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REGISTERED NUMBER: 10380293 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Code 56 Limited

Code 56 Limited (Registered number: 10380293)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Code 56 Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr O H Conti





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 10380293 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Code 56 Limited (Registered number: 10380293)

Balance Sheet
30th April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 50,858 45,525
Cash at bank 25,845 34,773
76,703 80,298
CREDITORS
Amounts falling due within one year 5 57,563 56,068
NET CURRENT ASSETS 19,140 24,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,140

24,230

CREDITORS
Amounts falling due after more than one
year

6

19,769

23,658
NET (LIABILITIES)/ASSETS (629 ) 572

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings (659 ) 542
SHAREHOLDERS' FUNDS (629 ) 572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 56 Limited (Registered number: 10380293)

Balance Sheet - continued
30th April 2024


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 director and authorised for issue on 6th November 2024 and were signed by:





Mr O H Conti - Director


Code 56 Limited (Registered number: 10380293)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Code 56 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 is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

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 3 (2023 - 3 ) .

Code 56 Limited (Registered number: 10380293)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,720 26,106
Other debtors 33,138 19,419
50,858 45,525

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,889 3,889
Trade creditors 10,978 17,218
Taxation and social security 14,668 13,543
Other creditors 28,028 21,418
57,563 56,068

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 19,769 23,658

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 4,213 8,102

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,706 13,001
Between one and five years 7,731 20,856
20,437 33,857

Code 56 Limited (Registered number: 10380293)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr O H Conti
Balance outstanding at start of year 16,478 -
Amounts advanced 13,282 16,478
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,760 16,478

Interest of £564 (2023 - £212), at a rate of 2.25% (2023 - 2.0% and 2.25%), has been paid to the company in respect of these advances and there are no fixed terms for repayment.