REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2025 |
for |
Cosmo Academic Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Cosmo Academic Ltd (Registered number: 08351158) |
Balance Sheet |
31 January 2025 |
31.1.25 | 31.1.24 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
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 |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
DEPRECIATION |
At 1 February 2024 |
Charge for year |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 January 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.25 | 31.1.24 |
£ | £ |
Trade debtors |
Other debtor | 50 | 50 |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.25 | 31.1.24 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.25 | 31.1.24 |
value: | £ | £ |
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). |