IRIS Accounts Production v24.3.0.553 11418669 Board of Directors 1.7.23 30.6.24 30.6.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114186692023-06-30114186692024-06-30114186692023-07-012024-06-30114186692022-06-30114186692022-07-012023-06-30114186692023-06-3011418669ns15:EnglandWales2023-07-012024-06-3011418669ns14:PoundSterling2023-07-012024-06-3011418669ns10:Director12023-07-012024-06-3011418669ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011418669ns10:SmallEntities2023-07-012024-06-3011418669ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011418669ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011418669ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011418669ns10:FullAccounts2023-07-012024-06-301141866912023-07-012024-06-3011418669ns10:Director22023-07-012024-06-3011418669ns10:Director32023-07-012024-06-3011418669ns10:Director52023-07-012024-06-3011418669ns10:CompanySecretary12023-07-012024-06-3011418669ns10:RegisteredOffice2023-07-012024-06-3011418669ns5:CurrentFinancialInstruments2024-06-3011418669ns5:CurrentFinancialInstruments2023-06-3011418669ns5:ShareCapital2024-06-3011418669ns5:ShareCapital2023-06-3011418669ns5:SharePremium2024-06-3011418669ns5:SharePremium2023-06-3011418669ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3011418669ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3011418669ns5:RetainedEarningsAccumulatedLosses2024-06-3011418669ns5:RetainedEarningsAccumulatedLosses2023-06-3011418669ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011418669ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-3011418669ns5:PlantMachinery2023-07-012024-06-3011418669ns5:IntangibleAssetsOtherThanGoodwill2023-06-3011418669ns5:IntangibleAssetsOtherThanGoodwill2024-06-3011418669ns5:IntangibleAssetsOtherThanGoodwill2023-06-3011418669ns5:PlantMachinery2023-06-3011418669ns5:PlantMachinery2024-06-3011418669ns5:PlantMachinery2023-06-3011418669ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3011418669ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 11418669 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CODICES INTERACTIVE LIMITED

CODICES INTERACTIVE LIMITED (REGISTERED NUMBER: 11418669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CODICES INTERACTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr T J Edwards
Mr D M Osbourn
Mr F Pombeiro
Mr M T G Dickinson





SECRETARY: Mr T J Edwards





REGISTERED OFFICE: Air Building
Penryn Campus
PENRYN
Cornwall
TR10 9FE





REGISTERED NUMBER: 11418669 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

CODICES INTERACTIVE LIMITED (REGISTERED NUMBER: 11418669)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,868 10,490
Tangible assets 5 1,771 354
9,639 10,844

CURRENT ASSETS
Debtors 6 39,344 69,966
Cash at bank 25,233 380,552
64,577 450,518
CREDITORS
Amounts falling due within one year 7 46,859 56,755
NET CURRENT ASSETS 17,718 393,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,357

404,607

CAPITAL AND RESERVES
Called up share capital 8 16,528 16,514
Share premium 1,885,814 1,878,327
Advance subscription agreement 40,000 -
Retained earnings (1,914,985 ) (1,490,234 )
SHAREHOLDERS' FUNDS 27,357 404,607

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

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

CODICES INTERACTIVE LIMITED (REGISTERED NUMBER: 11418669)

BALANCE SHEET - continued
30 JUNE 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 25 November 2024 and were signed on its behalf by:





Mr T J Edwards - Director


CODICES INTERACTIVE LIMITED (REGISTERED NUMBER: 11418669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Codices Interactive 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.

The company has incurred a loss in this financial year of £424,751. In order to manage cash flow over the next 12 months the directors have reduced the fixed cost base of the business and have sought, and received, additional investment into the company after the year end. Moving forward, the focus of the company is to generate new revenue from existing projects and to seek the sale of one of its core products. On the basis of the reduced expenditure, the receipt of new investment into the company and the director's plans and expectations for the forthcoming 12 months, the director considers the company to be a going concern and the accounts have been prepared accordingly

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

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

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.

Trademarks are being amortised evenly over their estimated useful life of five years.

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

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.

CODICES INTERACTIVE LIMITED (REGISTERED NUMBER: 11418669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 NIL (2023 - 8 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 13,113
AMORTISATION
At 1 July 2023 2,623
Charge for year 2,622
At 30 June 2024 5,245
NET BOOK VALUE
At 30 June 2024 7,868
At 30 June 2023 10,490

CODICES INTERACTIVE LIMITED (REGISTERED NUMBER: 11418669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 30,193
Additions 2,354
At 30 June 2024 32,547
DEPRECIATION
At 1 July 2023 29,839
Charge for year 937
At 30 June 2024 30,776
NET BOOK VALUE
At 30 June 2024 1,771
At 30 June 2023 354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 39,344 69,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,958 37,758
Taxation and social security 2,551 7,037
Other creditors 28,350 11,960
46,859 56,755

8. CALLED UP SHARE CAPITAL

Allotted and issued
Nominal 2024 2023
Number: Class: Value: £ £

300,733 Ordinary A £0.01 3,007 3,007
751,000 Ordinary B £0.01 7,510 7,510
375,859 Ordinary C £0.01 3,759 3.745
143,552 Ordinary D £0.01 1,436 1,436
81,630 Ordinary E £0.01 816 816
16,528 16,514

The premium paid on the Ordinary C Shares was £5.54 for the 1,354 shares issued in the year.

During the year, advance subscriptions for shares were received in the sum of £40,000. This sum has been credited to capital reserves until the shares are issued, which is expected to take place shortly after the year end. Upon issue of the shares, this amount will be credited to share capital and share premium.