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REGISTERED NUMBER: 04609448 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CODIFIED LEGAL LIMITED

CODIFIED LEGAL LIMITED (REGISTERED NUMBER: 04609448)






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


CODIFIED LEGAL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: J N Newton
S C Ollerenshaw
G J Wakefield





SECRETARY: S C Ollerenshaw





REGISTERED OFFICE: 7 Stratford Place
London
W1C 1AY





REGISTERED NUMBER: 04609448 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

CODIFIED LEGAL LIMITED (REGISTERED NUMBER: 04609448)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,949 6,590

CURRENT ASSETS
Stocks 800 7,670
Debtors 5 267,212 197,747
Cash at bank 260,950 360,451
528,962 565,868
CREDITORS
Amounts falling due within one year 6 108,881 160,292
NET CURRENT ASSETS 420,081 405,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,030

412,166

PROVISIONS FOR LIABILITIES 944 1,648
NET ASSETS 424,086 410,518

CAPITAL AND RESERVES
Called up share capital 750 750
Capital redemption reserve 250 250
Retained earnings 423,086 409,518
424,086 410,518

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.

CODIFIED LEGAL LIMITED (REGISTERED NUMBER: 04609448)

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 15 August 2024 and were signed on its behalf by:





G J Wakefield - Director


CODIFIED LEGAL LIMITED (REGISTERED NUMBER: 04609448)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Codified Legal 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.

Turnover
Turnover represents revenue from the provision of legal services.

Revenue receivable for provision of services is recognised by reference to the stage of completion when the stage of completion can be estimated reliably. Where the outcome cannot be estimated reliably , revenue is recognised only to the extent of the expenses recognised that are recoverable. Turnover is disclosed net of VAT

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instrumements are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.


CODIFIED LEGAL LIMITED (REGISTERED NUMBER: 04609448)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,174 25,817 27,991
Additions - 1,203 1,203
Disposals - (14,722 ) (14,722 )
At 31 December 2023 2,174 12,298 14,472
DEPRECIATION
At 1 January 2023 2,174 19,227 21,401
Charge for year - 2,844 2,844
Eliminated on disposal - (14,722 ) (14,722 )
At 31 December 2023 2,174 7,349 9,523
NET BOOK VALUE
At 31 December 2023 - 4,949 4,949
At 31 December 2022 - 6,590 6,590

CODIFIED LEGAL LIMITED (REGISTERED NUMBER: 04609448)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 214,668 156,408
Other debtors 52,544 41,339
267,212 197,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,149 5,349
Taxation and social security 53,675 152,453
Other creditors 32,057 2,490
108,881 160,292