1 August 2022 false No description of principal activity Taxfiler 2024.1 10858886business:PrivateLimitedCompanyLtd2022-08-012023-07-31 108588862022-07-31 108588862022-08-012023-07-31 10858886business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10858886business:FilletedAccounts2022-08-012023-07-31 108588862023-07-31 108588862022-07-31 10858886core:WithinOneYear2023-07-31 10858886core:WithinOneYear2022-07-31 10858886core:AfterOneYear2023-07-31 10858886core:AfterOneYear2022-07-31 10858886core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10858886core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10858886core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10858886core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10858886core:PreviouslyStatedAmount2023-07-31 10858886core:PreviouslyStatedAmount2022-07-31 10858886business:SmallEntities2022-08-012023-07-31 10858886business:Director12022-08-012023-07-31 10858886countries:EnglandWales2022-08-012023-07-31 10858886business:RegisteredOffice2022-08-012023-07-31 10858886core:PlantMachinery2022-08-012023-07-31 10858886core:MotorVehicles2022-08-012023-07-31 10858886core:ComputerEquipment2022-08-012023-07-31 10858886core:IntangibleAssetsOtherThanGoodwill2022-07-31 10858886core:IntangibleAssetsOtherThanGoodwill2023-07-31 10858886core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-31 10858886core:PlantMachinery2022-07-31 10858886core:MotorVehicles2022-07-31 10858886core:ComputerEquipment2022-07-31 10858886core:PlantMachinery2023-07-31 10858886core:MotorVehicles2023-07-31 10858886core:ComputerEquipment2023-07-31 108588862021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10858886 (England and Wales)
Code 11 Limited Unaudited accounts for the year ended 31 July 2023
Code 11 Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
31,000 
37,200 
Tangible assets
10,709 
9,764 
41,709 
46,964 
Current assets
Inventories
1,700 
6,000 
Debtors
54,483 
35,771 
Cash at bank and in hand
10,144 
9,355 
66,327 
51,126 
Creditors: amounts falling due within one year
(37,227)
(39,338)
Net current assets
29,100 
11,788 
Total assets less current liabilities
70,809 
58,752 
Creditors: amounts falling due after more than one year
(63,944)
(50,964)
Provisions for liabilities
Deferred tax
(2,035)
- 
Net assets
4,830 
7,788 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,730 
7,688 
Shareholders' funds
4,830 
7,788 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2024 and were signed on its behalf by
S Greaves Director Company Registration No. 10858886
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Code 11 Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Code 11 Limited is a private company, limited by shares, registered in England and Wales, registration number 10858886. The registered office is Unit 5, The Basket Works, Wakefield Road, Ossett, West Yorkshire, WF5 9AQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20.00% Straight Line
Motor vehicles
25.00% Reducing Balance
Computer equipment
33.33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Code 11 Limited Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
62,000 
At 31 July 2023
62,000 
Amortisation
At 1 August 2022
24,800 
Charge for the year
6,200 
At 31 July 2023
31,000 
Net book value
At 31 July 2023
31,000 
At 31 July 2022
37,200 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
3,500 
20,040 
5,024 
28,564 
Additions
4,795 
- 
- 
4,795 
At 31 July 2023
8,295 
20,040 
5,024 
33,359 
Depreciation
At 1 August 2022
2,800 
13,699 
2,301 
18,800 
Charge for the year
874 
1,586 
1,390 
3,850 
At 31 July 2023
3,674 
15,285 
3,691 
22,650 
Net book value
At 31 July 2023
4,621 
4,755 
1,333 
10,709 
At 31 July 2022
700 
6,341 
2,723 
9,764 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
870 
Amounts due from group undertakings etc.
4,363 
34,727 
Accrued income and prepayments
120 
174 
4,483 
35,771 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
50,000 
- 
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Code 11 Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,000 
10,552 
Amounts owed to group undertakings and other participating interests
5,657 
5,417 
Taxes and social security
1,131 
70 
Loans from directors
5,176 
23,299 
Accruals
23,263 
- 
37,227 
39,338 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
48,944 
50,964 
Loans from directors
15,000 
- 
63,944 
50,964 
9
Transactions with related parties
Mr S Greaves is the director of the company and owns 65% of the shares in the company.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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