Cojit-UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10470990 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

COJIT-UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I R C Maxwell

M Amersi

REGISTERED OFFICE:

12 Avondale Park Gardens

London

W11 4PR

REGISTERED NUMBER:

10470990 (England and Wales)

FIXED ASSETS

Intangible assets

4

724

-

CURRENT ASSETS

Cash in hand

14,287

1

CREDITORS

Amounts falling due within one year

5

117,559

-

NET CURRENT (LIABILITIES)/ASSETS

(103,272

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

(102,548

)

1

CREDITORS

Amounts falling due after more than one year

6

5,000

-

NET (LIABILITIES)/ASSETS

(107,548

)

1

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(107,549

)

-

(107,548

)

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 March 2020 and were signed on its behalf by:

I R C Maxwell - Director

1.	STATUTORY INFORMATION

Cojit-UK 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.

Going concern:

The financial statements have been prepared on a going concern basis, notwithstanding net historic liabilities of

£107,548 as following the balance sheet date, the company has received a loan and donations totalling £46,800

with a further underwritten commitment of £15,700 and the directors remain reasonably confident of receiving

further funding which would satisfy the remainder of the liabilities.

Turnover

Turnover 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.

Development costs are being amortised evenly over their estimated useful life of three years.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

Additions

1,080

At 30 November 2018

1,080

AMORTISATION

Amortisation for year

356

At 30 November 2018

356

NET BOOK VALUE

At 30 November 2018

724

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

103,027

-

Social security and other taxes

6,567

-

Pension payable

1,465

-

Accrued expenses

6,500

-

117,559

-

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loans - 1-2 years

5,000

-