REGISTERED NUMBER: 07602664 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

THE COALITION FOR A DIGITAL ECONOMY

(COADEC) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D E S Hallas

J A Lynn

P Sampat

Registered office:

Plexal Shoreditch

4 Plough Yard

London

EC2A 3LP

Registered number:

07602664 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

4,961

3,329

Current assets

Debtors

5

189,495

220,167

Cash at bank

388,855

451,742

578,350

671,909

Creditors

Amounts falling due within one year

6

586,171

675,238

Net current liabilities

(7,821

)

(3,329

)

Total assets less current liabilities

(2,860

)

-

Reserves

Income and expenditure account

(2,860

)

-

(2,860

)

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

J A Lynn - Director

1.	Statutory information

THE COALITION FOR A DIGITAL ECONOMY (COADEC) LTD is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Revenue

The company receives donations and sponsorship income from third-party supporters. Donations and sponsorship income is recognised in turnover in the period in which the company incurs expenditure for which the donation and sponsorship income is intended to contribute towards. Any donations and sponsorship income in excess of expenditure at the reporting period end date is treated as deferred income on the basis that the funds will be spent in future accounting periods on expenditure towards the company's mission.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 11 (2023 - 9 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 May 2023

241

7,194

7,435

Additions

-

4,768

4,768

At 30 April 2024

241

11,962

12,203

Depreciation

At 1 May 2023

180

3,926

4,106

Charge for year

61

3,075

3,136

At 30 April 2024

241

7,001

7,242

Net book value

At 30 April 2024

-

4,961

4,961

At 30 April 2023

61

3,268

3,329

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

180,400

218,000

Other debtors

9,095

2,167

189,495

220,167

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

44,400

119,736

Taxation and social security

59,010

32,464

Other creditors

482,761

523,038

586,171

675,238

7.	Related party disclosures

Transactions with directors

Included within the balance of trade creditors/trade payables due within one year is an amount of £4,726 (2023: £1,019) owing to the directors. During the year, the directors settled expenses of £4,726 (2023: £1,019) on behalf of the company. As of the Statement of Financial Position date, the company owed the directors £4,726 (2023: 1,019). This balance due to the directors is interest-free and repayable on demand.