Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07696765 Mrs C Hitchcock Mr B Hitchcock Mrs C Hitchcock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07696765 2023-07-31 07696765 2024-07-31 07696765 2023-08-01 2024-07-31 07696765 frs-core:CurrentFinancialInstruments 2024-07-31 07696765 frs-core:Non-currentFinancialInstruments 2024-07-31 07696765 frs-core:BetweenOneFiveYears 2024-07-31 07696765 frs-core:ComputerEquipment 2024-07-31 07696765 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07696765 frs-core:ComputerEquipment 2023-07-31 07696765 frs-core:MotorVehicles 2024-07-31 07696765 frs-core:MotorVehicles 2023-08-01 2024-07-31 07696765 frs-core:MotorVehicles 2023-07-31 07696765 frs-core:WithinOneYear 2024-07-31 07696765 frs-core:ShareCapital 2024-07-31 07696765 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07696765 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07696765 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07696765 frs-bus:SmallEntities 2023-08-01 2024-07-31 07696765 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07696765 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07696765 frs-bus:Director1 2023-08-01 2024-07-31 07696765 frs-bus:Director2 2023-08-01 2024-07-31 07696765 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 07696765 frs-countries:EnglandWales 2023-08-01 2024-07-31 07696765 2022-07-31 07696765 2023-07-31 07696765 2022-08-01 2023-07-31 07696765 frs-core:CurrentFinancialInstruments 2023-07-31 07696765 frs-core:Non-currentFinancialInstruments 2023-07-31 07696765 frs-core:BetweenOneFiveYears 2023-07-31 07696765 frs-core:WithinOneYear 2023-07-31 07696765 frs-core:ShareCapital 2023-07-31 07696765 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07696765
Code365 Ltd
Financial Statements
For The Year Ended 31 July 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07696765
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,444 39,541
32,444 39,541
CURRENT ASSETS
Debtors 5 34,184 -
Cash at bank and in hand 22,622 74,457
56,806 74,457
Creditors: Amounts Falling Due Within One Year 6 (28,857 ) (22,048 )
NET CURRENT ASSETS (LIABILITIES) 27,949 52,409
TOTAL ASSETS LESS CURRENT LIABILITIES 60,393 91,950
Creditors: Amounts Falling Due After More Than One Year 7 (59,534 ) (85,618 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (150 )
NET ASSETS 859 6,182
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 759 6,082
SHAREHOLDERS' FUNDS 859 6,182
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Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B Hitchcock
Director
31/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Code365 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07696765 . The registered office is 38 Coniston Road, Kings Langley, Hertfordshire, WD4 8BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25%
Computer Equipment 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 40,387 28,042 68,429
Additions - 3,717 3,717
As at 31 July 2024 40,387 31,759 72,146
Depreciation
As at 1 August 2023 10,097 18,791 28,888
Provided during the period 7,572 3,242 10,814
As at 31 July 2024 17,669 22,033 39,702
Net Book Value
As at 31 July 2024 22,718 9,726 32,444
As at 1 August 2023 30,290 9,251 39,541
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,840 -
Other debtors 18,344 -
34,184 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,453 2,453
Bank loans and overdrafts 7,755 7,755
Other creditors 4,680 5,165
Taxation and social security 13,969 6,675
28,857 22,048
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,945 30,508
Bank loans > one year 25,233 30,906
Other creditors 1,740 -
Taxation and social security 8,616 24,204
59,534 85,618
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,453 2,453
Later than one year and not later than five years 23,945 30,508
26,398 32,961
26,398 32,961
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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