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REGISTERED NUMBER:
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COGENT STAFFING LIMITED |
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FINANCIAL STATEMENTS FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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REGISTERED NUMBER:
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COGENT STAFFING LIMITED |
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FINANCIAL STATEMENTS FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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COGENT STAFFING LIMITED (REGISTERED NUMBER: 10826268) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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COGENT STAFFING LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Statutory Auditors |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
COGENT STAFFING LIMITED (REGISTERED NUMBER: 10826268) |
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STATEMENT OF FINANCIAL POSITION |
31 OCTOBER 2018 |
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Notes | £ |
CURRENT ASSETS |
Inventories |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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COGENT STAFFING LIMITED (REGISTERED NUMBER: 10826268) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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1. | STATUTORY INFORMATION |
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Cogent Staffing Limited is a private company, limited by shares, registered in England and Wales. The |
company's registered number is 10826268. The company's registered address is Military House, 24 Castle Street, |
Chester, Cheshire, CH1 2DS. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make estimates and |
judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ |
from these estimates. |
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The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which |
the estimate is revised. |
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The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying |
amount of assets and liabilities are outlined below. |
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The directors use judgement to provide against bad debts using knowledge of customers and experience. These |
provisions are revisited after the statement of financial position date to ensure they are appropriate. |
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Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts. rebates, |
value added tax and other sales taxes. Revenue is recognised when the services have been provided to the |
customer. |
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Inventories |
Work in progress is valued at the cost of the service provided. |
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Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
parties and loans to related parties. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
in the income statement. |
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Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, |
being the transaction price less any amounts settled. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 date of the statement of financial position. |
COGENT STAFFING LIMITED (REGISTERED NUMBER: 10826268) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
date of the statement of financial position. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period |
of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to income statement in the period to which they relate. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are |
shown within borrowings in current liabilities. |
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Dividends |
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the |
company. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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6. | SECURED DEBTS |
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Bibby Financial Services Limited have a fixed and floating charge on all company assets. |
COGENT STAFFING LIMITED (REGISTERED NUMBER: 10826268) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 20 JUNE 2017 TO 31 OCTOBER 2018 |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | RELATED PARTY DISCLOSURES |
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As at the period end amounts owed to other group undertakings amounted to £200,783. |
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9. | ULTIMATE CONTROLLING PARTY |
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At the period-end the immediate parent company was Bluestones Investment Group Professional Services |
Limited, a company registered in England and Wales. |
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At the period-end the ultimate parent company and controlling party was Bluestones Investment Group Limited, |
a company registered in England and Wales. The results of the company are included within the consolidated |
financial statements of Bluestones Investment Group Limited, copies of which can be obtained from Companies |
House. The company's registered office is Military House, 24 Castle Street, Chester, Cheshire, CH1 2DS. |