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REGISTERED NUMBER: 13078380 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cogitat Ltd

Cogitat Ltd (Registered number: 13078380)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cogitat Ltd (Registered number: 13078380)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 29,291 16,293
Tangible assets 5 692 1,665
Investments 6 843 843
30,826 18,801

CURRENT ASSETS
Debtors 7 30,689 37,024
Cash at bank 70,380 101,500
101,069 138,524
CREDITORS
Amounts falling due within one year 8 106,861 57,795
NET CURRENT (LIABILITIES)/ASSETS (5,792 ) 80,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,034

99,530

CAPITAL AND RESERVES
Called up share capital 9 111 111
Share premium 499,975 499,975
Capital redemption reserve 2 2
Retained earnings (475,054 ) (400,558 )
SHAREHOLDERS' FUNDS 25,034 99,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Cogitat Ltd (Registered number: 13078380)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





A Ponniah - Director


Cogitat Ltd (Registered number: 13078380)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cogitat Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13078380

Registered office: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Cogitat Ltd (Registered number: 13078380)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024 16,293
Additions 12,998
At 31 December 2024 29,291
NET BOOK VALUE
At 31 December 2024 29,291
At 31 December 2023 16,293

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 3,140
DEPRECIATION
At 1 January 2024 1,475
Charge for year 973
At 31 December 2024 2,448
NET BOOK VALUE
At 31 December 2024 692
At 31 December 2023 1,665

Cogitat Ltd (Registered number: 13078380)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2024
and 31 December 2024 843
NET BOOK VALUE
At 31 December 2024 843
At 31 December 2023 843

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 29,294 35,576
VAT 1,395 1,448
30,689 37,024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,981 3,251
Tax (1 ) (1 )
Social security and other taxes (531 ) 4,491
Other creditors 362 27
Directors' loan accounts 96,000 45,000
Accruals and deferred income 4,050 5,027
106,861 57,795

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
935,000 Ordinary 0.000 1 94 94
170,239 Series Seed 0.000 1 17 17
111 111