to be prepared on the going concern basis.

Revenue
Turnover represents amounts receivable by the company for services supplied during the year and is stated net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are high liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

Cosmo Academic Ltd (Registered number: 08351158)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 5,090 10,184 15,274
DEPRECIATION
At 1 February 2024 3,643 10,184 13,827
Charge for year 164 - 164
At 31 January 2025 3,807 10,184 13,991
NET BOOK VALUE
At 31 January 2025 1,283 - 1,283
At 31 January 2024 1,447 - 1,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 4,900 -
Other debtor 50 50
Prepayments and accrued income 6,591 -
11,541 50

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Taxation and social security 640 546
Other creditors 32,154 8,732
32,794 9,278

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
5,000 Ordinary £10 50,000 50,000

8. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £749 (2023 - £702). No contributions (2024 - £Nil) were payable at the balance sheet date.

Cosmo Academic Ltd (Registered number: 08351158)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed to the director was £27,561 (2024 - £4,861).