Cogentix Strategic Solutions Limited
Company Registration No. 10396628 (England And Wales)
Unaudited Financial Statements
Period Ended 31 March 2025
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
30 September 2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
3,835
Tangible assets
5
544
4,379
Current assets
Debtors
6
1,515
14,837
Cash at bank and in hand
6,121
2,794
7,636
17,631
Creditors: amounts falling due within one year
7
(7,497)
(1,170)
Net current assets
139
16,461
Total assets less current liabilities
139
20,840
Provisions for liabilities
(832)
Net assets
139
20,008
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
39
19,908
Total equity
139
20,008
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial Period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 June 2025
D Goadby
Director
Company registration number 10396628 (England and Wales)
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Cogentix Strategic Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, United Kingdom, WA14 2DT.
1.1
Reporting period
This period of accounts is for 18 months, the previous period is for 12 months, therefore they are not comparable.
1.2
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.
1.3
Going concern
The company ceased trading in September 2024. these are the final accounts and have been prepared on a basis other than going concern.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.5
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
fully amortised
1.6
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
fully depreciated
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.7
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include monies held with banks.
1.9
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.11
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2025
2023
Number
Number
Total
2
2
3
Taxation
2025
2023
£
£
Current tax
UK corporation tax on profits for the current period
(1,078)
(437)
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
3
Taxation
2025
2023
£
£
(Continued)
- 6 -
Deferred tax
Origination and reversal of timing differences
(832)
832
Total tax (credit)/charge
(1,910)
395
4
Intangible fixed assets
Website
£
Cost
At 1 October 2023 and 31 March 2025
3,835
Amortisation and impairment
At 1 October 2023
Amortisation charged for the Period
3,835
At 31 March 2025
3,835
Carrying amount
At 31 March 2025
At 30 September 2023
3,835
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 7 -
5
Tangible fixed assets
Computers
£
Cost
At 1 October 2023 and 31 March 2025
5,405
Depreciation and impairment
At 1 October 2023
4,861
Depreciation charged in the Period
544
At 31 March 2025
5,405
Carrying amount
At 31 March 2025
At 30 September 2023
544
6
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
5,495
Corporation tax recoverable
1,515
437
Other debtors
8,905
1,515
14,837
7
Creditors: amounts falling due within one year
2025
2023
£
£
Taxation and social security
359
120
Other creditors
5,968
Accruals and deferred income
1,170
1,050
7,497
1,170
COGENTIX STRATEGIC SOLUTIONS LIMITED
Cogentix Strategic Solutions Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 8 -
8
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
D Goadby -
-
8,905
(14,873)
(5,968)
8,905
(14,873)
(5,968)