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Company Registration No. 01870101 (England and Wales)
COGNISOFT LIMITED
Financial Statements
for the Period from 01 December 2023 to 30 November 2024

COGNISOFT LIMITED

Financial Statements for the period ending 30 November 2024

COGNISOFT LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

1. Statutory Information
COGNISOFT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01870101.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
3. Employees
Average number of employees, including directors, during the year was as follows:
2024 24
2023 24
4. Principal Activity
The principle activity during the year was the development, maintenance and hosting of software solutions, alongside the provision of ancillary services such as consultancy, training and ongoing support.

COGNISOFT LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

Current Tax
Taxation represents the sum of tax currently payable and deferred tax.Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companies liability for current tax is calculated using the rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible Fixed Asset Policy
Tangible fixed assets under the cost model are stated at historic cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of the asset less their residual over their estimated useful lives, using the straight line method.Depreciation is provided on the following basis:Short-term leasehold property - 20% straight line to next term break (5 years)Fixtures and fittings - 10% straight lineOffice equipment - 10% straight lineComputer equipment - 33% straight line

COGNISOFT LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

Intangible Asset Policy
Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

COGNISOFT LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

5. Intangible Assets
Development Expenditure Total
Cost £ £
At 01/12/2023 425,555 425,555
Additions 144,422 144,422
Disposals - -
Revaluations - -
At 30/11/2024 569,977 569,977
Amortisation
At 01/12/2023 137,676 137,676
Charge for the Year 63,041 63,041
On Disposals - -
Other increases/(decreases) - -
At end of period 200,717 200,717
Net book value
At 30/11/2024 369,260 369,260
At 30/11/2023 287,879 287,879
6. Fixed Assets
Short Term Leasehold Office Equipment Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £ £ £
At 01/12/2023 16,835 24,788 12,119 219,811 273,553
Additions - 512 - 2,560 3,072
At 30/11/2024 16,835 25,300 12,119 222,371 276,625
Depreciation
At 01/12/2023 15,652 20,020 8,596 185,043 229,311
Charge for the year 458 1,546 1,073 17,768 20,845
At 30/11/2024 16,110 21,566 9,669 202,811 250,156
Net Book Value
At 30/11/2024 725 3,734 2,450 19,560 26,469
At 30/11/2023 1,183 4,768 3,523 34,768 44,242