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REGISTERED NUMBER: 10660008 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

CodeVerse Limited

CodeVerse Limited (Registered number: 10660008)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 6


CodeVerse Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P McGolpin
A Clarke
D McGolpin
J A Fogden





REGISTERED OFFICE: Office 1
Fairfield Business Park
Green Road
Penistone
S36 6FQ





REGISTERED NUMBER: 10660008 (England and Wales)






CodeVerse Limited

Company Information
for the Year Ended 30 September 2024







ACCOUNTANTS: Finoptus Consulting Limited
Office 1
Fairfield Business Park
Green Road
Penistone
South Yorkshire
S36 6FQ

CodeVerse Limited (Registered number: 10660008)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 206 52
206 52

CURRENT ASSETS
Debtors 6 88,069 164,840
Cash at bank 143,700 74,049
231,769 238,889
CREDITORS
Amounts falling due within one
year

7

114,316

148,347
NET CURRENT ASSETS 117,453 90,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,659

90,594

CREDITORS
Amounts falling due after more
than one year

8

29,167

64,167
NET ASSETS 88,492 26,427

CodeVerse Limited (Registered number: 10660008)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,392 26,327
88,492 26,427

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

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

CodeVerse Limited (Registered number: 10660008)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





P McGolpin - Director


CodeVerse Limited (Registered number: 10660008)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

CodeVerse 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.

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.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

CodeVerse Limited (Registered number: 10660008)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 33% Straight line
Fixtures and fittings - 33% Straight line

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.

CodeVerse Limited (Registered number: 10660008)

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

2. ACCOUNTING POLICIES - continued

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.

Factoring
The company factors certain of its trade debts by way of a factoring facility. The company policy is to include trade debts factored within trade debtors within one year and the amount advanced in respect of the future proceeds is recorded in bank loans and overdrafts. Factoring fees and interest are charged to the profit and loss account when incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

CodeVerse Limited (Registered number: 10660008)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 72,224
AMORTISATION
At 1 October 2023
and 30 September 2024 72,224
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

CodeVerse Limited (Registered number: 10660008)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 5,427 5,654 11,081
Additions - 204 204
At 30 September 2024 5,427 5,858 11,285
DEPRECIATION
At 1 October 2023 5,427 5,602 11,029
Charge for year - 50 50
At 30 September 2024 5,427 5,652 11,079
NET BOOK VALUE
At 30 September 2024 - 206 206
At 30 September 2023 - 52 52

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,035 132,959
Other debtors 40,034 31,881
88,069 164,840

CodeVerse Limited (Registered number: 10660008)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,000 35,000
Trade creditors 20,894 31,065
Taxation and social security 55,700 74,083
Other creditors 2,722 8,199
114,316 148,347

The bank loan is secured by way of a fixed and floating charge over all of the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 29,167 64,167

The bank loan is secured by way of a fixed and floating charge over all of the assets of the company.

CodeVerse Limited (Registered number: 10660008)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
P McGolpin
Balance outstanding at start of year 837 -
Amounts advanced 2,391 978
Amounts repaid - (141 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,228 837