Codi Consulting Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15528521

Codi Consulting Limited

Filleted Unaudited Financial Statements

28 February 2025

Codi Consulting Limited

Financial Statements

Period ended 28 February 2025

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Codi Consulting Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Codi Consulting Limited

Period ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Codi Consulting Limited for the period ended 28 February 2025, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Codi Consulting Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Codi Consulting Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Codi Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Codi Consulting 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 loss of Codi Consulting Limited. You consider that Codi Consulting Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Codi Consulting 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.

WALTER HUNTER & CO LIMITED Chartered accountants

24 Bridge Street Newport South Wales NP20 4SF

7 September 2025

Codi Consulting Limited

Statement of Financial Position

28 February 2025

	2025
Note	£

Fixed assets

Tangible assets	4	1,868

Current assets

Debtors	5	51,101
Cash at bank and in hand		597
		--------
		51,698

Creditors: amounts falling due within one year	6	76,084
		--------
Net current liabilities		24,386
		--------
Total assets less current liabilities		( 22,518)
		--------
Net liabilities		( 22,518)
		--------

Capital and reserves

Called up share capital	2
Profit and loss account	( 22,520)
	--------
Shareholder deficit	( 22,518)
	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Codi Consulting Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 7 September 2025 , and are signed on behalf of the board by:

Mr T E Williams

Director

Company registration number: 15528521

Codi Consulting Limited

Notes to the Financial Statements

Period ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tramshed Tech, Griffin Street, High Street, Newport, NP20 1FX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and all amounts have been rounded to the nearest £1.

Going concern

The directors will continue to support the company for at least the next 12 months during which time they will consider the future of the business.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Equipment
	£
Cost
At 28 February 2024	–
Additions	2,490
	-------
At 28 February 2025	2,490
	-------
Depreciation
At 28 February 2024	–
Charge for the period	622
	-------
At 28 February 2025	622
	-------
Carrying amount
At 28 February 2025	1,868
	-------

5. Debtors

	2025
	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	51,101
	--------

6. Creditors: amounts falling due within one year

	2025
	£
Trade creditors	1,864
Other creditors	74,220
	--------
	76,084
	--------

7. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Dr C Shipton	–	( 77,382)	13,838	( 63,544)
Mr T E Williams	–	( 25,102)	16,046	( 9,056)
	----	---------	--------	--------
	–	( 102,484)	29,884	( 72,600)
	----	---------	--------	--------

8. Related party transactions

Praktis Limited, company number 15529217, is an associated company of Codi Consulting Limited by way of common shareholdings of its directors. As at 28 February 2025 the company was owed £51,101 by its associated company (2024: £nil). The loan has been made on an interest free basis and is shown in note 6 to the accounts. Other than the above, and the loans owed to directors shown in note 8 to the accounts, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.