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Company Registration No. 11124276 (England and Wales)
Cognitive Credit Limited Unaudited accounts for the year ended 31 December 2024
Cognitive Credit Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Cognitive Credit Limited Company Information for the year ended 31 December 2024
Directors
Robert Slater Marc Frans Julia Moens Shea Zane Wallon Martyn James
Company Number
11124276 (England and Wales)
Registered Office
Suite 8 2nd Floor 43-45 High road Bushey Heath England WD23 1EE United Kingdom
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Cognitive Credit Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cognitive Credit Limited for the year ended 31 December 2024 as set out on pages 5 - 7 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 icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Charterwells Chartered Accountants Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE 7 March 2025
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Cognitive Credit Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
4
186,828 
186,828 
Current assets
Debtors
5
1,171,928 
1,041,454 
Cash at bank and in hand
4,791,003 
2,351,333 
5,962,931 
3,392,787 
Creditors: amounts falling due within one year
6
(2,118,199)
(1,935,953)
Net current assets
3,844,732 
1,456,834 
Total assets less current liabilities
4,031,560 
1,643,662 
Creditors: amounts falling due after more than one year
7
(67,754)
(58,020)
Net assets
3,963,806 
1,585,642 
Capital and reserves
Called up share capital
2,834 
2,300 
Share premium
18,943,754 
12,944,409 
Profit and loss account
(14,982,782)
(11,361,067)
Shareholders' funds
3,963,806 
1,585,642 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by
Robert Slater Director Company Registration No. 11124276
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Cognitive Credit Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Cognitive Credit Limited is a private company, limited by shares, registered in England and Wales, registration number 11124276. The registered office is Suite 8 2nd Floor, 43-45 High road, Bushey Heath, England, WD23 1EE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
4
Investments
Other investments 
£ 
Valuation at 1 January 2024
186,828 
Valuation at 31 December 2024
186,828 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
550,828 
309,400 
Accrued income and prepayments
205,584 
214,572 
Other debtors
415,516 
517,482 
1,171,928 
1,041,454 
- 6 -
Cognitive Credit Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
52,674 
40,203 
Trade creditors
166,971 
106,645 
Taxes and social security
120,814 
123,114 
Other creditors
288,421 
789,257 
Accruals
14,154 
7,179 
Deferred income
1,475,165 
869,555 
2,118,199 
1,935,953 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
67,754 
58,020 
8
Average number of employees
During the year the average number of employees was 43 (2023: 33).
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