Coherent Mind Limited - Period Ending 2020-02-29
Coherent Mind Limited - Period Ending 2020-02-29
Registration number:
Coherent Mind Limited
for the Period from 21 February 2019 to 29 February 2020
Chartered Certfied Accountants
58 Pannal Ash Drive
Harrogate
HG2 0HS
Coherent Mind Limited
Contents
|
Company Information |
|
|
Accountants' Report |
|
|
Statement of Comprehensive Income |
|
|
Balance Sheet |
|
|
Statement of Changes in Equity |
|
|
Notes to the Financial Statements |
Coherent Mind Limited
Company Information
|
Director |
Mr Stephen Coe |
|
Registered office |
|
|
Accountants |
|
|
Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Coherent Mind Limited
for the Period Ended 29 February 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Coherent Mind Limited for the period ended 29 February 2020 as set out on pages 3 to 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
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Coherent Mind Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Coherent Mind Limited and state those matters that we have agreed to state to the Board of Directors of Coherent Mind Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coherent Mind Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Coherent Mind Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Coherent Mind Limited. You consider that Coherent Mind Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Coherent Mind Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Certfied Accountants
Harrogate
HG2 0HS
|
Page 2 |
Coherent Mind Limited
Statement of Comprehensive Income for the Period from 21 February 2019 to 29 February 2020
|
Note |
2020 |
|
|
Loss for the period |
( |
|
|
Total comprehensive income for the period |
( |
|
Page 3 |
Coherent Mind Limited
(Registration number: 11839144)
Balance Sheet as at 29 February 2020
|
Note |
2020 |
|
|
Current assets |
||
|
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
|
|
Net liabilities |
( |
|
|
Capital and reserves |
||
|
Called up share capital |
|
|
|
Profit and loss account |
( |
|
|
Total equity |
( |
For the financial period ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr Stephen Coe
Director
|
Page 4 |
Coherent Mind Limited
Statement of Changes in Equity for the Period from 21 February 2019 to 29 February 2020
|
Share capital |
Profit and loss account |
Total |
|
|
Loss for the period |
- |
( |
( |
|
Total comprehensive income |
- |
( |
( |
|
New share capital subscribed |
|
- |
|
|
At 29 February 2020 |
|
( |
( |
|
Page 5 |
Coherent Mind Limited
Notes to the Financial Statements for the Period from 21 February 2019 to 29 February 2020
|
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
|
Page 6 |
Coherent Mind Limited
Notes to the Financial Statements for the Period from 21 February 2019 to 29 February 2020
|
Creditors |
|
Note |
2020 |
|
|
Due within one year |
||
|
Trade creditors |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
|
Other creditors |
|
|
|
|
|
Page 7 |