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REGISTERED NUMBER: 05270998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CODE ZERO LIMITED

CODE ZERO LIMITED (REGISTERED NUMBER: 05270998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CODE ZERO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D Moore
R J Moore





REGISTERED OFFICE: 50 Coach Road
Hamble
Southampton
SO31 4LW





REGISTERED NUMBER: 05270998 (England and Wales)





ACCOUNTANTS: Hamble Accountancy Ltd
9 Kingfisher Close
Hamble
Southampton
SO31 4PE

CODE ZERO LIMITED (REGISTERED NUMBER: 05270998)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,877 4,650

CURRENT ASSETS
Debtors 5 192,008 89,784
Cash in hand 98,704 206,224
290,712 296,008
CREDITORS
Amounts falling due within one year 6 239,540 226,523
NET CURRENT ASSETS 51,172 69,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,049

74,135

PROVISIONS FOR LIABILITIES 701 1,031
NET ASSETS 53,348 73,104

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,346 73,102
SHAREHOLDERS' FUNDS 53,348 73,104

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.

CODE ZERO LIMITED (REGISTERED NUMBER: 05270998)

BALANCE SHEET - continued
31 DECEMBER 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 25 June 2025 and were signed on its behalf by:




D Moore - Director



R J Moore - Director


CODE ZERO LIMITED (REGISTERED NUMBER: 05270998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Code Zero 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 on a going concern basis and under the historical cost convention.

Turnover
Turnover represents invoiced sales of goods and services net of value added tax. Services turnover is recognised on the day when the services are provided to the client. Software services covering an extended period are allocated over the period the service relates to. Goods turnover is recognised on the date the goods are despatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant & machinery etc. - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 2 (2023 - 2 ) .

CODE ZERO LIMITED (REGISTERED NUMBER: 05270998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 33,851
Additions 1,477
Disposals (26,920 )
At 31 December 2024 8,408
DEPRECIATION
At 1 January 2024 29,201
Charge for year 1,030
Eliminated on disposal (24,700 )
At 31 December 2024 5,531
NET BOOK VALUE
At 31 December 2024 2,877
At 31 December 2023 4,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 133,794 67,275
Prepayments and accrued income 58,214 22,509
192,008 89,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 52,099 33,747
Tax 43,098 27,896
Social security and other taxes 511 467
VAT 12,753 28,542
Directors' current accounts 7,775 57,014
Deferred income 114,259 71,339
Accrued expenses 9,045 7,518
239,540 226,523

CODE ZERO LIMITED (REGISTERED NUMBER: 05270998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
D Moore
Balance outstanding at start of year (31,701 ) (3,045 )
Amounts advanced 119,439 38,616
Amounts repaid (95,031 ) (67,272 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,293 ) (31,701 )

R J Moore
Balance outstanding at start of year (25,313 ) (1,828 )
Amounts advanced 113,421 37,492
Amounts repaid (88,590 ) (60,977 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (482 ) (25,313 )

8. RELATED PARTY DISCLOSURES

Dylan Moore, a 50% shareholder, purchased a commercial vehicle from the company on 30th May 2024 for £9,166, that being the open market value of the vehicle.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CODE ZERO LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Code Zero Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Code Zero Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Code Zero Limited and state those matters that we have agreed to state to the Board of Directors of Code Zero Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Code Zero Limited and its Board of Directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Code Zero Limited. 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 financial statements.






Hamble Accountancy Ltd
9 Kingfisher Close
Hamble
Southampton
SO31 4PE


25 June 2025