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REGISTERED NUMBER: 06460872 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Codespace Services Ltd

Codespace Services Ltd (Registered number: 06460872)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Codespace Services Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTOR: J Harrington





SECRETARY: C J Harrington





REGISTERED OFFICE: 8 Hemmells
Basildon
Essex
SS15 6ED





REGISTERED NUMBER: 06460872 (England and Wales)





ACCOUNTANTS: Dormer Finance Limited
8 Hemmells
Basildon
Essex
SS15 6ED

Codespace Services Ltd (Registered number: 06460872)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 408
Investments 5 52,171 55,248
52,173 55,656

CURRENT ASSETS
Debtors 6 33,840 9,360
Cash at bank 81,902 99,456
115,742 108,816
CREDITORS
Amounts falling due within one year 7 23,214 11,483
NET CURRENT ASSETS 92,528 97,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,701

152,989

PROVISIONS FOR LIABILITIES 761 542
NET ASSETS 143,940 152,447

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserves 84 84
Retained earnings 143,852 152,359
143,940 152,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Codespace Services Ltd (Registered number: 06460872)

Balance Sheet - continued
31st December 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 1st March 2024 and were signed by:





J Harrington - Director


Codespace Services Ltd (Registered number: 06460872)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Codespace Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost and 25% 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.

3. EMPLOYEES AND DIRECTORS

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

Codespace Services Ltd (Registered number: 06460872)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2023
and 31st December 2023 2,186
DEPRECIATION
At 1st January 2023 1,778
Charge for year 406
At 31st December 2023 2,184
NET BOOK VALUE
At 31st December 2023 2
At 31st December 2022 408

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Goldmoney investment 48,167 48,167
Goldmoney investment revaluation 4,004 7,081
52,171 55,248

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,840 9,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 308 218
Corporation tax 16,572 7,962
VAT 5,725 2,494
Directors' current accounts 609 809
23,214 11,483

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account was credited with £2,400 for the use of home as office space.