Codice Lieve Ltd - Accounts

Codice Lieve Ltd
Statement of Financial Position
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	430	871
Investments	4	109,717	19,490
		110,147	20,361
Current assets
Debtors	5	21,517	14,868
Cash at bank and in hand		44,040	112,056
		65,557	126,924
Creditors: amount falling due within one year	6	(29,498)	(34,289)
Net current assets		36,059	92,635

Total assets less current liabilities		146,206	112,996
Creditors: amount falling due after more than one year	7	(1,680)	(1,680)
Provisions for liabilities	8	(108)	(218)
Net assets		144,418	111,098

Capital and reserves
Called up share capital		100	100
Profit and loss account		144,318	110,998
Shareholders' funds		144,418	111,098

For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 09 September 2025 and were signed by:

-------------------------------
Daniele Varrazzo
Director

Codice Lieve Ltd
Notes to the Financial Statements
For the year ended 30 April 2025

General Information

Codice Lieve Ltd is a private company, limited by shares, registered in England and Wales, registration number 12578919, registration address 42 Lytton Road, New Barnet, Barnet, EN5 5BY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 1).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 May 2024	2,603	2,603
Additions	-	-
Disposals	-	-
At 30 April 2025	2,603	2,603
Depreciation
At 01 May 2024	1,732	1,732
Charge for year	441	441
On disposals	-	-
At 30 April 2025	2,173	2,173
Net book values
Closing balance as at 30 April 2025	430	430
Opening balance as at 01 May 2024	871	871

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 May 2024	19,490	19,490
Additions	89,673	89,673
Transfer to/from tangible fixed assets	0	0
Disposals	-	-
Revaluations	554	554
At 30 April 2025	109,717	109,717

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	21,210	14,561
Other Debtors	307	307
	21,517	14,868

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	71	0
Taxation and Social Security	7,817	17,446
Other Creditors	21,610	16,843
	29,498	34,289

Creditors: amount falling due after more than one year

	2025 £		2024 £
Other Creditors	1,680		1,680
	1,680		1,680

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	108		218
	108		218

Registered Number: 12578919
England and Wales
CODICE LIEVE LTD

Unaudited Financial Statements

Period of accounts Start date: 01 May 2024 End date: 30 April 2025