Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2024 1 February 2023 false 29 May 2025 1 February 2024 31 January 2025 31 January 2025 04999652 N Cripps J M Coward A Coward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04999652 2024-01-31 04999652 2025-01-31 04999652 2024-02-01 2025-01-31 04999652 frs-core:CurrentFinancialInstruments 2025-01-31 04999652 frs-core:PlantMachinery 2025-01-31 04999652 frs-core:PlantMachinery 2024-02-01 2025-01-31 04999652 frs-core:PlantMachinery 2024-01-31 04999652 frs-core:ShareCapital 2025-01-31 04999652 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04999652 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04999652 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04999652 frs-bus:SmallEntities 2024-02-01 2025-01-31 04999652 frs-bus:Audited 2024-02-01 2025-01-31 04999652 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04999652 frs-bus:Director1 2024-02-01 2025-01-31 04999652 frs-bus:Director2 2024-02-01 2025-01-31 04999652 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 04999652 frs-countries:EnglandWales 2024-02-01 2025-01-31 04999652 2023-01-31 04999652 2024-01-31 04999652 2023-02-01 2024-01-31 04999652 frs-core:CurrentFinancialInstruments 2024-01-31 04999652 frs-core:ShareCapital 2024-01-31 04999652 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04999652
Cogent Electrical Services Limited
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors N Cripps
J M Coward
Secretary A Coward
Company Number 04999652
Registered Office 2nd Floor Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Auditors Jones & Partners Limited
2nd Floor Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Page 1
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Balance Sheet
Registered number: 04999652
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,650 100,153
52,650 100,153
CURRENT ASSETS
Debtors 5 876,711 1,098,148
Cash at bank and in hand 250,126 266,228
1,126,837 1,364,376
Creditors: Amounts Falling Due Within One Year 6 (498,365 ) (764,616 )
NET CURRENT ASSETS (LIABILITIES) 628,472 599,760
TOTAL ASSETS LESS CURRENT LIABILITIES 681,122 699,913
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,162 ) (25,038 )
NET ASSETS 667,960 674,875
CAPITAL AND RESERVES
Called up share capital 7 82 82
Profit and Loss Account 667,878 674,793
SHAREHOLDERS' FUNDS 667,960 674,875
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 29 May 2025 and were signed on its behalf by:
J M Coward
Director
29 May 2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cogent Electrical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04999652 . The registered office is 2nd Floor Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.
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 £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% straight line basis
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2.5. Financial Instruments
Financial assets and liabilities at amortised cost
Financial assets at amortised cost
Financial assets at amortised cost comprise bank balances, trade and most other receivables. Financial assets at amortised cost are initially recognised at the transaction price. After initial measurement, these instruments are subsequently carried at amortised cost.
Financial assets at amortised cost are included in current assets.
Financial liabilities at amortised cost
Financial liabilities at amortised cost comprise trade creditors. Financial liabilities at amortised cost are initially recognised at the transaction price. After initial measurement, these instruments are subsequently measured at amortised cost.
A financial liability is derecognised when it is extinguished, discharged, cancelled or expired.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 13)
13 13
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2024 190,993
Additions 18,310
Disposals (117,760 )
As at 31 January 2025 91,543
Depreciation
As at 1 February 2024 90,840
Provided during the period 18,489
Disposals (70,436 )
As at 31 January 2025 38,893
Net Book Value
As at 31 January 2025 52,650
As at 1 February 2024 100,153
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 603,071 508,670
Amounts recoverable on contracts 25,274 144,912
Other debtors 248,366 444,566
876,711 1,098,148
The company has deposited £510 with the London Borough of Hammersmith & Fulham as security for rent and performance of covenants under the lease dated 14 May 2004. The above is included in prepayments.
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 320,318 296,923
Other creditors 88,671 426,009
Taxation and social security 89,376 41,684
498,365 764,616
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 82 82
8. Pension Commitments
The company makes contributions into a recognised UK defined contribution pension scheme which is an independently administered scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £33,560 (2024: £37,160). Contributions totalling £333 (2024: £333) were payable to the fund at the year end and are included in creditors.
9. Audit Information
The auditor's report on the accounts of Cogent Electrical Services Limited for the year ended 31 January 2025 was unqualified.
The auditor's report was signed by Jeffrey Lishak (Senior Statutory Auditor) for and on behalf of Jones & Partners Limited , Statutory Auditor.
Jones & Partners Limited
2nd Floor Butler House
177-178 Tottenham Court Road
London
W1T 7AF
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