Cogent Networks Ltd - Filleted accounts

Registered number

12215764

Cogent Networks Ltd

Filleted Accounts

30 September 2024

Cogent Networks Ltd
Registered number:		12215764
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		15,065			25,554

Current assets
Debtors	4	567,887			456,947
Cash at bank and in hand		60,532			68,708
		628,419			525,655

Creditors: amounts falling due within one year	5	(478,861)			(390,112)

Net current assets			149,558			135,543

Net assets			164,623			161,097

Capital and reserves
Called up share capital			300			300
Profit and loss account			164,323			160,797

Shareholders' funds			164,623			161,097

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Danish Awan
Director
Approved by the board on 30 September 2025

Cogent Networks Ltd
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 October 2023	14,555		46,844		61,399
	Additions	792		-		792
	At 30 September 2024	15,347		46,844		62,191

	Depreciation
	At 1 October 2023	11,400		24,445		35,845
	Charge for the year	1,887		9,394		11,281
	At 30 September 2024	13,287		33,839		47,126

	Net book value
	At 30 September 2024	2,060		13,005		15,065
	At 30 September 2023	3,155		22,399		25,554


4	Debtors			2024		2023
£					£

	Trade debtors			373,796		284,615
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			194,091		172,332
				567,887		456,947


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			168,845		132,199
	Taxation and social security costs			54,673		32,776
	Other creditors			255,343		225,137
				478,861		390,112


6	Other information

	Cogent Networks Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	85 Great Portland Street
	Fifth Floor
	London
	W1W 7LT