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REGISTERED NUMBER: SC538853 (Scotland)















Financial Statements

for the Year Ended

30th June 2023

for

Co-Dem Contracts Ltd

Co-Dem Contracts Ltd (Registered number: SC538853)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Co-Dem Contracts Ltd

Company Information
for the Year Ended 30th June 2023







DIRECTOR: R Cosgrove





REGISTERED OFFICE: 58 Long Lane
Broughty Ferry
Dundee
Angus
DD5 1HH





REGISTERED NUMBER: SC538853 (Scotland)





ACCOUNTANTS: AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB

Co-Dem Contracts Ltd (Registered number: SC538853)

Balance Sheet
30th June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 706,295 769,451

CURRENT ASSETS
Stocks 230,400 230,400
Debtors 5 199,500 199,500
Prepayments and accrued income - (1,184 )
Cash at bank 2,713 2,050
432,613 430,766
CREDITORS
Amounts falling due within one year 6 614,937 710,384
NET CURRENT LIABILITIES (182,324 ) (279,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,971

489,833

CREDITORS
Amounts falling due after more than one
year

7

265,073

265,073
NET ASSETS 258,898 224,760

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 257,898 223,760
SHAREHOLDERS' FUNDS 258,898 224,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Co-Dem Contracts Ltd (Registered number: SC538853)

Balance Sheet - continued
30th June 2023


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 director and authorised for issue on 29th March 2024 and were signed by:





R Cosgrove - Director


Co-Dem Contracts Ltd (Registered number: SC538853)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Co-Dem Contracts Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.
Land and buildings - Straight line over 5 years
Plant and machinery etc - 10% on reducing balance and Straight line over 5 years

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
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.

Co-Dem Contracts Ltd (Registered number: SC538853)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st July 2022
and 30th June 2023 150,000 23,854 588,484
DEPRECIATION
At 1st July 2022 2,000 6,464 91,372
Charge for year 1,000 1,739 49,711
At 30th June 2023 3,000 8,203 141,083
NET BOOK VALUE
At 30th June 2023 147,000 15,651 447,401
At 30th June 2022 148,000 17,390 497,112

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 123,875 7,153 893,366
DEPRECIATION
At 1st July 2022 22,182 1,897 123,915
Charge for year 10,169 537 63,156
At 30th June 2023 32,351 2,434 187,071
NET BOOK VALUE
At 30th June 2023 91,524 4,719 706,295
At 30th June 2022 101,693 5,256 769,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 199,500 199,500

Co-Dem Contracts Ltd (Registered number: SC538853)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 64,530 200,609
Hire purchase contracts 115,292 115,292
Trade creditors 148,799 148,799
Taxation and social security 188,664 148,032
Other creditors 97,652 97,652
614,937 710,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 40,104 40,104
Hire purchase contracts 224,969 224,969
265,073 265,073

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Co-Dem Contracts Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Co-Dem Contracts Ltd for the year ended 30th June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Co-Dem Contracts Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Co-Dem Contracts Ltd and state those matters that we have agreed to state to the director of Co-Dem Contracts Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Co-Dem Contracts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Co-Dem Contracts Ltd. You consider that Co-Dem Contracts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Co-Dem Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB


29th March 2024