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REGISTERED NUMBER: NI635384 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

AYECODE LTD

AYECODE LTD (REGISTERED NUMBER: NI635384)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AYECODE LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S O'Connor
Mrs S O'Connor





REGISTERED OFFICE: Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS





REGISTERED NUMBER: NI635384 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

AYECODE LTD (REGISTERED NUMBER: NI635384)

Balance Sheet
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,361 6,939

CURRENT ASSETS
Debtors 5 6,625 2,521
Cash at bank 126,720 101,178
133,345 103,699
CREDITORS
Amounts falling due within one year 6 111,995 92,251
NET CURRENT ASSETS 21,350 11,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,711

18,387

PROVISIONS FOR LIABILITIES 1,018 1,318
NET ASSETS 25,693 17,069

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 8 25,683 17,059
SHAREHOLDERS' FUNDS 25,693 17,069

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AYECODE LTD (REGISTERED NUMBER: NI635384)

Balance Sheet - continued
31 MARCH 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 Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





Mr S O'Connor - Director


AYECODE LTD (REGISTERED NUMBER: NI635384)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

AyeCode Ltd is a private company, limited by shares , registered in Northern Ireland. 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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 ) .

AYECODE LTD (REGISTERED NUMBER: NI635384)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,899 13,373 15,272
DEPRECIATION
At 1 April 2022 784 7,549 8,333
Charge for year 122 1,456 1,578
At 31 March 2023 906 9,005 9,911
NET BOOK VALUE
At 31 March 2023 993 4,368 5,361
At 31 March 2022 1,115 5,824 6,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 6,625 2,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 76,871 44,752
Tax 27,070 38,339
VAT 1,123 914
Directors' current accounts 3,379 4,838
Accruals and deferred income 3,552 3,408
111,995 92,251

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
10 Ordinary 1 10 10

AYECODE LTD (REGISTERED NUMBER: NI635384)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. RESERVES
Retained
earnings
£   

At 1 April 2022 17,059
Profit for the year 134,624
Dividends (126,000 )
At 31 March 2023 25,683

9. RELATED PARTY DISCLOSURES

The company was under the control of Mr Stiofan O'Connor and Mrs Shileen O'Conoor throughout the period.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.