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REGISTERED NUMBER: 08044266 (England and Wales)











































Decodence Ltd

Unaudited Financial Statements

for the Year Ended 29th April 2023






Decodence Ltd (Registered number: 08044266)






Contents of the Financial Statements
for the year ended 29th April 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Decodence Ltd

Company Information
for the year ended 29th April 2023







Director: Ms E Helenius





Secretary: Ms E Helenius





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: Eyemouth Mill
Eyemouth
Berwickshire
TD14 5RE





Registered number: 08044266 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Decodence Ltd (Registered number: 08044266)

Balance Sheet
29th April 2023

2023 2022
Notes £    £   
Current assets
Stocks 2,000 2,000
Debtors 4 14,421 64,530
Cash at bank 9,825 5,040
26,246 71,570
Creditors
Amounts falling due within one year 5 13,703 33,586
Net current assets 12,543 37,984
Total assets less current liabilities 12,543 37,984

Creditors
Amounts falling due after more than one
year

6

7,659

8,745
Net assets 4,884 29,239

Capital and reserves
Called up share capital 1 1
Retained earnings 4,883 29,238
Shareholders' funds 4,884 29,239

Decodence Ltd (Registered number: 08044266)

Balance Sheet - continued
29th April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th April 2023 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.

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 18th October 2023 and were signed by:





Ms E Helenius - Director


Decodence Ltd (Registered number: 08044266)

Notes to the Financial Statements
for the year ended 29th April 2023

1. Statutory information

Decodence Ltd 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 statement of income and retained earnings.

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 or substantively enacted by the balance sheet date.


Decodence Ltd (Registered number: 08044266)

Notes to the Financial Statements - continued
for the year ended 29th April 2023

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months from the date of signing these financial statements and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 420 33,772
Other debtors 14,001 30,758
14,421 64,530

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 1,087 1,060
Trade creditors 852 312
Taxation and social security 11,764 32,214
13,703 33,586

6. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 7,659 8,745

Decodence Ltd (Registered number: 08044266)

Notes to the Financial Statements - continued
for the year ended 29th April 2023

6. Creditors: amounts falling due after more than one year - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after five years 3,091 4,230

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 29th April 2023 and the period ended 29th April 2022:

2023 2022
£    £   
Ms E Helenius
Balance outstanding at start of year 30,758 -
Amounts advanced 13,909 30,758
Amounts repaid (30,666 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,001 30,758

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.

8. Post balance sheet events

Since the year end, on 12th October 2023, an interim dividend for the year ending 29th April 2024 of £9,000 per share has been declared.