Endeavour Code Limited 06257355 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is provision of information technology services Digita Accounts Production Advanced 6.30.9574.0 true 06257355 2022-06-01 2023-05-31 06257355 2023-05-31 06257355 core:CurrentFinancialInstruments 2023-05-31 06257355 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06257355 core:OfficeEquipment 2023-05-31 06257355 1 2023-05-31 06257355 bus:SmallEntities 2022-06-01 2023-05-31 06257355 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06257355 bus:FullAccounts 2022-06-01 2023-05-31 06257355 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 06257355 bus:RegisteredOffice 2022-06-01 2023-05-31 06257355 bus:Director1 2022-06-01 2023-05-31 06257355 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06257355 core:OfficeEquipment 2022-06-01 2023-05-31 06257355 countries:EnglandWales 2022-06-01 2023-05-31 06257355 1 2022-06-01 2023-05-31 06257355 2022-05-31 06257355 core:OfficeEquipment 2022-05-31 06257355 1 2022-05-31 06257355 2021-06-01 2022-05-31 06257355 2022-05-31 06257355 core:CurrentFinancialInstruments 2022-05-31 06257355 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06257355 core:OfficeEquipment 2022-05-31 06257355 1 2022-05-31 06257355 1 2021-06-01 2022-05-31 06257355 1 2021-05-31 iso4217:GBP xbrli:pure

Registration number: 06257355

Endeavour Code Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Endeavour Code Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Endeavour Code Limited

(Registration number: 06257355)
Statement of Financial Position as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,484

958

Current assets

 

Debtors

5

77,974

37,071

Cash at bank and in hand

 

40,138

57,414

 

118,112

94,485

Creditors: Amounts falling due within one year

6

(21,104)

(7,152)

Net current assets

 

97,008

87,333

Total assets less current liabilities

 

98,492

88,291

Provisions for liabilities

(282)

(182)

Net assets

 

98,210

88,109

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

98,209

88,108

Shareholders' funds

 

98,210

88,109

 

Endeavour Code Limited

(Registration number: 06257355)
Statement of Financial Position as at 31 May 2023 (continued)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 21 February 2024
 


W J Fidell
Director

 

Endeavour Code Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is provision of information technology services

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

 

Endeavour Code Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer equipment - 33% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

 

Endeavour Code Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

 

Endeavour Code Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2022

11,611

11,611

Additions

1,366

1,366

At 31 May 2023

12,977

12,977

Depreciation

At 1 June 2022

10,653

10,653

Charge for the year

840

840

At 31 May 2023

11,493

11,493

Carrying amount

At 31 May 2023

1,484

1,484

At 31 May 2022

958

958

 

Endeavour Code Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

5

Debtors

2023
£

2022
£

Other debtors

77,974

37,071

77,974

37,071

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

19,489

5,752

Accruals and deferred income

1,615

1,400

21,104

7,152

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with the director

2023

At 1 June 2022
£

Advances to director
£

Repayments by director
£

At 31 May 2023
£

37,071

79,510

(44,783)

71,798

         
       

 

2022

At 1 June 2021
£

Advances to director
£

Repayments by director
£

At 31 May 2022
£

48,929

67,169

(79,027)

37,071

         
       

 

Interest is chargeable on an annual basis at HMRCs official rate of interest.