PTP Accounts Production v24.1.0.578 11670557 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure116705572022-11-30116705572023-11-30116705572022-12-012023-11-30116705572021-11-30116705572021-12-012022-11-30116705572022-11-3011670557ns16:EnglandWales2022-12-012023-11-3011670557ns15:PoundSterling2022-12-012023-11-3011670557ns11:Director12022-12-012023-11-3011670557ns11:PrivateLimitedCompanyLtd2022-12-012023-11-3011670557ns11:SmallEntities2022-12-012023-11-3011670557ns11:AuditExempt-NoAccountantsReport2022-12-012023-11-3011670557ns11:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011670557ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011670557ns11:AbridgedAccounts2022-12-012023-11-3011670557ns11:Director22022-12-012023-11-3011670557ns11:Director32022-12-012023-11-3011670557ns11:RegisteredOffice2022-12-012023-11-3011670557ns6:CurrentFinancialInstruments2023-11-3011670557ns6:CurrentFinancialInstruments2022-11-3011670557ns6:Non-currentFinancialInstruments2023-11-3011670557ns6:Non-currentFinancialInstruments2022-11-3011670557ns6:ShareCapital2023-11-3011670557ns6:ShareCapital2022-11-3011670557ns6:RetainedEarningsAccumulatedLosses2023-11-3011670557ns6:RetainedEarningsAccumulatedLosses2022-11-3011670557ns6:FurnitureFittings2022-12-012023-11-3011670557ns6:MotorVehicles2022-12-012023-11-3011670557ns6:ComputerEquipment2022-12-012023-11-30
REGISTERED NUMBER: 11670557 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Codrophenia GX Limited

Codrophenia GX Limited (Registered number: 11670557)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Codrophenia GX Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs D Humphries
Mr S W Norcross
Mr C Seal





REGISTERED OFFICE: 24 Nickstream Lane
Darlington
Co. Durham
DL3 0DB





REGISTERED NUMBER: 11670557 (England and Wales)





ACCOUNTANTS: Lyons Watson
Accountants & Business Advisers
Business Central
2 Union Square
Darlington
Co. Durham
DL1 1GL

Codrophenia GX Limited (Registered number: 11670557)

Abridged Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,773 90,614

CURRENT ASSETS
Debtors 2,600 992
Cash at bank and in hand 13,436 11,932
16,036 12,924
CREDITORS
Amounts falling due within one year 171,001 152,525
NET CURRENT LIABILITIES (154,965 ) (139,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(113,192

)

(48,987

)

CREDITORS
Amounts falling due after more than one
year

5

58,547

95,812
NET LIABILITIES (171,739 ) (144,799 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (171,839 ) (144,899 )
(171,739 ) (144,799 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Codrophenia GX Limited (Registered number: 11670557)

Abridged Balance Sheet - continued
30 November 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 August 2024 and were signed on its behalf by:





Mr S W Norcross - Director


Codrophenia GX Limited (Registered number: 11670557)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Codrophenia GX 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
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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Codrophenia GX Limited (Registered number: 11670557)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 258,578
Additions 945
Disposals (22,500 )
At 30 November 2023 237,023
DEPRECIATION
At 1 December 2022 167,964
Charge for year 44,161
Eliminated on disposal (16,875 )
At 30 November 2023 195,250
NET BOOK VALUE
At 30 November 2023 41,773
At 30 November 2022 90,614

Codrophenia GX Limited (Registered number: 11670557)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
At 1 December 2022 199,503
Disposals (22,500 )
At 30 November 2023 177,003
DEPRECIATION
At 1 December 2022 136,224
Charge for year 32,268
Eliminated on disposal (16,875 )
At 30 November 2023 151,617
NET BOOK VALUE
At 30 November 2023 25,386
At 30 November 2022 63,279

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/11/23 30/11/22
£    £   

Repayable by instalments
Bank loans more 5 yr by instal 9,018 13,892

6. GOING CONCERN

The directors have considered the going concern position in view of the deficit on the balance sheet. The directors have prepared a forecast profit and loss for the coming financial year and anticipate the business will return to an annual trading profit. The directors therefore consider the going concern basis appropriate.