2 April 2024 false No description of principal activity Taxfiler 2024.6 12672404business:PrivateLimitedCompanyLtd2024-04-022025-04-01 126724042024-04-01 126724042024-04-022025-04-01 12672404business:AuditExemptWithAccountantsReport2024-04-022025-04-01 12672404business:FilletedAccounts2024-04-022025-04-01 126724042025-04-01 126724042024-04-01 12672404core:WithinOneYear2025-04-01 12672404core:WithinOneYear2024-04-01 12672404core:ShareCapitalcore:PreviouslyStatedAmount2025-04-01 12672404core:ShareCapitalcore:PreviouslyStatedAmount2024-04-01 12672404core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-04-01 12672404core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-01 12672404core:PreviouslyStatedAmount2025-04-01 12672404core:PreviouslyStatedAmount2024-04-01 12672404business:SmallEntities2024-04-022025-04-01 12672404business:Director12024-04-022025-04-01 12672404countries:EnglandWales2024-04-022025-04-01 12672404business:RegisteredOffice2024-04-022025-04-01 12672404core:LandBuildings2024-04-01 12672404core:PlantMachinery2024-04-01 12672404core:FurnitureFittings2024-04-01 12672404core:ComputerEquipment2024-04-01 12672404core:LandBuildings2024-04-022025-04-01 12672404core:PlantMachinery2024-04-022025-04-01 12672404core:FurnitureFittings2024-04-022025-04-01 12672404core:ComputerEquipment2024-04-022025-04-01 12672404core:LandBuildings2025-04-01 12672404core:PlantMachinery2025-04-01 12672404core:FurnitureFittings2025-04-01 12672404core:ComputerEquipment2025-04-01 126724042023-04-022024-04-01 iso4217:GBP xbrli:pure
Company Registration No. 12672404 (England and Wales)
Code Mage Ltd Unaudited accounts for the year ended 1 April 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Code Mage Ltd for the year ended 1 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Code Mage Ltd for the year ended 1 April 2025 as set out on pages 3 - 5 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
CFO360 Advisors Ltd Chartered Accountants 483 Green Lanes London N13 4BS 16 July 2025
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Code Mage Ltd Statement of financial position as at 1 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
175,361 
175,361 
Current assets
Debtors
5,111 
35,949 
Cash at bank and in hand
183,676 
137,561 
188,787 
173,510 
Creditors: amounts falling due within one year
(32,648)
(61,084)
Net current assets
156,139 
112,426 
Net assets
331,500 
287,787 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
331,400 
287,687 
Shareholders' funds
331,500 
287,787 
For the year ending 1 April 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by
Dmitri Sologoubenko Director Company Registration No. 12672404
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Code Mage Ltd Notes to the Accounts for the year ended 1 April 2025
1
Statutory information
Code Mage Ltd is a private company, limited by shares, registered in England and Wales, registration number 12672404. The registered office is 124A Morden Road, London, SW19 3BP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 1 April 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 2 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 2 April 2024
175,361 
2,989 
- 
515 
178,865 
Additions
- 
- 
1,124 
265 
1,389 
At 1 April 2025
175,361 
2,989 
1,124 
780 
180,254 
Depreciation
At 2 April 2024
- 
2,989 
- 
515 
3,504 
Charge for the year
- 
- 
1,124 
265 
1,389 
At 1 April 2025
- 
2,989 
1,124 
780 
4,893 
Net book value
At 1 April 2025
175,361 
- 
- 
- 
175,361 
At 1 April 2024
175,361 
- 
- 
- 
175,361 
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Code Mage Ltd Notes to the Accounts for the year ended 1 April 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
116 
90 
Trade debtors
4,995 
35,859 
5,111 
35,949 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
7,203 
9,193 
Trade creditors
309 
93 
Taxes and social security
24,436 
24,706 
Other creditors
700 
27,092 
32,648 
61,084 
7
Loans to directors
Tiziano Mignani: The balance owing at the year end date was £171. During the year, £27,798 was advanced and £20,104 was repaid. There is no interest charged on the loan, and no fixed date has been set for the repayment of the loan. No amounts were released or written-off in the year.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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