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REGISTERED NUMBER: 13792640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Code First Girls Limited

Code First Girls Limited (Registered number: 13792640)

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


Code First Girls Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Bentinck
M P Clifford
A Brailsford
T D Profumo





REGISTERED OFFICE: 3rd Floor
20-24 Old Street
London
EC1V 9AP





REGISTERED NUMBER: 13792640 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

Code First Girls Limited (Registered number: 13792640)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,127,032 1,274,036
Tangible assets 5 23,907 41,853
Investments 6 100 -
1,151,039 1,315,889

CURRENT ASSETS
Debtors 7 979,526 2,475,381
Cash at bank 2,493,837 3,221,889
3,473,363 5,697,270
CREDITORS
Amounts falling due within one year 8 985,862 1,672,220
NET CURRENT ASSETS 2,487,501 4,025,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,638,540

5,340,939

CAPITAL AND RESERVES
Called up share capital 9 12 12
Share premium 10 6,274,191 6,274,191
Other reserves 10 27,152 -
Retained earnings 10 (2,662,815 ) (933,264 )
SHAREHOLDERS' FUNDS 3,638,540 5,340,939

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 2 June 2025 and were signed on its behalf by:





A Brailsford - Director


Code First Girls Limited (Registered number: 13792640)

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


1. STATUTORY INFORMATION

Code First Girls 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
The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of the asset purchase in August 2022, over the fair value of the net identifiable assets acquired. Goodwill is included within ‘intangible assets’ and is carried at cost less accumulated amortisation and accumulated impairment losses.

Goodwill amortisation is calculated by applying the straight-line method to its estimated useful life. If a reliable estimate cannot be made, the useful economic life of goodwill is presumed to be 10 years. Goodwill is being amortised to ‘administrative expenses’ over a 10 year period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.


Code First Girls Limited (Registered number: 13792640)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 57 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1,470,042
AMORTISATION
At 1 January 2024 196,006
Amortisation for year 147,004
At 31 December 2024 343,010
NET BOOK VALUE
At 31 December 2024 1,127,032
At 31 December 2023 1,274,036

Code First Girls Limited (Registered number: 13792640)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 5,640 68,667 74,307
Additions 747 3,516 4,263
Disposals - (2,372 ) (2,372 )
At 31 December 2024 6,387 69,811 76,198
DEPRECIATION
At 1 January 2024 676 31,778 32,454
Charge for year 1,265 20,417 21,682
Eliminated on disposal - (1,845 ) (1,845 )
At 31 December 2024 1,941 50,350 52,291
NET BOOK VALUE
At 31 December 2024 4,446 19,461 23,907
At 31 December 2023 4,964 36,889 41,853

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 100
At 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 431,190 1,489,425
Other debtors 35,569 106,647
Corporate Tax - 71,178
Prepayments and accrued income 512,767 808,131
979,526 2,475,381

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,698 82,612
Amounts owed to group undertakings 100 -
Social security and other taxes 78,200 101,719
VAT 127,875 82,060
Other creditors 20,169 17,900
Accruals and deferred income 712,820 1,387,929
985,862 1,672,220

Code First Girls Limited (Registered number: 13792640)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
970,000 Ordinary shares £0.00001 10 10
240,000 Ordinary A shares £0.00001 2 2
12 12

10. RESERVES
Retained Share Other
earnings premium reserves Totals
£    £    £    £   

At 1 January 2024 (883,427 ) 6,274,191 - 5,390,764
Prior year adjustment (49,837 ) (49,837 )
(933,264 ) 5,340,927
Deficit for the year (1,729,551 ) (1,729,551 )
Bonus share issue - - 27,152 27,152
At 31 December 2024 (2,662,815 ) 6,274,191 27,152 3,638,528

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Brailsford.

12. SHARE-BASED PAYMENT TRANSACTIONS

The company has an equity settled option scheme.
The company has 35,632 options outstanding at the end of the period.
During the period 35,632 options were granted to employees.
During the period nil options were forfeited.
During the period nil options were exercised.
During the period nil (2023: nil) options expired.
The company has 19,257 exercisable options at the end of the period.
The fair value of the share options has been valued at £1.41 based upon the unrestricted market value.
The valuation of the vested options at 31 December 2024 was £27,152, this was charged to the profit and loss.