Registered number
05078887
Cogent Financial Planning Limited
Abbreviated Accounts
31 May 2016
Cogent Financial Planning Limited
Registered number: 05078887
Abbreviated Balance Sheet
as at 31 May 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,119 3,371
Current assets
Debtors 126,176 152,387
Cash at bank and in hand 93,769 55,781
219,945 208,168
Creditors: amounts falling due within one year (107,590) (125,300)
Net current assets 112,355 82,868
Net assets 115,474 86,239
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 115,374 86,139
Shareholders' funds 115,474 86,239
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mrs B Taylor-Baker
Director
Approved by the board on 8 December 2016
Cogent Financial Planning Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and fittings 25% reducing balance
Work in progress
Work in progress is valued at selling price, to the extent that it is complete, and shown as accrued income.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 June 2015 11,244
Additions 794
At 31 May 2016 12,038
Depreciation
At 1 June 2015 7,873
Charge for the year 1,046
At 31 May 2016 8,919
Net book value
At 31 May 2016 3,119
At 31 May 2015 3,371
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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