Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.16falsefalseNo description of principal activity15truetrue 02911966 2024-04-01 2025-03-31 02911966 2023-04-01 2024-03-31 02911966 2025-03-31 02911966 2024-03-31 02911966 2023-04-01 02911966 6 2024-04-01 2025-03-31 02911966 6 2023-04-01 2024-03-31 02911966 d:Director1 2024-04-01 2025-03-31 02911966 e:MotorVehicles 2024-04-01 2025-03-31 02911966 e:MotorVehicles 2025-03-31 02911966 e:MotorVehicles 2024-03-31 02911966 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02911966 e:FurnitureFittings 2024-04-01 2025-03-31 02911966 e:FurnitureFittings 2025-03-31 02911966 e:FurnitureFittings 2024-03-31 02911966 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02911966 e:OfficeEquipment 2024-04-01 2025-03-31 02911966 e:OfficeEquipment 2025-03-31 02911966 e:OfficeEquipment 2024-03-31 02911966 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02911966 e:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 02911966 e:OtherPropertyPlantEquipment 2025-03-31 02911966 e:OtherPropertyPlantEquipment 2024-03-31 02911966 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02911966 e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02911966 e:Goodwill 2025-03-31 02911966 e:Goodwill 2024-03-31 02911966 e:CurrentFinancialInstruments 2025-03-31 02911966 e:CurrentFinancialInstruments 2024-03-31 02911966 e:Non-currentFinancialInstruments 2025-03-31 02911966 e:Non-currentFinancialInstruments 2024-03-31 02911966 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 02911966 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 02911966 e:Non-currentFinancialInstruments e:AfterOneYear 2025-03-31 02911966 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 02911966 e:UKTax 2024-04-01 2025-03-31 02911966 e:UKTax 2023-04-01 2024-03-31 02911966 e:ShareCapital 2024-04-01 2025-03-31 02911966 e:ShareCapital 2025-03-31 02911966 e:ShareCapital 2023-04-01 2024-03-31 02911966 e:ShareCapital 2024-03-31 02911966 e:ShareCapital 2023-04-01 02911966 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02911966 e:RetainedEarningsAccumulatedLosses 2025-03-31 02911966 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02911966 e:RetainedEarningsAccumulatedLosses 2024-03-31 02911966 e:RetainedEarningsAccumulatedLosses 2023-04-01 02911966 d:FRS102 2024-04-01 2025-03-31 02911966 d:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02911966 d:FullAccounts 2024-04-01 2025-03-31 02911966 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02911966 2 2024-04-01 2025-03-31 02911966 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 02911966


COG DESIGN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2025




 
COG DESIGN LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COG DESIGN LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cog Design Limited for the year ended 31 March 2025 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Cog Design Limited in accordance with the terms of our engagement letter dated 23 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Cog Design Limited and state those matters that we have agreed to state to the director of Cog Design Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cog Design Limited and its director for our work or for this report. 

It is your duty to ensure that Cog Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cog Design Limited. You consider that Cog Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cog Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  






CWM
 
Chartered Accountants
  
1a High Street
Epsom
Surrey
KT19 8DA
8 June 2025
Page 1

 
COG DESIGN LIMITED
REGISTERED NUMBER: 02911966

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 7 
22,431
29,906

  
22,431
29,906

Current assets
  

Debtors: amounts falling due within one year
 8 
449,957
457,406

Cash at bank and in hand
 9 
519,565
490,307

  
969,522
947,713

Creditors: amounts falling due within one year
 10 
(110,859)
(99,852)

Net current assets
  
 
 
858,663
 
 
847,861

Total assets less current liabilities
  
881,094
877,767

Creditors: amounts falling due after more than one year
 11 
(220,000)
(220,000)

  

Net assets
  
661,094
657,767


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
661,092
657,765

  
661,094
657,767


Page 2

 
COG DESIGN LIMITED
REGISTERED NUMBER: 02911966
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 June 2025.







M J Smith
Director

The notes on pages 6 to 14 form part of these financial statements.

Page 3

 
COG DESIGN LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2024
2
657,765
657,767


Comprehensive income for the year

Profit for the year

-
81,327
81,327


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
81,327
81,327


Contributions by and distributions to owners

Dividends: Equity capital
-
(78,000)
(78,000)


Total transactions with owners
-
(78,000)
(78,000)


At 31 March 2025
2
661,092
661,094


The notes on pages 6 to 14 form part of these financial statements.

Page 4

 
COG DESIGN LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
2
688,057
688,059


Comprehensive income for the year

Profit for the year

-
69,708
69,708


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
69,708
69,708


Contributions by and distributions to owners

Dividends: Equity capital
-
(100,000)
(100,000)


Total transactions with owners
-
(100,000)
(100,000)


At 31 March 2024
2
657,765
657,767


The notes on pages 6 to 14 form part of these financial statements.

Page 5

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 6

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 7

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
1.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 8

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)


1.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as set out below.

Depreciation is provided on the following basis:

Motor vehicles
-
Fixtures & fittings
-
10% and 25% straight line and reducing balance respectively
Office equipment
-
25% reducing balance basis
Other fixed assets
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans 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.

 
1.12

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 highly 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.

 
1.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

The company is a private limited company incorporated in England and Wales. Its principal place of
business is situated at 11 Greenwich Centre Business Park, 53 Norman Road, London SE10 9QF.

Page 9

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2025
        2024
            No.
            No.







Directors
1
1



Other
14
15

15
16


4.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
29,466
23,643


29,466
23,643


Total current tax
29,466
23,643

Deferred tax


Origination and reversal of timing differences
-
(525)

Total deferred tax
-
(525)


29,466
23,118
Page 10

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
 
4.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
110,793
92,826


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
27,698
23,207

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
-
44

Capital allowances for year in excess of depreciation
1,868
822

Other differences leading to an increase (decrease) in the tax charge
-
(525)

Marginal relief
(100)
(430)

Total tax charge for the year
29,466
23,118


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Dividends

2025
2024
£
£


Dividends ordinary shares paid
78,000
100,000

78,000
100,000

Page 11

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
22,335



At 31 March 2025

22,335



Amortisation


At 1 April 2024
22,335



At 31 March 2025

22,335



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 12

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
55,194
36,618
180,831
27,108
299,751



At 31 March 2025

55,194
36,618
180,831
27,108
299,751



Depreciation


At 1 April 2024
28,062
35,980
178,695
27,108
269,845


Charge for the year on owned assets
6,783
159
533
-
7,475



At 31 March 2025

34,845
36,139
179,228
27,108
277,320



Net book value



At 31 March 2025
20,349
479
1,603
-
22,431



At 31 March 2024
27,132
638
2,136
-
29,906


8.


Debtors

2025
2024
£
£


Trade debtors
158,010
152,825

Other debtors
284,756
285,946

Prepayments and accrued income
7,191
18,635

449,957
457,406



9.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
519,565
490,307

519,565
490,307


Page 13

 
COG DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
3,103
19,181

Corporation tax
31,556
28,599

Other taxation and social security
71,871
44,597

Other creditors
4,329
7,475

110,859
99,852



11.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
220,000
220,000

220,000
220,000



12.


Related party transactions

Cogalot Limited is a company in which Mr M J Smith, the company director, has a material interest.  The amounts included in expenses in the profit and loss account are as follows:-


2025
2024
£
£

Rent payable to Cogalot Limited
67,500
67,500
Services charges payable to Cogalot Limited
8,400
8,400
75,900
75,900

 
Page 14