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REGISTERED NUMBER: 03553569 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Code a Weld North Limited

Code a Weld North Limited (Registered number: 03553569)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Code a Weld North Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: P Barry
D G Harrison
D A Millington





SECRETARY: T Gray





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ





REGISTERED NUMBER: 03553569 (England and Wales)





AUDITORS: Botham Accounting Limited
Chartered Accountants
Statutory Auditors
3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ

Code a Weld North Limited (Registered number: 03553569)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,209 151,409

CURRENT ASSETS
Debtors 5 222,876 210,579
Cash at bank 19,768 59,870
242,644 270,449
CREDITORS
Amounts falling due within one year 6 351,736 252,833
NET CURRENT (LIABILITIES)/ASSETS (109,092 ) 17,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,117

169,025

CREDITORS
Amounts falling due after more than one
year

7

(16,836

)

(25,929

)

PROVISIONS FOR LIABILITIES (19,791 ) (33,881 )
NET ASSETS 68,490 109,215

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 68,488 109,213
SHAREHOLDERS' FUNDS 68,490 109,215

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





D A Millington - Director


Code a Weld North Limited (Registered number: 03553569)

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

1. STATUTORY INFORMATION

Code a Weld North 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.

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.

Turnover
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 each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 20% on reducing balance

Taxation
Taxation for the year 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.

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 or substantively enacted by the balance sheet date.

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

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 year end and that are expected to apply to the reversal of the timing difference.

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.

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

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Code a Weld North Limited (Registered number: 03553569)

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

2. ACCOUNTING POLICIES - continued

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 10 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 - 351,662 83,999 8,973 444,634
Additions 20,902 34,460 41,610 4,144 101,116
At 31 December 2022 20,902 386,122 125,609 13,117 545,750
DEPRECIATION
At 1 January 2022 - 283,107 8,800 1,318 293,225
Charge for year - 18,018 17,814 2,484 38,316
At 31 December 2022 - 301,125 26,614 3,802 331,541
NET BOOK VALUE
At 31 December 2022 20,902 84,997 98,995 9,315 214,209
At 31 December 2021 - 68,555 75,199 7,655 151,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 201,093 148,037
Amounts owed by group undertakings - 45,529
Other debtors 21,783 17,013
222,876 210,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 11,419 11,354
Trade creditors 33,075 8,447
Amounts owed to group undertakings 239,030 80,161
Taxation and social security 38,379 110,454
Other creditors 29,833 42,417
351,736 252,833

Code a Weld North Limited (Registered number: 03553569)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 16,836 25,929

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   

As at 31 December 2022, the total liabilities of other group members secured by a fixed and floating charge over the assets of the company was £509,807,481 (2021 - £132,146,193).

9. CALLED UP SHARE CAPITAL

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Botham (Senior Statutory Auditor)
for and on behalf of Botham Accounting Limited

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
J Kennedy
Balance outstanding at start of year - 17,902
Amounts repaid - (17,902 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D Batty
Balance outstanding at start of year - 1,094
Amounts advanced - 131
Amounts repaid - (1,225 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Code a Weld North Limited (Registered number: 03553569)

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

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Bohapa Group Limited, a company incorporated in the England and Wales. Copies of the parent company's financial statements can be obtained from Companies House.

The ultimate parent undertaking and controlling party is TIC Holdco Limited, a company registered in England and Wales.

The consolidated accounts of TIC Holdco Limited, in which the company is included, are available to the public and may be obtained from Companies House.

The directors are of the opinion that there is no single ultimate controlling party of TIC Holdco Limited.