Accounts filed on 30-09-2015

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			Company registration number:04329614
		COGENT DATA SOLUTIONS LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 September 2015

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COGENT DATA SOLUTIONS LIMITED
BALANCE SHEET
AS AT 30 September 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			350,076				292,829
					350,076				292,829
CURRENT ASSETS
Stocks			5,668				4,200
Debtors			288,421				265,715
Cash at bank and in hand			1,261				27,328
			295,350				297,243
CREDITORS
Amounts falling due within one year			(375,499)				(339,344)
NET CURRENT ASSETS					(80,149)				(42,101)
TOTAL ASSETS LESS
CURRENT LIABILITIES					269,927				250,728
Creditors falling due after one year					(97,301)				(105,565)
PROVISIONS FOR LIABILITIES					(64,885)				(52,329)
NET ASSETS					107,741				92,834
CAPITAL AND RESERVES
Called-up equity share capital		5			38				38
Profit and loss account					107,703				92,796
SHAREHOLDERS FUNDS					107,741				92,834
For the year ending 30 September 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
E G Smith
23 February 2016
The annexed notes form part of these financial statements.

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COGENT DATA SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents income receivable for goods and services provided in the period, exclusive of Value Added Tax and trade discounts.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life of ten years.

Fixed assets

Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and machinery 15% per annum reducing balance

Fixtures and fittings 33.33% per annum of cost 25% per annum reducing balance

Motor vehicles 25% per annum reducing balance

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Leasing

Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			640,838
	Additions			123,794
	At end of period			764,632
	Depreciation
	At start of period			348,009
	Provided during the period			66,546
	At end of period			414,555
	Net Book Value
	At start of period			292,829
	At end of period			350,076

3.	Debtors
	Included within other debtors is a loan of £9,465 (2014 £2,477) to E G Smith, director. The maximum amount outstanding during the year was £9,465.

4.

Creditors

Of the creditors due within one year £ 38,426 (2014 £14,317) is secured

Of the creditors due after more than one year £ 21,446 (2014 £27,886) is secured.

5.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	'A' Ordinary shares of £1 each				19	19
	'B' Ordinary shares of £1 each				19	19
	Total issued share capital				38	38
6.	Ultimate controlling party
	The company is under the control of the director.