Company Registration No. 11124276 (England and Wales)
Cognitive Credit Limited
Unaudited accounts
for the year ended 31 December 2020
Cognitive Credit Limited
Unaudited accounts
Contents
Cognitive Credit Limited
Company Information
for the year ended 31 December 2020
Directors
Robert Slater
Marc Frans Julia Moens
Company Number
11124276 (England and Wales)
Registered Office
46 Marville Road
London
SW6 7BD
Accountants
Charterwells
The Georgian House
189 Stanmore Hill
Stanmore
HA7 3HD
Cognitive Credit Limited
Statement of financial position
as at
31 December 2020
Cash at bank and in hand
768,560
963,342
Creditors: amounts falling due within one year
(57,861)
(67,142)
Net current assets
1,055,180
1,158,598
Total assets less current liabilities
1,055,180
1,158,598
Creditors: amounts falling due after more than one year
(1,041,644)
-
Net assets
13,536
1,158,598
Called up share capital
1,273
1,273
Share premium
2,401,656
2,401,656
Profit and loss account
(2,389,393)
(1,244,331)
Shareholders' funds
13,536
1,158,598
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2021 and were signed on its behalf by
Robert Slater
Director
Company Registration No. 11124276
Cognitive Credit Limited
Notes to the Accounts
for the year ended 31 December 2020
Cognitive Credit Limited is a private company, limited by shares, registered in England and Wales, registration number 11124276. The registered office is 46 Marville Road, London, SW6 7BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
4
Debtors: amounts falling due within one year
2020
2019
Other debtors
318,081
262,398
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
53,838
32,464
Other creditors
2,723
2,028
6
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
1,041,644
-
The creditor relates to a convertible loan issued during the year. The interest rate on the loan is 8% (non-compounding).
Cognitive Credit Limited
Notes to the Accounts
for the year ended 31 December 2020
7
Average number of employees
During the year the average number of employees was 16 (2019: 14).