Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 December 2023
Directors | |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 3 | |||||||
Investments | 4 | |||||||
Current assets | ||||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ( | ( | ||||||
Total assets less current liabilities | ( | ( | ||||||
Net assets | ( | ( | ||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Share premium | ||||||||
Profit and loss account | ( | ( | ||||||
Shareholders' funds | ( | ( |
The financial statements were approved and authorised for issue by the Board of Directors on 20 September 2024, and are signed on its behalf by: |
Director Registered Company No. 06969762 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Going concern | |
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Judgements and key sources of estimation uncertainty | |
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There have been no significant judgements or estimates applied to the numbers contained within these financial statements. |
Turnover policy | |
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Revenue from rendering of services | |
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Revenue from the rendering of services is recognised by reference to the stage of completion of the transaction providing that; the amount of revenue associated with the transaction can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, the stage of completion of the transaction can be measured reliably and the costs incurred or to be incurred in respect of completing the transaction can be measured reliably. The stage of completion of a contract is measured by comparing the value of services provided at the statement of financial position date, to the total value of services to be provided over the life of the contract. Invoiced revenue amounts are initially credited to the statement of financial position to be recognised as deferred income. Amounts are subsequently transferred to the income statement and recognised as revenue as the company performs the services for which the revenue is receivable. Any income amounts remaining on the statement of financial position at the year-end date represents the total amount of deferred income at that date. Any amounts received in advance of the subscription or service period are recorded as deferred income and released to revenue in accordance with the period to which the subscription or service relates. The company primarily generates revenue from subscription licenses, which is recognised on a straight-line basis over the subscription period to align with the delivery of the service. Revenue from set-up fees and content development requests is recognised based on the stage of completion or over the service period, depending on the nature of the work. Any payments received in advance are treated as deferred income and recognised as revenue over the period in which the services are provided. Any amounts received in advance of the subscription or service period are recorded as deferred income and released to revenue in accordance with the period to which the subscription or service relates. |
Employee benefits | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Research and development | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Office Equipment |
Investments | |
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Financial instruments | |
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Related parties | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Tangible fixed assets |
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Office Equipment | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 23 | ||||
Disposals | ( | ( | ||
At 31 December 23 | ||||
Depreciation and impairment | ||||
At 01 January 23 | ||||
Charge for year | ||||
On disposals | ( | ( | ||
At 31 December 23 | ||||
Net book value | ||||
At 31 December 23 | ||||
At 31 December 22 |
4. | Fixed asset investments |
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Investments in groups1 | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 23 | ||||
Additions | ||||
At 31 December 23 | ||||
Net book value | ||||
At 31 December 23 | ||||
At 31 December 22 |
Notes | |
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1Investments in group undertakings and participating interests |
5. | Debtors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Amounts owed by group undertakings | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
6. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Amounts owed to related parties | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
7. | Controlling party |
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The ultimate controlling party is Codio Group Inc, incorporated in state of Delaware, United States. |