Registered number
13043546
Coding Bio Limited
Unaudited Filleted Accounts
30 November 2023
Coding Bio Limited
Registered number: 13043546
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 103,526 1,682
Current assets
Debtors 4 13,269 62,189
Cash at bank and in hand 4,303,472 2,068,512
4,316,741 2,130,701
Creditors: amounts falling due within one year 5 (12,639) 61,597
Net current assets 4,304,102 2,192,298
Net assets 4,407,628 2,193,980
Capital and reserves
Called up share capital 239 239
Share premium 2,851,938 2,851,938
Other reserve 6 3,333,762 -
Profit and loss account (1,778,311) (658,197)
Shareholders' funds 4,407,628 2,193,980
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. S Bornschein
Director
Approved by the board on 28 March 2024
Coding Bio Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Reseach and development
Expenditure on research and development is written off in the year in which it is incurred.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 5
3 Tangible fixed assets
Fixtures, fittings and equipment
Cost £
At 1 December 2022 2,523
Additions 154,028
At 30 November 2023 156,551
Depreciation
At 1 December 2022 841
Charge for the year 52,184
At 30 November 2023 53,025
Net book value
At 30 November 2023 103,526
At 30 November 2022 1,682
4 Debtors 2023 2022
£ £
Trade debtors - 62,189
Other debtors 13,269 -
13,269 62,189
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 19,409 29,667
Corporation tax - (127,124)
Other taxes and social security costs (7,753) (9,796)
Other creditors 983 45,656
12,639 (61,597)
6 Other reserve 2023 2022
£ £
Other reserve - ASA 3,333,762 -
At 30 November 2023 3,333,762 -
7 Other information
Coding Bio Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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