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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Codair Design and Publicity Limited

Codair Design and Publicity Limited (Registered number: 02083736)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Codair Design and Publicity Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Dedross
T Knight
P Roberts





SECRETARY: Miss T Yexley





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 02083736 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Codair Design and Publicity Limited (Registered number: 02083736)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 146,527 145,649

CURRENT ASSETS
Debtors 5 1,062,221 837,990
Cash at bank and in hand 24,311 3,989
1,086,532 841,979
CREDITORS
Amounts falling due within one year 6 512,398 216,203
NET CURRENT ASSETS 574,134 625,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,661

771,425

CREDITORS
Amounts falling due after more than one
year

7

(14,806

)

(23,518

)

PROVISIONS FOR LIABILITIES (18,118 ) (18,118 )
NET ASSETS 687,737 729,789

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 687,637 729,689
SHAREHOLDERS' FUNDS 687,737 729,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Codair Design and Publicity Limited (Registered number: 02083736)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





J Dedross - Director


Codair Design and Publicity Limited (Registered number: 02083736)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Codair Design and Publicity 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

Going concern
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.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existance for the forseeable future. For this reason, they continue to adopt the going concern basis 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

Codair Design and Publicity Limited (Registered number: 02083736)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 240,827 105,915 146,617 72,584 565,943
Additions - 3,493 180,290 5,188 188,971
Disposals - - (192,821 ) - (192,821 )
At 31 March 2024 240,827 109,408 134,086 77,772 562,093
DEPRECIATION
At 1 April 2023 215,122 99,542 50,798 54,832 420,294
Charge for year 6,426 2,584 7,669 10,605 27,284
Eliminated on disposal - - (32,012 ) - (32,012 )
At 31 March 2024 221,548 102,126 26,455 65,437 415,566
NET BOOK VALUE
At 31 March 2024 19,279 7,282 107,631 12,335 146,527
At 31 March 2023 25,705 6,373 95,819 17,752 145,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,173 54,076
Other debtors 18,900 12,600
Owed from parent company 966,734 741,934
Tax 1,841 13,609
Prepayments 20,573 15,771
1,062,221 837,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 220,301 13,897
Trade creditors 137,794 31,060
Tax - 5,829
Social security and other taxes 39,982 34,686
Other creditors 88,264 73,203
Owed to associated company - 37,038
Customer deposits held 1,661 2,711
Accrued expenses 24,396 17,779
512,398 216,203

Codair Design and Publicity Limited (Registered number: 02083736)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,397 10,000
Bank loans - 2-5 years 4,409 13,518
14,806 23,518