IRIS Accounts Production v24.2.0.383 06709237 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067092372023-12-31067092372024-12-31067092372024-01-012024-12-31067092372022-12-31067092372023-01-012023-12-31067092372023-12-3106709237ns15:EnglandWales2024-01-012024-12-3106709237ns14:PoundSterling2024-01-012024-12-3106709237ns10:Director12024-01-012024-12-3106709237ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106709237ns10:SmallEntities2024-01-012024-12-3106709237ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106709237ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106709237ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106709237ns10:FullAccounts2024-01-012024-12-3106709237ns10:OrdinaryShareClass22024-01-012024-12-3106709237ns10:OrdinaryShareClass32024-01-012024-12-3106709237ns10:Director22024-01-012024-12-3106709237ns10:RegisteredOffice2024-01-012024-12-3106709237ns5:CurrentFinancialInstruments2024-12-3106709237ns5:CurrentFinancialInstruments2023-12-3106709237ns5:Non-currentFinancialInstruments2024-12-3106709237ns5:Non-currentFinancialInstruments2023-12-3106709237ns5:ShareCapital2024-12-3106709237ns5:ShareCapital2023-12-3106709237ns5:RetainedEarningsAccumulatedLosses2024-12-3106709237ns5:RetainedEarningsAccumulatedLosses2023-12-3106709237ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3106709237ns5:FurnitureFittings2024-01-012024-12-3106709237ns5:ComputerEquipment2024-01-012024-12-3106709237ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3106709237ns5:FurnitureFittings2023-12-3106709237ns5:ComputerEquipment2023-12-3106709237ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3106709237ns5:FurnitureFittings2024-12-3106709237ns5:ComputerEquipment2024-12-3106709237ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3106709237ns5:FurnitureFittings2023-12-3106709237ns5:ComputerEquipment2023-12-3106709237ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106709237ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106709237ns10:OrdinaryShareClass22024-12-3106709237ns10:OrdinaryShareClass32024-12-31

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CODA COMMUNICATIONS LIMITED

CODA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06709237)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CODA COMMUNICATIONS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: Mr C P Lawrenson
Mrs J Swain





REGISTERED OFFICE: 2nd Floor, Jonsen House
43 Commercial Road
Poole
Dorset
BH14 0HU





REGISTERED NUMBER: 06709237 (England and Wales)






CODA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06709237)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 95,574 108,500

CURRENT ASSETS
Debtors 5 649,020 709,276
Cash at bank and in hand 315,865 439,954
964,885 1,149,230
CREDITORS
Amounts falling due within one year 6 (471,188 ) (315,076 )
NET CURRENT ASSETS 493,697 834,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,271

942,654

CREDITORS
Amounts falling due after more than one year 7 - (96 )

PROVISIONS FOR LIABILITIES (18,811 ) (21,157 )
NET ASSETS 570,460 921,401

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 570,360 921,301
SHAREHOLDERS' FUNDS 570,460 921,401

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

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

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 3 March 2025 and were signed on its behalf by:





Mrs J Swain - Director


CODA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06709237)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Coda Communications 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 recognised as the right to consideration is obtained through the performance of contractual obligations.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Evenly over the term of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 34 (2023 - 28 ) .

CODA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06709237)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 50,801 46,776 72,312 169,889
Additions 2,899 585 16,681 20,165
Disposals - (12,797 ) (26,807 ) (39,604 )
At 31 December 2024 53,700 34,564 62,186 150,450
DEPRECIATION
At 1 January 2024 4,939 11,474 44,976 61,389
Charge for year 8,572 6,277 14,623 29,472
Eliminated on disposal - (9,178 ) (26,807 ) (35,985 )
At 31 December 2024 13,511 8,573 32,792 54,876
NET BOOK VALUE
At 31 December 2024 40,189 25,991 29,394 95,574
At 31 December 2023 45,862 35,302 27,336 108,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 591,026 684,009
Other debtors 57,994 25,267
649,020 709,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 135,234 49,748
Taxation and social security 195,178 127,123
Other creditors 140,776 138,205
471,188 315,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 96

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 'A' £1 50 50
50 Ordinary 'B' £1 50 50
100 100

9. OTHER FINANCIAL COMMITMENTS

Total commitments under operating leases amounted to £110,417as at 31 December 2024 (31 December 2023: £135,417).

CODA COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06709237)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

10. EMPLOYEE OWNERSHIP TRUST

During the year under review, the Director Mr C P Lawrenson and his spouse sold the entire issued share capital to Coda Communications Employee Ownership Trust. The terms of the acquisition by the Employee Ownership Trust were to pay an up front sum, funded out of Coda Communications Limited reserves, with the remainder being deferred consideration. This transaction has resulted in the Shareholders' funds of the company having reduced by £350,941 on the comparative period.