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REGISTERED NUMBER: 02025902 (England and Wales)















Codeco Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Codeco Limited (Registered number: 02025902)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Codeco Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M P Doust
Mrs D Doust





SECRETARY: Mrs D Doust





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: The Haven
63-65 High Street
Littleton Panell
Devizes
Wiltshire
SN10 4ES





REGISTERED NUMBER: 02025902 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Codeco Limited (Registered number: 02025902)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 15,000 503
Cash at bank 21,493 11,722
36,493 12,225
CREDITORS
Amounts falling due within one year 7 31,735 61,626
NET CURRENT ASSETS/(LIABILITIES) 4,758 (49,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,758 (49,401 )

CREDITORS
Amounts falling due after more than one
year

8

6,843

14,868
NET LIABILITIES (2,085 ) (64,269 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (2,186 ) (64,370 )
SHAREHOLDERS' FUNDS (2,085 ) (64,269 )

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

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

Codeco Limited (Registered number: 02025902)

Statement of Financial Position - continued
31 July 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 21 February 2025 and were signed on its behalf by:





M P Doust - Director


Codeco Limited (Registered number: 02025902)

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

1. STATUTORY INFORMATION

Codeco 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 represents the fair value of consideration received or receivable derived from the provision of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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.

Website is being amortised evenly over its estimated useful life of three years.

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.
Office equipment - 33% on cost

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 from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

Going concern
The financial statements have been prepared adopting the going concern principle despite the balance sheet showing an excess of liabilities over assets of £2,085. The company is expected to generate sufficient future profits to reduce this deficit. Inn addition, current liabilities include amounts of £8,956 owed to the directors. The directors have indicated that these amounts will not be repaid by the company until cash flow and profitability allow.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Codeco Limited (Registered number: 02025902)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 24,495
AMORTISATION
At 1 August 2023
and 31 July 2024 24,495
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 1,676
DEPRECIATION
At 1 August 2023
and 31 July 2024 1,676
NET BOOK VALUE
At 31 July 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,000 -
Other debtors - 503
15,000 503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,026 7,828
Taxation and social security 13,554 22,873
Other creditors 10,155 30,925
31,735 61,626

Codeco Limited (Registered number: 02025902)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,843 14,868