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REGISTERED NUMBER: 06826993 (England and Wales)















Kode Performance Limited

Unaudited Financial Statements for the Year Ended 31 March 2022






Kode Performance Limited (Registered number: 06826993)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kode Performance Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: K H Au





REGISTERED OFFICE: 14 Holly Drive
Minster on Sea
Sheerness
Kent
ME12 3GQ





REGISTERED NUMBER: 06826993 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Kode Performance Limited (Registered number: 06826993)

Statement of Financial Position
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,706 11,556

CURRENT ASSETS
Inventories 13,285 3,150
Debtors 5 11,825 23,411
Cash at bank and in hand 5,592 17,225
30,702 43,786
CREDITORS
Amounts falling due within one year 6 12,108 16,112
NET CURRENT ASSETS 18,594 27,674
TOTAL ASSETS LESS CURRENT LIABILITIES 23,300 39,230

CREDITORS
Amounts falling due after more than one
year

7

(30,658

)

(38,063

)

PROVISIONS FOR LIABILITIES - (681 )
NET (LIABILITIES)/ASSETS (7,358 ) 486

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (7,360 ) 484
SHAREHOLDERS' FUNDS (7,358 ) 486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kode Performance Limited (Registered number: 06826993)

Statement of Financial Position - continued
31 March 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:





K H Au - Director


Kode Performance Limited (Registered number: 06826993)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Kode Performance 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.

Significant judgements - going concern
When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as there are net liabilities. There are
no material uncertainties of which the director is aware in making his assessment.

Other debtors include £6,114 owed by the director who has indicated that repayment will be made so as not to prejudice cash flow. Therefore, the director considers that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, he is satisfied that the company has adequate resources to continue to operate for the foreseeable future and he continues to adopt the going concern basis for preparing these financial statements.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Government grants
Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement as is any related expenditure.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.


Kode Performance Limited (Registered number: 06826993)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 51,404
Disposals (19,578 )
At 31 March 2022 31,826
DEPRECIATION
At 1 April 2021 39,848
Charge for year 1,889
Eliminated on disposal (14,617 )
At 31 March 2022 27,120
NET BOOK VALUE
At 31 March 2022 4,706
At 31 March 2021 11,556

Kode Performance Limited (Registered number: 06826993)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2021 19,578
Disposals (19,578 )
At 31 March 2022 -
DEPRECIATION
At 1 April 2021 14,286
Charge for year 331
Eliminated on disposal (14,617 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 5,292

5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Other debtors 6,083 17,669

Amounts falling due after more than one year:
Other debtors 5,742 5,742

Aggregate amounts 11,825 23,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 8,436 6,717
Hire purchase contracts - 2,432
Taxation and social security 2,693 5,297
Other creditors 979 1,666
12,108 16,112

Kode Performance Limited (Registered number: 06826993)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 30,658 38,063

Amounts falling due in more than five years:

Repayable by instalments
in more than five years - 2,239

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
K H Au
Balance outstanding at start of year 17,669 11,813
Amounts advanced - 5,856
Amounts repaid (11,586 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,083 17,669