Cohesive Communications (Holdings) Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05633318 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2020

for

Cohesive Communications (Holdings)

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Waite

A Williams

SECRETARY:

M Waite

REGISTERED OFFICE:

First Floor Conrad House

1-2 Beaufort Square

Chepstow

Monmouthshire

NP16 5EP

REGISTERED NUMBER:

05633318 (England and Wales)

ACCOUNTANTS:

Marsh Vision Limited

Chartered Certified Accountants

Chester House

17 Gold Tops

Newport

SOUTH WALES

NP20 4PH

FIXED ASSETS

Intangible assets

4

310,250

342,000

Property, plant and equipment

5

5,844

6,364

Investments

6

598,538

598,538

914,632

946,902

CURRENT ASSETS

Debtors

7

101,886

71,343

Cash at bank and in hand

133,271

98,251

235,157

169,594

CREDITORS

Amounts falling due within one year

8

761,783

726,037

NET CURRENT LIABILITIES

(526,626

)

(556,443

)

TOTAL ASSETS LESS CURRENT LIABILITIES

388,006

390,459

PROVISIONS FOR LIABILITIES

9

567

544

NET ASSETS

387,439

389,915

CAPITAL AND RESERVES

Called up share capital

187,500

187,500

Capital redemption reserve

6,250

6,250

Retained earnings

193,689

196,165

SHAREHOLDERS' FUNDS

387,439

389,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2021 and were signed on its behalf by:

A Williams - Director

1.	STATUTORY INFORMATION

Cohesive Communications (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The amortisation period of the goodwill is 20 years which in the directors opinion, reflects the finite life of the asset.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost and 20% on cost

Fixtures and fittings

-

33% on cost

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2019

and 31 October 2020

635,000

AMORTISATION

At 1 November 2019

293,000

Charge for year

31,750

At 31 October 2020

324,750

NET BOOK VALUE

At 31 October 2020

310,250

At 31 October 2019

342,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 November 2019

55,667

Additions

4,258

At 31 October 2020

59,925

DEPRECIATION

At 1 November 2019

49,303

Charge for year

4,778

At 31 October 2020

54,081

NET BOOK VALUE

At 31 October 2020

5,844

At 31 October 2019

6,364

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2019

and 31 October 2020

598,538

NET BOOK VALUE

At 31 October 2020

598,538

At 31 October 2019

598,538

The fixed asset investment relates to the 100% ownership of Cohesive Communications Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

93,952

60,894

Prepayments

7,934

10,449

101,886

71,343

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade creditors

30,292

25,317

Tax

65,893

32,118

Social security and other taxes

5,883

7,039

VAT

28,978

19,398

Other creditors

10,436

11,671

Amounts owed to group

undertakings

599,126

599,126

Directors' current accounts

4,849

4,850

Accruals and deferred income

16,326

26,518

761,783

726,037

9.	PROVISIONS FOR LIABILITIES

31.10.20

31.10.19

£

£

Deferred tax

Accelerated capital allowances

567

544

Deferred

tax

£

Balance at 1 November 2019

544

Provided during year

23

Balance at 31 October 2020

567

10.	RELATED PARTY DISCLOSURES

Included within creditors falling due within one year is a loan from a Cohesive Communications Limited, a company related by common directors. No interest is payable on the loan.