30 01/09/2023 28/02/2025 2025-02-28 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 14307404 2023-09-01 2025-02-28 14307404 2025-02-28 14307404 2023-08-31 14307404 2022-09-01 2023-08-31 14307404 2023-08-31 14307404 2022-08-31 14307404 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2025-02-28 14307404 bus:Director1 2023-09-01 2025-02-28 14307404 core:FurnitureFittingsToolsEquipment 2023-08-31 14307404 core:FurnitureFittingsToolsEquipment 2025-02-28 14307404 core:ShareCapital 2022-09-01 2023-08-31 14307404 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 14307404 core:RetainedEarningsAccumulatedLosses 2023-09-01 2025-02-28 14307404 core:WithinOneYear 2025-02-28 14307404 core:WithinOneYear 2023-08-31 14307404 core:ShareCapital 2025-02-28 14307404 core:ShareCapital 2023-08-31 14307404 core:RetainedEarningsAccumulatedLosses 2025-02-28 14307404 core:RetainedEarningsAccumulatedLosses 2023-08-31 14307404 core:PreviouslyStatedAmount core:ShareCapital 2025-02-28 14307404 core:FurnitureFittingsToolsEquipment 2023-09-01 2025-02-28 14307404 core:FurnitureFittingsToolsEquipment 2023-08-31 14307404 bus:Director1 2023-08-31 14307404 bus:Director1 2025-02-28 14307404 bus:Director1 2023-08-31 14307404 bus:Director1 2022-09-01 2023-08-31 14307404 bus:SmallEntities 2023-09-01 2025-02-28 14307404 bus:AuditExempt-NoAccountantsReport 2023-09-01 2025-02-28 14307404 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2025-02-28 14307404 bus:PrivateLimitedCompanyLtd 2023-09-01 2025-02-28 14307404 bus:FullAccounts 2023-09-01 2025-02-28
Company registration number: 14307404
Cogent Multimedia Limited
Unaudited filleted financial statements
28 February 2025
Cogent Multimedia Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Cogent Multimedia Limited
Statement of financial position
28 February 2025
28/02/25 31/08/23
Note £ £ £ £
Fixed assets
Tangible assets 5 5,785 1,708
_______ _______
5,785 1,708
Current assets
Debtors 6 464,871 310,077
Cash at bank and in hand 425 790
_______ _______
465,296 310,867
Creditors: amounts falling due
within one year 7 ( 470,900) ( 286,450)
_______ _______
Net current (liabilities)/assets ( 5,604) 24,417
_______ _______
Total assets less current liabilities 181 26,125
_______ _______
Net assets 181 26,125
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 180 26,124
_______ _______
Shareholders funds 181 26,125
_______ _______
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:
Mr J E Denning
Director
Company registration number: 14307404
Cogent Multimedia Limited
Statement of changes in equity
Period ended 28 February 2025
Called up share capital Profit and loss account
£ £
At 19 August 2022 - -
Profit for the period 51,124
_______ _______
Total comprehensive income for the period - 51,124
Issue of shares 1
Dividends paid and payable ( 25,000)
_______ _______
Total investments by and distributions to owners 1 ( 25,000)
_______ _______
At 31 August 2023 and 1 September 2023 1 26,124
Profit for the period 46,527
_______ _______
Total comprehensive income for the period - 46,527
Dividends paid and payable ( 72,471)
_______ _______
Total investments by and distributions to owners - ( 72,471)
_______ _______
At 28 February 2025 1 180
_______ _______
Cogent Multimedia Limited
Notes to the financial statements
Period ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 City Road, London, EC1V 2NX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are 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:
Freehold property - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 30 (2023: 20 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 September 2023 1,820 1,820
Additions 5,782 5,782
_______ _______
At 28 February 2025 7,602 7,602
_______ _______
Depreciation
At 1 September 2023 112 112
Charge for the year 1,705 1,705
_______ _______
At 28 February 2025 1,817 1,817
_______ _______
Carrying amount
At 28 February 2025 5,785 5,785
_______ _______
At 31 August 2023 1,708 1,708
_______ _______
6. Debtors
28/02/25 31/08/23
£ £
Trade debtors 184,714 188,154
Other debtors 280,157 121,923
_______ _______
464,871 310,077
_______ _______
7. Creditors: amounts falling due within one year
28/02/25 31/08/23
£ £
Trade creditors 56,367 26,304
Corporation tax 97,716 14,204
Social security and other taxes 147,592 47,667
Other creditors 169,225 198,275
_______ _______
470,900 286,450
_______ _______
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 28/02/25
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr J E Denning 93,714 71,884 165,598
_______ _______ _______
Period ended 31/08/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr J E Denning - 93,714 93,714
_______ _______ _______
The loan is provided on an interest fees basis and is repayable on demand.