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Registration number: 15159314

Codenismo Ltd

Annual Report and Unaudited Financial Statements

for the Period from 23 September 2023 to 30 September 2024

 

Codenismo Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 14

iXBRL Detailed Profit and Loss Account

15

 

Codenismo Ltd

Company Information

Director

Asma Ramzan

Registered office

21 Thwaites Road
Oswaldtwistle
Lancashire
BB5 4QT

Accountants

A.Y.A Accountants Limited
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

Codenismo Ltd

Director's Report for the Period from 23 September 2023 to 30 September 2024

The report and the financial statements for the period from 23 September 2023 to 30 September 2024.

Incorporation

The company was incorporated and commenced trading on 23 September 2023.

Director of the company

The director who held office during the period was as follows:

Asma Ramzan (appointed 23 September 2023)

Principal activity

The principal activity of the company is IT Consultant

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 October 2024
 

.........................................
Asma Ramzan
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Codenismo Ltd
for the Period Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Codenismo Ltd for the period ended 30 September 2024 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Codenismo Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Codenismo Ltd and state those matters that we have agreed to state to the Board of Directors of Codenismo Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Codenismo Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Codenismo Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Codenismo Ltd. You consider that Codenismo Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Codenismo Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A.Y.A Accountants Limited
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

15 October 2024

 

Codenismo Ltd

Profit and Loss Account for the Period from 23 September 2023 to 30 September 2024

Note

2024
£

Turnover

 

50,263

Gross profit

 

50,263

Administrative expenses

 

(9,633)

Operating profit

 

40,630

Profit before tax

4

40,630

Tax on profit

 

(7,578)

Profit for the financial period

 

33,052

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Codenismo Ltd

Statement of Comprehensive Income for the Period from 23 September 2023 to 30 September 2024

2024
£

Profit for the period

33,052

Total comprehensive income for the period

33,052

 

Codenismo Ltd

(Registration number: 15159314)
Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

746

Current assets

 

Cash at bank and in hand

 

16,205

Creditors: Amounts falling due within one year

7

(7,898)

Net current assets

 

8,307

Net assets

 

9,053

Capital and reserves

 

Called up share capital

8

1

Retained earnings

9,052

Shareholders' funds

 

9,053

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 October 2024
 

.........................................
Asma Ramzan
Director

 

Codenismo Ltd

Statement of Changes in Equity for the Period from 23 September 2023 to 30 September 2024

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

33,052

33,052

Dividends

-

(24,000)

(24,000)

New share capital subscribed

1

-

1

At 30 September 2024

1

9,052

9,053

 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Thwaites Road
Oswaldtwistle
Lancashire
BB5 4QT
England and Wales

These financial statements were authorised for issue by the director on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Per Annum Reducing Balance Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

186

 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

933

933

At 30 September 2024

933

933

Depreciation

Charge for the period

187

187

At 30 September 2024

187

187

Carrying amount

At 30 September 2024

746

746

6

Debtors

Current

2024
£

 

-

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

7,578

Accruals and deferred income

320

7,898

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1

   
 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

9

Dividends

2024

£

 

10

Related party transactions

 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

6,288

11

Transition to FRS 102

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Codenismo Ltd

Notes to the Unaudited Financial Statements for the Period from 23 September 2023 to 30 September 2024

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Turnover

-

-

-

-

Operating profit/(loss)

-

-

-

-

Profit/(loss) before tax

-

-

-

-

Profit/(loss) for the financial period

-

-

-

-

 

Codenismo Ltd

iXBRL Detailed Profit and Loss Account for the Period from 23 September 2023 to 30 September 2024

2024
£

Turnover/revenue

50,263

Cost of sales

Opening stock/inventories

-

Closing stock/inventories

-

Gross profit

50,263

Distribution costs

Administrative expenses

Audit and accountancy other services

(1,035)

Depreciation of fixed assets

(186)

Salaries and fees, directors

(6,288)

Travel and subsistence

(1,068)

Legal and professional costs

(108)

Insurance costs

(133)

Telecommunications

(297)

Printing, postage and stationery

(168)

Other costs

(350)

Other operating income

Other items

Profit on ordinary activities before taxation

40,630

Tax on profit or loss on ordinary activities

(7,578)

Profit for the financial period

33,052