Cohesion Web Technologies Limited - Period Ending 2018-08-31
Cohesion Web Technologies Limited - Period Ending 2018-08-31
Registration number:
Cohesion Web Technologies Limited
for the Year Ended 31 August 2018
Cohesion Web Technologies Limited
Contents
Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Cohesion Web Technologies Limited
Company Information
Directors |
Simon Drew Griffiths David William Bee Mr Craig Hanna Stephen Russell Crouch |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cohesion Web Technologies Limited
for the Year Ended 31 August 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cohesion Web Technologies Limited for the year ended 31 August 2018 as set out on pages 3 to 6 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 Cohesion Web Technologies 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 Cohesion Web Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Cohesion Web Technologies 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 Cohesion Web Technologies Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cohesion Web Technologies 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 Cohesion Web Technologies Limited. You consider that Cohesion Web Technologies Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cohesion Web Technologies 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.
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Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB
Page 2 |
Cohesion Web Technologies Limited
(Registration number: 10295514)
Abridged Balance Sheet as at 31 August 2018
Note |
2018 |
2017 |
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Fixed assets |
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Intangible assets |
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- |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
( |
( |
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Total equity |
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For the financial year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 3 |
Cohesion Web Technologies Limited
(Registration number: 10295514)
Abridged Balance Sheet as at 31 August 2018
Approved and authorised by the
.........................................
Simon Drew Griffiths
Director
Page 4 |
Cohesion Web Technologies Limited
Notes to the Abridged Financial Statements for the Year Ended 31 August 2018
Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged 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.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer Equipment |
3 years straight line |
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Patents |
5 years straight line |
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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 5 |
Cohesion Web Technologies Limited
Notes to the Abridged Financial Statements for the Year Ended 31 August 2018
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 31 August 2018 |
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Amortisation |
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Amortisation charge |
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At 31 August 2018 |
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Carrying amount |
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At 31 August 2018 |
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The aggregate amount of research and development expenditure recognised as an expense during the period is £
Tangible assets |
Total |
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Cost or valuation |
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At 1 September 2017 |
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Additions |
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At 31 August 2018 |
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Depreciation |
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At 1 September 2017 |
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Charge for the period |
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At 31 August 2018 |
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Carrying amount |
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At 31 August 2018 |
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At 31 August 2017 |
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Page 6 |