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COMPANY REGISTRATION NUMBER: 12871487
Cohort Teams Limited
Filleted Unaudited Financial Statements
31 December 2024
Cohort Teams Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
511
Current assets
Debtors
6
325,425
314,206
Cash at bank and in hand
328,479
20,727
---------
---------
653,904
334,933
Creditors: amounts falling due within one year
7
624,611
358,705
---------
---------
Net current assets/(liabilities)
29,293
( 23,772)
--------
--------
Total assets less current liabilities
29,804
( 23,772)
Provisions
Taxation including deferred tax
128
--------
--------
Net assets/(liabilities)
29,676
( 23,772)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
29,576
( 23,872)
--------
--------
Shareholders funds/(deficit)
29,676
( 23,772)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cohort Teams Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr R D E Dowling
Director
Company registration number: 12871487
Cohort Teams Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Betchworth House, 57-65 Station Road, Redhill, Surry, RH1 1DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2024
Additions
541
541
----
----
At 31 December 2024
541
541
----
----
Depreciation
At 1 January 2024
Charge for the year
30
30
----
----
At 31 December 2024
30
30
----
----
Carrying amount
At 31 December 2024
511
511
----
----
At 31 December 2023
----
----
6. Debtors
2024
2023
£
£
Trade debtors
273,222
244,037
Amounts owed by group undertakings and undertakings in which the company has a participating interest
9,345
Other debtors
52,203
60,824
---------
---------
325,425
314,206
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
392,804
238,349
Amounts owed to group undertakings and undertakings in which the company has a participating interest
104,460
89,959
Social security and other taxes
44,865
Other creditors
82,482
30,397
---------
---------
624,611
358,705
---------
---------