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
Code Mage Ltd
Statement of financial position
as at 1 April 2025
Tangible assets
175,361
175,361
Cash at bank and in hand
183,676
137,561
Creditors: amounts falling due within one year
(32,648)
(61,084)
Net current assets
156,139
112,426
Net assets
331,500
287,787
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
Code Mage Ltd
Notes to the Accounts
for the year ended 1 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 1 April 2025
175,361
-
-
-
175,361
At 1 April 2024
175,361
-
-
-
175,361
Code Mage Ltd
Notes to the Accounts
for the year ended 1 April 2025
Amounts falling due within one year
Trade debtors
4,995
35,859
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
24,436
24,706
Other creditors
700
27,092
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).