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REGISTERED NUMBER: 13792640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Code First Girls Limited

Code First Girls Limited (Registered number: 13792640)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Code First Girls Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Bentinck
M P Clifford
A Brailsford
T D Profumo





REGISTERED OFFICE: 3rd Floor
20-24 Old Street
London
EC1V 9AP





REGISTERED NUMBER: 13792640 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

Code First Girls Limited (Registered number: 13792640)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,274,036 1,421,041
Tangible assets 5 41,853 39,425
1,315,889 1,460,466

CURRENT ASSETS
Debtors 6 2,475,382 2,963,965
Cash at bank 3,221,889 3,124,389
5,697,271 6,088,354
CREDITORS
Amounts falling due within one year 7 1,622,384 1,082,042
NET CURRENT ASSETS 4,074,887 5,006,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,390,776

6,466,778

PROVISIONS FOR LIABILITIES - 3,643
NET ASSETS 5,390,776 6,463,135

CAPITAL AND RESERVES
Called up share capital 8 12 12
Share premium 9 6,274,191 6,274,191
Retained earnings 9 (883,427 ) 188,932
SHAREHOLDERS' FUNDS 5,390,776 6,463,135

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 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.

Code First Girls Limited (Registered number: 13792640)

Balance Sheet - continued
31 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





A Brailsford - Director


Code First Girls Limited (Registered number: 13792640)

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


1. STATUTORY INFORMATION

Code First Girls Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of the asset purchase in August 2022, over the fair value of the net identifiable assets acquired. Goodwill is included within ‘intangible assets’ and is carried at cost less accumulated amortisation and accumulated impairment losses.

Goodwill amortisation is calculated by applying the straight-line method to its estimated useful life. If a reliable estimate cannot be made, the useful economic life of goodwill is presumed to be 10 years. Goodwill is being amortised to ‘administrative expenses’ over a 10 year period.

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 - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.


Code First Girls Limited (Registered number: 13792640)

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


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1,470,042
AMORTISATION
At 1 January 2023 49,001
Amortisation for year 147,005
At 31 December 2023 196,006
NET BOOK VALUE
At 31 December 2023 1,274,036
At 31 December 2022 1,421,041

Code First Girls Limited (Registered number: 13792640)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,640 49,536 52,176
Additions 3,000 19,131 22,131
At 31 December 2023 5,640 68,667 74,307
DEPRECIATION
At 1 January 2023 98 12,653 12,751
Charge for year 578 19,125 19,703
At 31 December 2023 676 31,778 32,454
NET BOOK VALUE
At 31 December 2023 4,964 36,889 41,853
At 31 December 2022 2,542 36,883 39,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors1,489,425661,360
Other debtors150,1591,900,854
Prepayments and accrued income808,132401,751
2,447,7162,963,965

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors82,61243,848
Taxation and social security183,779165,334
Accruals and deferred income1,338,093858,775
Other creditors17,90014,085
1,622,3841,082,042

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
970,000 Ordinary shares £0.00001 10 10
240,000 Ordinary A shares £0.00001 2 2
12 12

Code First Girls Limited (Registered number: 13792640)

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


9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 129,418 6,274,191 6,403,609
Prior year adjustment 59,514 59,514
188,932 6,463,123
Deficit for the year (1,072,359 ) (1,072,359 )
At 31 December 2023 (883,427 ) 6,274,191 5,390,764

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Brailsford.

11. POST BALANCE SHEET EVENTS

Subsequent to the year end a 100% subsidiary of Code First Girls Limited was incorporated on 28 May 2024.