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REGISTERED NUMBER: 06826993 (England and Wales)















Kode Performance Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Kode Performance Limited (Registered number: 06826993)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kode Performance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K H Au





REGISTERED OFFICE: 14 Holly Drive
Minster on Sea
Sheerness
Kent
ME12 3GQ





REGISTERED NUMBER: 06826993 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Kode Performance Limited (Registered number: 06826993)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,542 3,537

CURRENT ASSETS
Inventories 12,639 10,636
Debtors 5 5,753 10,234
Cash at bank and in hand 8,391 8,746
26,783 29,616
CREDITORS
Amounts falling due within one year 6 15,308 13,204
NET CURRENT ASSETS 11,475 16,412
TOTAL ASSETS LESS CURRENT LIABILITIES 22,017 19,949

CREDITORS
Amounts falling due after more than one
year

7

(13,805

)

(22,222

)

PROVISIONS FOR LIABILITIES (1,953 ) -
NET ASSETS/(LIABILITIES) 6,259 (2,273 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 6,257 (2,275 )
SHAREHOLDERS' FUNDS 6,259 (2,273 )

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 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.

Kode Performance Limited (Registered number: 06826993)

Statement of Financial Position - 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 director and authorised for issue on 13 November 2024 and were signed by:





K H Au - Director


Kode Performance Limited (Registered number: 06826993)

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

1. STATUTORY INFORMATION

Kode Performance 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.

Income recognition
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

Kode Performance Limited (Registered number: 06826993)

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 31,526
Additions 9,995
At 31 March 2024 41,521
DEPRECIATION
At 1 April 2023 27,989
Charge for year 2,990
At 31 March 2024 30,979
NET BOOK VALUE
At 31 March 2024 10,542
At 31 March 2023 3,537

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors - 4,492

Amounts falling due after more than one year:
Other debtors 5,753 5,742

Aggregate amounts 5,753 10,234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,436 8,436
Taxation and social security 2,466 3,736
Other creditors 4,406 1,032
15,308 13,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,805 22,222

Kode Performance Limited (Registered number: 06826993)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K H Au
Balance outstanding at start of year 4,492 6,083
Amounts repaid (4,492 ) (1,591 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,492