Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-318The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2024-04-01falseIndustrial coding13truefalse 05420692 2024-04-01 2025-03-31 05420692 2023-04-01 2024-03-31 05420692 2025-03-31 05420692 2024-03-31 05420692 c:Director1 2024-04-01 2025-03-31 05420692 d:PlantMachinery 2024-04-01 2025-03-31 05420692 d:PlantMachinery 2025-03-31 05420692 d:PlantMachinery 2024-03-31 05420692 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05420692 d:MotorVehicles 2024-04-01 2025-03-31 05420692 d:MotorVehicles 2025-03-31 05420692 d:MotorVehicles 2024-03-31 05420692 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05420692 d:FurnitureFittings 2024-04-01 2025-03-31 05420692 d:FurnitureFittings 2025-03-31 05420692 d:FurnitureFittings 2024-03-31 05420692 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05420692 d:ComputerEquipment 2024-04-01 2025-03-31 05420692 d:ComputerEquipment 2025-03-31 05420692 d:ComputerEquipment 2024-03-31 05420692 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05420692 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05420692 d:CurrentFinancialInstruments 2025-03-31 05420692 d:CurrentFinancialInstruments 2024-03-31 05420692 d:Non-currentFinancialInstruments 2025-03-31 05420692 d:Non-currentFinancialInstruments 2024-03-31 05420692 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 05420692 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05420692 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 05420692 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05420692 d:ShareCapital 2025-03-31 05420692 d:ShareCapital 2024-03-31 05420692 d:SharePremium 2025-03-31 05420692 d:SharePremium 2024-03-31 05420692 d:RetainedEarningsAccumulatedLosses 2025-03-31 05420692 d:RetainedEarningsAccumulatedLosses 2024-03-31 05420692 c:FRS102 2024-04-01 2025-03-31 05420692 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05420692 c:FullAccounts 2024-04-01 2025-03-31 05420692 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05420692 d:HirePurchaseContracts d:WithinOneYear 2025-03-31 05420692 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 05420692 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-03-31 05420692 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 05420692 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-03-31 05420692 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 05420692 d:LeasedAssetsHeldAsLessee 2025-03-31 05420692 d:LeasedAssetsHeldAsLessee 2024-03-31 05420692 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 05420692









CODEOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
CODEOLOGY LIMITED
REGISTERED NUMBER: 05420692

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,064
27,792

  
22,064
27,792

Current assets
  

Stocks
 5 
102,442
102,442

Debtors: amounts falling due within one year
 6 
117,499
118,001

Cash at bank and in hand
 7 
40,162
79,140

  
260,103
299,583

Creditors: amounts falling due within one year
 8 
(168,236)
(214,645)

Net current assets
  
 
 
91,867
 
 
84,938

Total assets less current liabilities
  
113,931
112,730

Creditors: amounts falling due after more than one year
 9 
-
(7,798)

  

Net assets
  
113,931
104,932


Capital and reserves
  

Called up share capital 
  
112
112

Share premium account
  
9,998
9,988

Profit and loss account
  
103,821
94,832

  
113,931
104,932


Page 1

 
CODEOLOGY LIMITED
REGISTERED NUMBER: 05420692
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2025.





................................................
Louis James Mason
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activities were the design and development of industrial coding and marking equipment for the food industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2024 - 8).

Page 5

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
12,329
60,094
1,202
9,914
83,539


Additions
-
-
-
1,852
1,852



At 31 March 2025

12,329
60,094
1,202
11,766
85,391



Depreciation


At 1 April 2024
5,553
39,699
1,069
9,426
55,747


Charge for the year on owned assets
1,355
5,100
20
1,105
7,580



At 31 March 2025

6,908
44,799
1,089
10,531
63,327



Net book value



At 31 March 2025
5,421
15,295
113
1,235
22,064



At 31 March 2024
6,776
20,395
133
488
27,792

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
-
20,395

-
20,395


5.


Stocks

2025
2024
£
£

Raw materials and consumables
102,442
102,442

102,442
102,442


Page 6

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
82,444
70,537

Amounts owed by group undertakings
17,603
24,301

Other debtors
5,600
9,800

Prepayments and accrued income
11,852
13,363

117,499
118,001



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
40,162
79,140

40,162
79,140


Page 7

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
4,501
46,918

Amounts owed to parent company
145,869
150,000

Other taxation and social security
16,169
6,025

Obligations under finance lease and hire purchase contracts
-
8,847

Other creditors
102
605

Accruals and deferred income
1,595
2,250

168,236
214,645


The following liabilities were secured:

2025
2024
£
£



Obligations under finance lease and hire purchase contracts
-
8,847

-
8,847

Details of security provided:

Hire purchase contracts are secured over the asset concerned.

Page 8

 
CODEOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
-
7,798

-
7,798


The following liabilities were secured:

2025
2024
£
£



Net obligations under finance leases and hire purchase contracts
-
7,798

-
7,798

Details of security provided:

Hire purchase contracts are secured over the asset concerned.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
-
8,847

Between 1-5 years
-
7,798

-
16,645


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,918 (2024 - £2,575). Contributions totaling £Nil (2024 - £503) were payable to the fund at the balance sheet date.


12.


Controlling party

The Company is controlled by the parent company, Codeology Group Limited.
The Company's ultimate parent company is Control Print Limited.

 
Page 9