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REGISTERED NUMBER: 04070605 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KODERLY LIMITED

KODERLY LIMITED (REGISTERED NUMBER: 04070605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KODERLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr S R Austin
Mr C T Kennedy
Mr I Munro
Mr J Ng





REGISTERED OFFICE: Linley House
Dickinson Street
Manchester
M1 4LF





REGISTERED NUMBER: 04070605 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

KODERLY LIMITED (REGISTERED NUMBER: 04070605)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,138 21,462
10,138 21,462

CURRENT ASSETS
Debtors 6 1,145,149 910,629
Cash at bank and in hand 754,500 362,802
1,899,649 1,273,431
CREDITORS
Amounts falling due within one year 7 374,010 234,737
NET CURRENT ASSETS 1,525,639 1,038,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,535,777

1,060,156

CAPITAL AND RESERVES
Called up share capital 151 151
Retained earnings 1,535,626 1,060,005
SHAREHOLDERS' FUNDS 1,535,777 1,060,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 2 August 2024 and were signed on its behalf by:



Mr C T Kennedy - Director Mr S R Austin - Director



Mr J Ng - Director Mr I Munro - Director


KODERLY LIMITED (REGISTERED NUMBER: 04070605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Koderly Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04070605 and its registered office is at Windsor Works, Hall Street, Oldham, Lancashire, OL4 1TD.

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. In respect of service contracts, turnover is recognised when the company obtains the right to the consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 has been amortised evenly over its estimated useful life of 2 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures, fittings and equipment - 33% on cost and 25% on cost
Computer equipment - 50% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

KODERLY LIMITED (REGISTERED NUMBER: 04070605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 15,000
AMORTISATION
At 1 March 2023
and 29 February 2024 15,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
to and Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1 March 2023 289,690 20,104 53,675 363,469
Disposals - (9,549 ) (15,340 ) (24,889 )
At 29 February 2024 289,690 10,555 38,335 338,580
DEPRECIATION
At 1 March 2023 284,633 16,974 40,400 342,007
Charge for year 567 1,823 8,934 11,324
Eliminated on disposal - (9,549 ) (15,340 ) (24,889 )
At 29 February 2024 285,200 9,248 33,994 328,442
NET BOOK VALUE
At 29 February 2024 4,490 1,307 4,341 10,138
At 28 February 2023 5,057 3,130 13,275 21,462

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 47,466 57,920
Amounts owed by group undertakings 1,073,774 806,190
Other debtors 23,909 46,519
1,145,149 910,629

KODERLY LIMITED (REGISTERED NUMBER: 04070605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 5,216 6,374
Taxation and social security 252,095 108,219
Other creditors 116,699 120,144
374,010 234,737

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 19,881 94,651
Between one and five years - 33,474
19,881 128,125