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REGISTERED NUMBER: 03874501 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Coda Commerce Limited

Coda Commerce Limited (Registered number: 03874501)

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


Coda Commerce Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: D E Blackwell
L D Blackwell





SECRETARY: D A Blackwell





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 03874501 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Coda Commerce Limited (Registered number: 03874501)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,250 200,953

CURRENT ASSETS
Debtors 5 948,672 693,522
Cash at bank 469,536 589,098
1,418,208 1,282,620
CREDITORS
Amounts falling due within one year 6 216,161 178,902
NET CURRENT ASSETS 1,202,047 1,103,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,401,297

1,304,671

CREDITORS
Amounts falling due after more than
one year

7

112,169

140,104
NET ASSETS 1,289,128 1,164,567

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 1,288,128 1,163,567
SHAREHOLDERS' FUNDS 1,289,128 1,164,567

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.

Coda Commerce Limited (Registered number: 03874501)

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 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:




D E Blackwell - Director



L D Blackwell - Director


Coda Commerce Limited (Registered number: 03874501)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Coda Commerce 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.

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 - 25% on reducing balance

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.

Coda Commerce Limited (Registered number: 03874501)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 416,086
Additions 50,726
At 31 March 2024 466,812
DEPRECIATION
At 1 April 2023 215,133
Charge for year 52,429
At 31 March 2024 267,562
NET BOOK VALUE
At 31 March 2024 199,250
At 31 March 2023 200,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 186,277 176,153
Amounts owed by associates 761,744 512,744
Other debtors 651 4,625
948,672 693,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 28,470 28,470
Trade creditors 5,173 8,948
Taxation and social security 175,003 139,091
Other creditors 7,515 2,393
216,161 178,902

Coda Commerce Limited (Registered number: 03874501)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 112,169 140,104

8. RESERVES
Retained
earnings
£   

At 1 April 2023 1,163,567
Profit for the year 432,562
Dividends (308,001 )
At 31 March 2024 1,288,128

9. RELATED PARTY DISCLOSURES

Included in other debtors in note 6 there is an amount of £761,744 in respect of loans made to Coda Commerce Property Ltd. ( CCPL ). ( 2023 £512,7441 )
CCPL is jointly owned by the two directors. With effect from 1/1/21 the company has rented premises from CCPL.