THE COGWORKS LIMITED

Company Registration Number:
05761046 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

THE COGWORKS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

THE COGWORKS LIMITED

Balance sheet

As at 30 June 2018


Notes

2018

2017


£

£
Fixed assets
Tangible assets: 3 4,736 11,940
Total fixed assets: 4,736 11,940
Current assets
Debtors:   145,012 249,869
Cash at bank and in hand: 56,867 223,557
Total current assets: 201,879 473,426
Creditors: amounts falling due within one year:   (50,059) (148,950)
Net current assets (liabilities): 151,820 324,476
Total assets less current liabilities: 156,556 336,416
Total net assets (liabilities): 156,556 336,416
Capital and reserves
Called up share capital: 80 80
Profit and loss account: 156,476 336,336
Shareholders funds: 156,556 336,416

The notes form part of these financial statements

THE COGWORKS LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2019
and signed on behalf of the board by:

Name: Mr Adam Shallcross
Status: Director

The notes form part of these financial statements

THE COGWORKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.

THE COGWORKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 21 23

THE COGWORKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 32,495
Additions 433
At 30 June 2018 32,928
Depreciation
At 01 July 2017 20,555
Charge for year 7,637
At 30 June 2018 28,192
Net book value
At 30 June 2018 4,736
At 30 June 2017 11,940


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