IRIS Accounts Production v24.1.0.578 09389636 director 1.1.23 31.12.23 31.12.23 false true false false true true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093896362022-12-31093896362023-12-31093896362023-01-012023-12-31093896362021-12-31093896362022-01-012022-12-31093896362022-12-3109389636ns15:EnglandWales2023-01-012023-12-3109389636ns14:PoundSterling2023-01-012023-12-3109389636ns10:Director12023-01-012023-12-3109389636ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109389636ns10:SmallEntities2023-01-012023-12-3109389636ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3109389636ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109389636ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109389636ns10:FullAccounts2023-01-012023-12-3109389636ns10:OrdinaryShareClass12023-01-012023-12-3109389636ns10:RegisteredOffice2023-01-012023-12-3109389636ns10:Director22023-01-012023-12-3109389636ns5:CurrentFinancialInstruments2023-12-3109389636ns5:CurrentFinancialInstruments2022-12-3109389636ns5:ShareCapital2023-12-3109389636ns5:ShareCapital2022-12-3109389636ns5:RetainedEarningsAccumulatedLosses2023-12-3109389636ns5:RetainedEarningsAccumulatedLosses2022-12-3109389636ns5:ShareCapital2021-12-3109389636ns5:RetainedEarningsAccumulatedLosses2021-12-3109389636ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3109389636ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3109389636ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109389636ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109389636ns10:OrdinaryShareClass12023-12-3109389636ns5:RetainedEarningsAccumulatedLosses2022-12-31
REGISTERED NUMBER: 09389636 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Encodify Ltd.

Encodify Ltd. (Registered number: 09389636)






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




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Other Comprehensive Income 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Encodify Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Gammelgaard





REGISTERED OFFICE: 823 Salisbury House
29 Finsbury Circus
London





REGISTERED NUMBER: 09389636 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

Encodify Ltd. (Registered number: 09389636)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of development and selling our encode software for marketing resource management and consulting.

REVIEW OF BUSINESS
The results at the year-end were considered satisfactory by the directors.

DIRECTORS
The directors who have held office during the period from 1 January 2023 to the date of this report are as follows:

S E Soerensen - resigned 18 April 2023
S Gammelgaard - appointed 18 April 2023

RESULTS
The Company's profit for the period amounted to GBP 17,794.

POST BALANCE SHEET EVENTS
No post balance sheet events have occurred since 31 December 2023 which require reporting or disclosing in the accounts.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Gammelgaard - Director


24 March 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Encodify Ltd. (Registered number: 09389636)


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Encodify Ltd. for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Encodify Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Encodify Ltd. and state those matters that we have agreed to state to the director of Encodify Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Encodify Ltd. and its director for our work or for this report.

It is your duty to ensure that Encodify Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Encodify Ltd.. You consider that Encodify Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Encodify Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


24 March 2024

Encodify Ltd. (Registered number: 09389636)

Income Statement
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

TURNOVER 752,419 918,385

Administrative expenses 725,095 874,173
OPERATING PROFIT 27,324 44,212

Interest receivable and similar income - 4,642
27,324 48,854

Interest payable and similar expenses 4,643 2,195
PROFIT BEFORE TAXATION 22,681 46,659

Tax on profit 4 4,887 9,365
PROFIT FOR THE FINANCIAL YEAR 17,794 37,294

Encodify Ltd. (Registered number: 09389636)

Other Comprehensive Income
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 17,794 37,294


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

17,794

37,294

Encodify Ltd. (Registered number: 09389636)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 100,454 120,074
Cash at bank 72,604 42,858
173,058 162,932
CREDITORS
Amounts falling due within one year 6 44,485 52,153
NET CURRENT ASSETS 128,573 110,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,573

110,779

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 127,573 109,779
SHAREHOLDERS' FUNDS 128,573 110,779

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 March 2024 and were signed by:





S Gammelgaard - Director


Encodify Ltd. (Registered number: 09389636)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 1,000 72,485 73,485

Changes in equity
Total comprehensive income - 37,294 37,294
Balance at 31 December 2022 1,000 109,779 110,779

Changes in equity
Total comprehensive income - 17,794 17,794
Balance at 31 December 2023 1,000 127,573 128,573

Encodify Ltd. (Registered number: 09389636)

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

1. STATUTORY INFORMATION

Encodify 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

Encodify Ltd. (Registered number: 09389636)

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

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 4,887 9,365
Tax on profit 4,887 9,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 54,749 62,645
VAT 1,844 18,054
Prepayments and accrued income 43,861 39,375
100,454 120,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 4,887 9,365
Social security and other taxes 19,335 34,141
Other creditors 20,263 8,647
44,485 52,153

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 ordinary 1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 109,779
Profit for the year 17,794
At 31 December 2023 127,573

Encodify Ltd. (Registered number: 09389636)

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

9. ULTIMATE CONTROLLING PARTY

Encodify A/S (incorporated in Denmark) is regarded by the director as being the company's ultimate parent company.