Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr C Bogh 06/10/2021 Mr P Burgess 06/10/2021 28 January 2025 The principal activity of the Company during the financial period was the provision of information technology consultancy. 13664132 2024-03-31 13664132 bus:Director1 2024-03-31 13664132 bus:Director2 2024-03-31 13664132 core:CurrentFinancialInstruments 2024-03-31 13664132 core:CurrentFinancialInstruments 2023-03-31 13664132 2023-03-31 13664132 core:ShareCapital 2024-03-31 13664132 core:ShareCapital 2023-03-31 13664132 core:RetainedEarningsAccumulatedLosses 2024-03-31 13664132 core:RetainedEarningsAccumulatedLosses 2023-03-31 13664132 bus:OrdinaryShareClass1 2024-03-31 13664132 2023-04-01 2024-03-31 13664132 bus:FilletedAccounts 2023-04-01 2024-03-31 13664132 bus:SmallEntities 2023-04-01 2024-03-31 13664132 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13664132 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13664132 bus:Director1 2023-04-01 2024-03-31 13664132 bus:Director2 2023-04-01 2024-03-31 13664132 2022-04-01 2023-03-31 13664132 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13664132 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13664132 (England and Wales)

THE CODE FUNCTION LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

THE CODE FUNCTION LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

THE CODE FUNCTION LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
THE CODE FUNCTION LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 2 2
Cash at bank and in hand 9,719 25,790
9,721 25,792
Creditors: amounts falling due within one year 4 ( 25,355) ( 26,036)
Net current liabilities (15,634) (244)
Total assets less current liabilities (15,634) (244)
Net liabilities ( 15,634) ( 244)
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 15,636 ) ( 246 )
Total shareholders' deficit ( 15,634) ( 244)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Code Function Ltd (registered number: 13664132) were approved and authorised for issue by the Board of Directors on 28 January 2025. They were signed on its behalf by:

Mr C Bogh
Director
THE CODE FUNCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
THE CODE FUNCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Code Function Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Deansway, Worcester, WR1 2JG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Other debtors 2 2

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 7,966 0
Other taxation and social security 14,619 15,300
Other creditors 2,770 10,736
25,355 26,036

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed by directors 2 2